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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's board approved Rs. 68.20 Crore fully convertible warrants on a preferential basis. Promoter Rupal Mandavia is allotted Rs. 25 Crore, subject to shareholder approval.
Flywings Simulator reported nil deviation in utilizing ₹47.99 Crore fresh IPO proceeds. Funds were deployed towards machinery purchase, corporate purposes, and issue-related expenses.
Flywings Simulator Training Centre Limited approved a variation in its IPO proceeds utilization of ₹35.34 Crore. The company will now lease two Full Flight Simulators (FFS) for 10 years in Maharashtra, replacing the originally proposed purchase of a Fixed Base Flight Simulator in Haryana to optimize operational efficiency.