Aequs Limited has successfully completed its acquisition of a 50% stake in Aequs Foundation, marking a significant corporate development for the company. The transaction was finalized on March 27, 2026, following the company's initial intimation to stock exchanges on February 23, 2026.

Transaction Details

The acquisition involved the purchase of 1,000 equity shares from Hubballi Durable Goods Cluster Private Limited through a secondary transaction. The key parameters of the deal are outlined below:

Regulatory Compliance

The company fulfilled its regulatory obligations by notifying both major stock exchanges about the completion of this acquisition. The intimation was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The announcement was signed by Ravi Mallikarjun Hugar, Company Secretary and Compliance Officer, confirming that the transfer of equity shares in favor of Aequs Limited has been duly completed. The company has also made this information available on its official website for stakeholder access.

Corporate Structure Impact

With this acquisition, Aequs Limited now holds a 50% ownership stake in Aequs Foundation, representing a strategic addition to the company's portfolio. The transaction represents the completion of a process that was initiated in February 2026, demonstrating the company's commitment to expanding its corporate presence through strategic acquisitions.

Aequs Limited has signed a strategic non-binding Memorandum of Understanding with the Government of Karnataka on March 26, 2026, marking a significant step in the company's manufacturing expansion plans. The agreement encompasses the proposed expansion of manufacturing facilities across multiple locations in Karnataka, demonstrating the company's commitment to strengthening its operational footprint in the state.

Investment and Timeline Details

The comprehensive expansion plan involves substantial financial commitment and strategic positioning across key industrial areas in Karnataka.

Manufacturing Facilities and Locations

The expansion strategy focuses on two primary manufacturing hubs, each targeting specific product segments to maximize operational efficiency and market reach.

Aequs Special Economic Zone, Belagavi

The Belagavi facility will concentrate on manufacturing aerospace precision engineering products, leveraging the company's expertise in high-precision manufacturing. This location will serve as a key hub for aerospace components, supporting both domestic and international markets.

Hubballi Durable Goods Cluster

The Hubballi facilities, located in Itigatti and Gamanagatti Industrial Area, will focus on manufacturing enclosures for consumer electronic products. This strategic positioning allows the company to tap into the growing consumer electronics market while benefiting from the industrial cluster advantages.

Government Support and Facilitation

The MOU establishes a framework for comprehensive government support to facilitate the expansion process. The Government of Karnataka has committed to providing facilitation and support in obtaining necessary permissions, registrations, approvals, clearances, and incentives from concerned state departments. This support will be provided as per the prevailing policies, rules, and regulations of the State Government.

Strategic Benefits and Rationale

The partnership with Karnataka's industrial department offers several strategic advantages for Aequs Limited:

• Priority access to approvals, permissions, and utility allocation
• Enhanced coordination between government departments
• Access to financial incentives and concessional charges
• Streamlined regulatory processes for faster project implementation

The expansion aligns with Aequs Limited's growth strategy in aerospace precision engineering and consumer electronics manufacturing, positioning the company to capitalize on increasing demand in both sectors while strengthening its manufacturing capabilities in Karnataka.