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.

Aequs Limited reported a 55% year-on-year revenue surge to ₹3,955 million in Q1FY27, driven by strong aerospace performance and the initial ramp-up of its consumer electronics segment. While reported EBITDA declined sequentially due to lower other income, operational EBITDA excluding such items more than tripled to ₹148 million from ₹42 million in the previous quarter, signaling improved underlying execution.

The company filed the transcript of its earnings conference call held on July 29, 2026, with the National Stock Exchange of India Limited and BSE Limited, pursuant to Regulation 30 and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure provides stakeholders with management’s commentary on the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026.

Financial Performance Highlights

Aequs’s consolidated revenue from operations grew 55% year-on-year and 8% sequentially to ₹3,955 million. Aerospace revenue increased 40% year-on-year to ₹3,222 million, supported by higher customer build rates and the progression of additional parts into production. The consumer segment revenue nearly tripled to ₹734 million, up 190% year-on-year, reflecting increased production volumes at the Hubballi facility.

Reported EBITDA stood at ₹215 million, down from ₹321 million in Q4FY26, primarily due to a reduction in other income from ₹279 million to ₹67 million. However, operational EBITDA (excluding other income) improved significantly from ₹42 million to ₹148 million, a 3.5x sequential increase. The consumer segment’s EBITDA loss narrowed by ₹112 million sequentially to ₹361 million, moving closer to the targeted breakeven in Q4FY27.

*Q4FY26 PAT included an exceptional gain of ₹90 million.

Strategic Developments and Order Book

Aequs secured significant new contracts during the Farnborough Airshow, including a long-term agreement with Safran Landing Systems for fully integrated Airbus A320 wheels. This marks the first time a customer has outsourced this flight-critical product manufacturing outside its own facilities, leveraging Aequs’s Belagavi ecosystem for 100% Make in India production. The company also signed agreements with two new Tier-1 aerospace customers.

The aerospace order book crossed the USD1 billion mark, rising 13% sequentially from USD889 million. Management indicated that new wins will reflect in the next quarter’s order book figures. To support these commitments, Aequs is evaluating an acceleration of its aerospace capital expenditure plan.

Forward Outlook and Capex

Management reaffirmed its FY27 guidance of 45-50% top-line revenue growth and doubling of operational EBITDA. The company expects consumer segment utilization to improve to 40-50% by Q4FY27, driving the segment toward EBITDA breakeven. Total capital expenditure for FY27 is guided at ₹660 million, with approximately ₹500 million allocated to consumer and ₹160 million to aerospace, subject to potential adjustments based on utilization ramps.

Looking ahead, Aequs plans to invest ₹1,900 million over ten years in its proposed Hosur ecosystem, focusing on aero-engine and landing gear components. Revenues from this facility are expected to commence in FY29. The company also outlined a five-year capex plan of USD350-400 million from FY27 to FY31, aiming for a steady-state ROCE of 18-20% across both segments.