"We would like to inform you that after the pre-payment of the entire outstanding loan mentioned herein above, now Aeroflex is debt free company,” the metal products manufacturer said in a statement.

Aeroflex Industries, a subsidiary of SAT Industries, is a global flexible flow solutions company developing and manufacturing of environment friendly metallic flexible corrugated hoses, assemblies, and fittings for a diverse range of industrial sectors in both global as well as domestic market.

The company reported a net profit of Rs 30.15 crore and net sales of Rs 269.46 crore for the twelve months ended on 31 March 2023.