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03-Apr2018

Sat Industries to pursue new line of business

Sat Industries has received an approval to pursue new line of business related to Stainless Steel hoses and fittings, through conversion of its 0.01% Compulsorily Convertible Cumulative Preference Shares of Tranche 1 and Tranche 2 into equity shares in Aeroflex Industries, a company engaged in the business related to Stainless Steel hoses and fittings. The board of directors at its meeting held on April 2, 2018 has approved for the same.

Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.



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