Aequs Limited has adopted a new equity incentive framework, approving the Aequs Restricted Stock Unit Plan 2026 (RSU 2026) and amending its existing Aequs Employee Stock Option Plan 2025 (ESOP 2025) during a Board meeting held on August 7, 2026. The move aims to broaden retention tools for employees across its global operations, including subsidiaries and associate companies in India and abroad. Simultaneously, the Nomination and Remuneration Committee granted 2,70,000 stock options under the ESOP 2025, signaling continued investment in human capital as part of its long-term growth strategy.

The Board’s decision, taken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, involves reallocating resources from the existing ESOP pool. Specifically, 1,500,000 ungranted stock options from the ESOP 2025 pool have been earmarked for implementation of the RSU 2026. This reallocation results in a corresponding reduction in the ungranted options available for future grants under the ESOP 2025. Both the adoption of the RSU 2026 and the amendments to the ESOP 2025 are subject to shareholder approval at the company’s ensuing Annual General Meeting.

The amendment to the ESOP 2025 extends benefits to eligible employees of the company, its associate companies (including joint ventures), whether existing or future, located in India or outside India. This expansion aligns with the broader applicability of the new RSU 2026, which also covers employees of subsidiary companies. The structural changes ensure compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, providing a flexible mechanism for rewarding talent across the group’s diverse organizational structure.

In a separate disclosure under Regulation 30 read with Schedule III of the Listing Regulations and SEBI Circular No. HO/CFD/PoD2/I/3762/2026 dated January 30, 2026, the Nomination and Remuneration Committee approved the grant of 2,70,000 Employee Stock Options under the ESOP 2025 on August 7, 2026. These options carry an exercise price of ₹239.50 per option and represent shares with a face value of ₹10 each. The grant is subject to vesting conditions specified in the individual grant letters.

Key Terms of the ESOP Grant

The vested options will entitle holders to acquire an equal number of equity shares upon payment of the exercise price and applicable taxes. Once vested, the options must be exercised within three years. The total potential dilution from this specific grant amounts to 2,70,000 equity shares, assuming full vesting and exercise. The company has scheduled its 26th Annual General Meeting for September 4, 2026, to seek shareholder approval for these plans via Video Conferencing or Other Audio Visual Means.

The Board of Directors of Aequs Limited approved the appointment of M/s. BMP & Co. LLP as its Secretarial Auditor for a period of five consecutive years, covering FY27 through FY31. The Board also approved the re-appointment of Rajeev Kaul as a Director, who is liable to retire by rotation. These appointments are subject to approval by shareholders at the company’s ensuing Annual General Meeting. The decisions were made during a board meeting held on August 07, 2026, which commenced at 09:15 AM (IST) and concluded at 09:45 AM (IST).

The appointment of BMP & Co. LLP was based on the recommendation of the Audit Committee and is in accordance with Section 204 of the Companies Act, 2013 read with the Listing Regulations. The firm holds Firm Registration No. L2017KR003200 and Peer Review Certificate No. 6387/2025. BMP has consented to the appointment and confirmed compliance with regulatory requirements.

Key Appointments

Rajeev Kaul, the Co-Founder and Managing Director of Aequs Limited, offers himself for re-appointment. He has been associated with the company since April 01, 2007, and holds over 22 years of experience in finance and aerospace sectors. Kaul holds a bachelor's degree in arts in mathematics from the University of Delhi and is a member of the Institute of Chartered Accountants of India. He is responsible for the overall operations and performance of different verticals, including aerospace and consumer durable goods.

Regulatory Compliance

The intimation was issued pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure includes details required under Regulation 30 read with Schedule III of the SEBI Listing Regulations, 2015, and SEBI Circular No SEBI/HO/CFD/PoD2/I/3762/2026 dated January 30, 2026.

As per BSE Circular with ref. No. LIST/COMP/1 4/2 018-19 and NSE Circular with ref. No. NSE/CML/2018/2 4 dated June 20, 2018, Rajeev Kaul is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. There are no disclosed relationships between directors regarding these appointments.

BMP & Co. LLP, founded in 2017, specializes in Company Secretarial services with offices in Bengaluru, Mumbai, Delhi (NCR), and Gurgaon. The firm provides services including Corporate Secretarial Services, Secretarial Audit, SEBI compliances, Initial Public Offerings, Foreign Direct Investment, Overseas Direct Investment under FEMA, Mergers & Amalgamations, Business Setup, and Fund Raising compliance. Their clientele includes listed corporates, multinational companies, startups, venture capital firms, and law firms.