Aequs Limited has made a significant investment of ₹14 crore in its wholly owned subsidiary Aequs Toys Private Limited (ATPL) through a rights issue, as announced on April 1, 2026. The investment demonstrates the company's commitment to strengthening its toy manufacturing business segment and supporting the subsidiary's operational requirements.

Investment Details

The investment structure involved the subscription of 1,40,00,000 shares at a price of ₹10 per equity share, totaling ₹14,00,00,000. Despite this substantial investment, there will be no change in the percentage of shareholding, with ATPL continuing to remain a wholly owned subsidiary of Aequs Limited.

Subsidiary Performance Overview

Aequs Toys Private Limited, incorporated on August 6, 2021, operates in the manufacturing and sale of toys and related products. The subsidiary's financial performance as of March 31, 2025, shows mixed results with declining revenue but substantial net worth.

Historical Revenue Performance

ATEL's revenue performance over the past three years shows fluctuation, with a peak in FY 2023-24 followed by a decline in FY 2024-25.

Investment Purpose and Regulatory Compliance

This investment forms part of the utilization of IPO proceeds as specified in Aequs Limited's prospectus dated December 5, 2025. The funds will be utilized to meet ATPL's working capital and other business operational requirements. The transaction, being between a holding company and its wholly owned subsidiary, does not fall within the ambit of related party transactions under Regulation 23(5) of SEBI Listing Regulations. The company has confirmed that no governmental or regulatory approvals are required for this investment, and the consideration is being made entirely in cash.

Aequs Limited has officially declared the voting results of its postal ballot conducted through remote e-voting under Regulation 44 of SEBI Listing Regulations. The company announced that all seven proposed resolutions have been passed with requisite majority, including the ratification of Employee Stock Option Plan 2025 and other corporate governance matters.

Official Declaration and Regulatory Compliance

The company submitted its declaration to stock exchanges on March 30, 2026, following the completion of postal ballot voting that concluded on March 27, 2026. The process was conducted in accordance with Section 110 of the Companies Act, 2013, and relevant SEBI regulations.

Resolution-wise Voting Results

All seven resolutions were successfully passed with overwhelming shareholder support. The detailed voting results demonstrate strong confidence in the company's strategic initiatives:

ESOP 2025 Related Resolutions (Resolutions 1-4)

Corporate Governance Resolutions (Resolutions 5-7)

Shareholder Participation Analysis

The postal ballot witnessed significant participation across different shareholder categories:

Promoter and Promoter Group:

• Held 396207820 shares representing the largest shareholding block
• Participated 100% in resolutions 1-6
• Did not participate in resolution 7 due to interest in the related party transaction

Public-Institutions:

• Held 215171614 shares with consistent 87.01% participation
• Demonstrated strong support with 100% approval for resolutions 5-7
• Showed varied support levels for ESOP-related resolutions ranging from 92.65% to 95.06%

Public-Non Institutions:

• Held 59286201 shares with participation ranging from 0.76% to 2.55%
• Consistently showed over 99% approval rates across all resolutions

Scrutinizer's Report and Process Validation

Mr. Pramod SM of BMP & Co. LLP, the appointed scrutinizer, confirmed that the postal ballot process was conducted in full compliance with regulatory requirements. The scrutinizer's report validated that all procedural requirements under the Companies Act, 2013, and SEBI regulations were met during the voting process.

The remote e-voting was facilitated by KFin Technologies Limited, and all votes cast up to 5:00 PM on March 27, 2026, were considered for the final tally. The voting results and scrutinizer's report have been made available on the company's website at www.aequs.com/investor .

Employee Stock Option Plan 2025 Implementation

The successful passage of ESOP 2025 related resolutions enables the company to implement its comprehensive employee incentive program. The plan includes provisions for extending benefits to employees of holding and subsidiary companies, secondary acquisition of shares through trust route, and company funding for share purchases by the Aequs Stock Option Plan Trust.

The strong shareholder approval, with support rates ranging from 97.65% to 98.42% for ESOP-related matters, reflects confidence in the company's human resource strategy and long-term growth prospects. This approval strengthens Aequs Limited's ability to attract and retain talent through equity participation programs.