Aequs Ltd saw a reduction in institutional holding as AmanSA Investments Ltd and its persons acting in concert (PAC) disposed of 934,000 equity shares in the secondary market.

The disclosure, filed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that the transaction took place on October 1, 2026. The sale reduced the combined holding of AmanSA Investments Ltd-FDI, AmanSA Investments Ltd, and AmanSA Holdings Private Limited from 36,800,000 shares to 35,866,000 shares.

Stake Reduction Details

The acquirer group, which does not belong to the promoter or promoter group, held 5.49% of the company's total voting capital prior to this transaction. Following the disposal, their current percentage holding stands at 5.35%.

Regulatory Filing Specifics

The filing was submitted by Citibank N.A. Securities Services on behalf of the acquirers. The mode of sale was specified as "Sale on Secondary Market." The total paid-up equity capital of Aequs Ltd remains unchanged at 670,665,635 shares, indicating no dilution or issuance occurred during this period.

What the Numbers Show

The disposal represents a marginal exit strategy rather than a significant divestment. The reduction of 0.14% in total shareholding is relatively small compared to the initial position of 5.49%. This suggests a routine portfolio rebalancing or liquidity management action by the institutional investor, keeping them just above the 5% threshold where substantial acquisition regulations typically trigger more frequent reporting requirements.

Aequs Limited has finalized the schedule for its Extra-Ordinary General Meeting (EGM) on October 22, 2026, to seek shareholder approval for a ₹650 crore preferential issue of warrants convertible into equity shares. The meeting will be held via video conferencing at 4:30 pm.

The warrants will be issued to Mellwood Trustee Services Private Limited (Trustee of the Melligeri Private Family Foundation), a member of the Promoter Group. The proposal was approved by the Board on September 25, 2026. Shareholders can cast their votes electronically from October 19, 2026, to October 21, 2026.

Issue Structure and Pricing

The Board approved the preferential issue of up to 2,80,71,690 warrants, each convertible into one fully paid-up equity share of face value ₹10. The issue price is set at ₹231.55, determined as the floor price under Regulation 164 of the SEBI ICDR Regulations. This price represents the higher of the 90-trading-day and 10-trading-day volume weighted average price preceding September 22, 2026.

Utilization of Funds

The proceeds from the warrant issue are earmarked for expanding capacities in two key sectors:

• Aerospace components manufacturing
• Consumer goods production capabilities

The funds will specifically support the development of the Hosur facility, investments in subsidiaries and joint ventures supporting expansion, and general corporate purposes. The equity infusion will also provide the base against which the Company raises term borrowings for these projects. The immediate receipt of 50% of the funds allows the company to commence these expansion projects without waiting for the full tranche completion.

Promoter Commitment and Shareholding

Of the total issue size, ₹325 crore will be payable upfront upon allotment, representing 50% of the issue size and twice the regulatory minimum. The balance consideration is payable upon exercise of the warrants, which must occur within 18 months from allotment. However, conversion into equity shares must take place on or before December 31, 2027. The Promoter has undertaken to pay the balance consideration in full, irrespective of the market price at the time of exercise.

Upon full conversion, the aggregate holding of the Promoter and Promoter Group in Aequs will increase from 59.09% to 60.73%.

Regulatory Compliance and Voting Details

The intimation regarding the board approval was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ravi Mallikarjun Hugar, Company Secretary and Compliance Officer, signed the disclosure filed with the National Stock Exchange of India Limited and BSE Limited.

The company has provided facilities for remote e-voting and e-voting at the EGM. The remote e-voting period commences on Monday, October 19, 2026, at 9:00 am and ends on Wednesday, October 21, 2026, at 5:00 pm. Members holding shares as on the cut-off date of October 15, 2026, are entitled to vote.