Aequs Limited has issued a comprehensive postal ballot notice dated February 25, 2026, seeking shareholder approval for seven critical resolutions through remote e-voting. The notice, approved by the Board of Directors on February 23, 2026, addresses key corporate governance matters and strategic transactions.

Employee Stock Option Plan Ratification

The company is seeking ratification of the "Aequs Employee Stock Option Plan 2025" (ESOP 2025), which was originally approved by the Board on May 10, 2025, and shareholders on May 13, 2025, prior to the company's listing on December 10, 2025. The plan consolidates all existing employee stock option schemes into a single framework.

The ESOP 2025 requires ratification under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as no company can make fresh grants post-listing unless the plan is ratified by members. The company also seeks approval for extending ESOP benefits to employees of holding and subsidiary companies, secondary acquisition of shares through trust route, and provision of funds by the company for share purchases by the Aequs Stock Option Plan Trust.

Director Nomination Rights

Aequs Limited is seeking approval for special rights contained in the Shareholders' Agreement dated October 12, 2023, which survived the agreement's termination following the IPO. The proposal grants shareholders holding at least 26% of share capital the right to nominate one director on the Board.

Material Related Party Transactions

The company seeks approval for material related party transactions with Aequs SEZ Private Limited for FY 2026-27, totaling ₹1,07,01,44,716. These transactions primarily involve infrastructure services as Aequs Limited and its wholly owned subsidiaries operate from Aequs Special Economic Zone.

The transactions represent 11.57% of the company's annual consolidated turnover for FY 2024-25 and 89.10% of Aequs SEZ Private Limited's turnover. Services include transport, electricity, administration, maintenance, security, and water charges.

Voting Process and Timeline

The postal ballot will be conducted exclusively through remote e-voting, with KFin Technologies Limited serving as the e-voting service provider. CS Pramod SM or CS Biswajit Ghosh of M/s. BMP & Co. LLP have been appointed as scrutinizers.

Articles of Association Amendment

The company also seeks approval to alter its Articles of Association by inserting Article 117A to formalize director nomination rights and delete Part B of the Articles, which ceased to have effect following the listing. The amendments are administrative in nature, ensuring compliance with post-listing regulatory requirements.

The Board of Directors has recommended all seven resolutions for shareholder approval, with six requiring special resolutions and one ordinary resolution for the related party transactions.

Source: None/Company/INE947N01017/50a47d53-01da-48e5-9e84-3de249f3343f.pdf

Aequs Limited has made a significant investment of ₹2,307.12 crore in its wholly owned subsidiary AeroStructures Manufacturing India Private Limited (ASMPL) through a rights issue offering. The aerospace manufacturing company announced this development in a regulatory filing dated February 17, 2026, under Regulation 30 of the SEBI Listing Regulations.

Investment Details

The investment involved the subscription of 7,989,750 equity shares at a price of ₹288.76 per share, totaling ₹2,307,120,210. Despite this substantial investment, there will be no change in the percentage of shareholding, with ASMPL continuing to remain a wholly owned subsidiary of Aequs Limited.

Purpose and Utilization

This investment represents part of the utilization of IPO proceeds as outlined in Aequs Limited's prospectus dated December 5, 2025. The funds will be strategically deployed for two primary purposes: repaying existing bank loans and meeting capital expenditure requirements. The transaction falls under the company's planned allocation of IPO proceeds for strengthening its subsidiary operations.

About AeroStructures Manufacturing India

ASMPL, incorporated on February 7, 2013, specializes in manufacturing aerostructure parts and has demonstrated consistent growth over recent years. The subsidiary operates exclusively in India and has established itself as a significant contributor to Aequs Limited's aerospace manufacturing capabilities.

Historical Performance

ASMPL has shown steady revenue growth over the past three years, reflecting the robust demand in the aerospace sector and the company's operational efficiency.

Regulatory Compliance

The transaction, being between a holding company and its wholly owned subsidiary, does not fall within the ambit of related party transactions as per Regulation 23(5) of the SEBI Listing Regulations. No governmental or regulatory approvals were required for this investment, and the promoter/promoter group/group companies have no additional interest in ASMPL beyond the existing shareholding structure.