Flywings Simulator Training Centre's board approved issuing 350 unlisted secured NCDs worth ₹35 Crore via private placement. Tenure is 18 months at a 16.5% coupon.
Flywings seeks approval to issue up to 29.88 lakh warrants at Rs.245, aggregating Rs.73.20 Crore. Includes promoter Rupal Mandavia; EGM is on 27 November 2026.
Value
₹73.20 Cr
Execution
Warrants exercisable within 18 months from the date of allotment
Flywings approved preferential issue of up to 29,87,760 warrants at Rs 245, aggregating Rs 73.20 crore. Shareholder approval is sought at an EGM on November 27, 2026.
Flywings Simulator Training Centre Limited intimated a board meeting on November 5, 2026, to consider a preferential issue for fund raising. No amount or terms disclosed.
Flywings Simulator Training Centre announced the upcoming launch of its new flying school at Dholera International Airport, Gujarat, as part of its aviation training expansion.
Flywings Simulator Training Centre corrected an inadvertent error in its FY26 earnings call transcript. Captain Sanjay Mandavia's designation was wrongly stated as CEO; no management change exists.
Flywings Simulator Training Centre Limited has issued a notice for an Extra-Ordinary General Meeting (EGM) scheduled for November 05, 2026, to be held via video conferencing.