Aequs Limited concluded its 26th Annual General Meeting on September 4, 2026. The virtual gathering saw shareholders approve key governance resolutions, including a new restricted stock unit plan and amendments to the company’s memorandum of association.

The meeting, held via video conferencing, began at 4:00 pm and ended at 5:11 pm. Forty-one members attended. Executive Chairman & CEO Aravind S Melligeri chaired the session. Co-Founder & Managing Director Rajeev Kaul addressed operational performance.

Key Resolutions Passed

Shareholders voted on several ordinary and special business items. The board sought approval for adopting the audited financial statements for FY26. No qualifications or adverse remarks were noted by statutory auditors B S R & Co. LLP in their reports.

Governance and Compensation

The most significant special resolutions concerned employee compensation structures. Shareholders approved the 'Aequus Restricted Stock Unit Plan 2026'. This includes granting RSUs to employees of subsidiary and associate companies. The resolution also permits using shares already held by the Aequus Stock Option Plan Trust.

Additionally, the board secured approval to amend the "Aequus Employee Stock Option Plan 2025". Benefits under this existing plan will now extend to employees of associate companies.

Strategic and Operational Approvals

Other notable approvals included:

• Appointment of Mr. Rajeev Kaul as a director liable to retire by rotation
• Appointment of BMP & Co. LLP as secretarial auditors
• Approval of material related-party transactions with Aequus SEZ Private Limited
• Change in the main object clause of the Memorandum of Association

What the Numbers Show

The approval of the new RSU plan alongside the extension of ESOP benefits to associate companies signals a strategic shift in talent retention. By consolidating equity incentives across subsidiaries and associates, management aims to align broader organizational goals with shareholder value creation.

Meeting Details

The Company Secretary confirmed that remote e-voting was available. Members present who had not voted electronically were given the opportunity to vote during the meeting and for 15 minutes after its conclusion. The results will be filed upon receipt of the scrutinizer's report.

Aequs has appointed Ms. Reenah Simon Joseph as Chief Financial Officer, effective August 31, 2026. The Board of Directors approved the move on August 29, 2026.

The appointment follows recommendations from the Nomination and Remuneration Committee and the Audit Committee. It complies with Regulation 30 of the SEBI Listing Regulations and the Companies Act, 2013.

Key Managerial Personnel Details

Ms. Joseph joins as a Key Managerial Personnel (KMP). Her term is defined by her appointment letter.

Professional Background

Ms. Joseph brings approximately 19 years of experience in finance and corporate strategy. She most recently served as Deputy Group CFO and Head of Corporate Finance, M&A, and Investor Relations at PDS Limited.

Her earlier roles include Chief Corporate Finance & Investor Relations at Future Group and Senior Analyst in the Investment Banking Division at Credit Suisse Securities.

She holds an MBA in Finance from ICFAI Business School, Pune. Her expertise covers capital markets, fundraising, M&A, investor relations, financial governance, FP&A, business transformation, strategic planning, performance management, and stakeholder management.