Aequs designates MD and CFO for materiality disclosures under SEBI rules

scanx
Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Aequs Limited designated Rajeev Kaul and Reenah Simon Joseph as Key Managerial Personnel
  • Designation complies with Regulation 30(5) of SEBI Listing Regulations
  • Kaul is Co-Founder & Managing Director; Joseph is Chief Financial Officer
  • Details published on company website for public access
powered bylight_fuzz_icon
51893354

*this image is generated using AI for illustrative purposes only.

Aequs Limited has designated its Co-Founder and Managing Director, Rajeev Kaul, and Chief Financial Officer, Reenah Simon Joseph, as the Key Managerial Personnel responsible for determining the materiality of events and information.

This designation is made in compliance with Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both the National Stock Exchange of India Limited and BSE Limited about this decision on September 25, 2026. These individuals are now authorized to make necessary disclosures to the stock exchanges regarding material events.

Designated personnel details

The Board of Directors identified two senior executives to handle these regulatory responsibilities. Their contact details and designations are outlined below:

Name Designation Contact Details
Rajeev Kaul Co-Founder & Managing Director Address: Aequus SEZ, No. 437/A, Hattargi Village, Hukkeri Taluk, Belagavi – 591243, Karnataka, India
Reenah Simon Joseph Chief Financial Officer Email ID: company.secretary@aequs.com
T. No.: +91 9632058521

Compliance and public access

The company stated that the details of these authorized personnel are available on its official website. This intimation has been uploaded to the investor relations section of the corporate website to ensure transparency for shareholders and market participants. The Company Secretary and Compliance Officer, Ravi Mallikarjun Hugar, signed the digital intimation submitted to the exchanges.

Historical Stock Returns for Aequs

1 Day5 Days1 Month6 Months1 Year5 Years
+1.34%+7.29%-3.91%+99.39%+62.63%+62.63%

How will the designation of the CFO as a key materiality determiner influence the speed and accuracy of future financial disclosures for Aequs Limited?

What specific internal protocols has Aequs Limited implemented to ensure Rajeev Kaul and Reenah Simon Joseph consistently apply SEBI's materiality thresholds?

Will this centralized decision-making structure for material events impact investor confidence regarding transparency during potential corporate restructuring or M&A activities?

Aequs promoter pledges entire 14.99% stake for ₹200 crore facility

scanx
Reviewed by
Jubin VScanX News Team
Key Highlights
  • Melligeri Private Family Foundation pledged 100% of its 10,05,13,070 shares, representing 14.99% of Aequs Limited
  • The pledge secures a ₹200 crore finance facility from 360 One Prime Ltd for investment purposes
  • Total promoter group holding is 59.09%, with pledged shares constituting 25.36% of this group holding
  • Security cover ratio stands at 11.50:1, with share value at ₹2,300.74 crore against the loan amount
powered bylight_fuzz_icon
51600004

*this image is generated using AI for illustrative purposes only.

Melligeri Private Family Foundation has pledged its entire shareholding in Aequs Limited to secure a finance facility. The disclosure confirms the creation of a pledge on 10,05,13,070 equity shares, representing 14.99% of the total share capital.

The encumbrance was created on September 21, 2026, in favor of 360 One Prime Ltd, an NBFC. The funds are being raised as security for a finance facility amounting to ₹200 crore, which may be extended from time to time for making investments.

Pledge details

The foundation holds 10,05,13,070 shares, all of which have now been encumbered. This constitutes 100% of the specific promoter's shareholding. The total promoter and promoter group holding stands at 39,62,82,820 shares, or 59.09% of the paid-up capital. The pledged shares represent 25.36% of this total group holding.

Metric Value
Shares pledged 10,05,13,070
% of total share capital 14.99%
% of promoter shareholding 100%
Pledgee 360 One Prime Ltd
Facility amount ₹200 crore

Security cover

The document outlines the valuation metrics associated with the transaction. The value of the pledged shares on the date of the event was ₹2,300.74 crore against the borrowing amount of ₹200 crore.

Parameter Amount
Value of shares (A) ₹2,300.74 crore
Amount involved (B) ₹200 crore
Ratio (A/B) 11.50:1

What the Numbers Show

The security cover ratio of 11.50:1 indicates that the value of the collateral significantly exceeds the initial borrowing amount. While the pledging covers 100% of the Melligeri Private Family Foundation's holding, it accounts for roughly a quarter of the total promoter group's ownership, limiting the concentration of encumbrance relative to the aggregate control of the company.

Historical Stock Returns for Aequs

1 Day5 Days1 Month6 Months1 Year5 Years
+1.34%+7.29%-3.91%+99.39%+62.63%+62.63%

What specific investment opportunities is the Melligeri Private Family Foundation targeting with the ₹200 crore facility?

How might a significant decline in Aequs Limited's share price impact the margin requirements for this pledged collateral?

Does this pledge indicate a potential liquidity need within the promoter group that could lead to further encumbrance of shares?

More News on Aequs

1 Year Returns:+62.63%