Aequs Limited Infuses Capital into Wholly Owned Subsidiary Aequs Engineered Plastics via Rights Issue
Aequs Limited made a further investment of INR 92,321,170/- in its wholly owned subsidiary Aequs Engineered Plastics Private Limited through a rights issue on May 5, 2026, subscribing 92,32,117 equity shares at INR 10/- per share. The funds, sourced from IPO proceeds, are earmarked for AEPPL's working capital and operational needs. AEPPL reported consolidated total income of INR 54.65 Crore for FY 2024-25, a loss after tax of INR 28.48 Crore, and a negative net worth of INR -4.36 Crore as on March 31, 2025.

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Aequs Limited has made a further investment in its wholly owned subsidiary, Aequs Engineered Plastics Private Limited (AEPPL), through a rights issue. The disclosure was made pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction was executed on May 5, 2026, with consideration paid entirely in cash.
Investment Details
Under the rights issue, Aequs Limited subscribed to 92,32,117 equity shares of AEPPL at a price of INR 10/- per equity share, resulting in a total investment of INR 92,321,170/-. Following this investment, there will be no change in the percentage of shareholding of Aequs Limited in AEPPL, which will continue to remain a wholly owned subsidiary of the company.
| Parameter: | Details |
|---|---|
| Subsidiary Name: | Aequs Engineered Plastics Private Limited (AEPPL) |
| CIN: | U22209KA2015PTC078777 |
| Date of Incorporation: | 10-Feb-2015 |
| Shares Subscribed: | 92,32,117 equity shares |
| Price per Share: | INR 10/- |
| Total Investment: | INR 92,321,170/- |
| Consideration Type: | Cash |
| Country of Presence: | India |
Purpose of Investment
The investment is part of the utilisation of IPO proceeds as specified in the Prospectus of Aequs Limited dated December 5, 2025. The funds are intended to meet AEPPL's working capital and other business and operational requirements. No governmental or regulatory approvals were required for this transaction.
About Aequs Engineered Plastics Private Limited
AEPPL is engaged in the business of manufacturing of all sorts of plastic products, parts, and toys, and operates in India. As AEPPL is a wholly owned subsidiary, it is classified as a related party of Aequs Limited. However, pursuant to Regulation 23(5) of the SEBI Listing Regulations, transactions between a holding company and its wholly owned subsidiary do not fall within the ambit of related party transactions. The promoter, promoter group, and group companies of Aequs Limited have no interest in AEPPL beyond the shares held by the company.
The following table presents AEPPL's consolidated total income over the last three financial years, along with key financial metrics as on March 31, 2025 (Audited):
| Financial Year: | Consolidated Total Income |
|---|---|
| FY 2024-25 | INR 54.65 Crore |
| FY 2023-24 | INR 107.59 Crore |
| FY 2022-23 | INR 135.60 Crore |
| Metric (as on March 31, 2025 – Audited): | Value |
|---|---|
| Turnover: | INR 54.65 Crore |
| Loss after tax: | INR 28.48 Crore |
| Net worth: | INR -4.36 Crore |
The regulatory disclosure was signed by Ravi Mallikarjun Hugar, Company Secretary and Compliance Officer of Aequs Limited (Membership Number: A20823), and is available on the company's investor relations website.
Historical Stock Returns for Aequs
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.59% | +0.81% | +51.28% | +25.17% | +25.17% | +25.17% |
Given AEPPL's declining revenue trend from INR 135.60 Crore in FY23 to INR 54.65 Crore in FY25 and a negative net worth, what turnaround strategy is Aequs Limited planning to restore the subsidiary's financial health?
How much of the total IPO proceeds raised in December 2025 has been allocated to AEPPL, and are there additional tranches of investment planned for the subsidiary in the near term?
Could AEPPL's persistent losses and negative net worth of INR -4.36 Crore pose a risk of impairment charges on Aequs Limited's consolidated balance sheet in upcoming quarters?


































