Aequus Limited Acquires 50% Stake in Aequus Foundation for INR 10,000
Aequus Limited's Board approved acquisition of 50% stake in Aequus Foundation for INR 10,000 on February 23, 2026. The transaction involves purchasing 1,000 equity shares from Hubballi Durable Goods Cluster Private Limited. Aequus Foundation, a Section 8 company focused on CSR activities, reported turnover of INR 1.168 Cr as of March 31, 2025. The related party transaction aims to enhance visibility of CSR expenditures and is expected to complete within one month.
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Aequus Limited announced that its Board of Directors has approved the acquisition of a 50% stake in Aequus Foundation through a secondary transaction. The Board meeting held on February 23, 2026, approved the purchase of 1,000 equity shares from Hubballi Durable Goods Cluster Private Limited for a total consideration of INR 10,000.
Transaction Details
The acquisition involves purchasing equity shares with a face value of INR 10 each, representing 50% of Aequus Foundation's total share capital. The transaction is structured as a cash consideration deal and is expected to be completed within one month from the date of approval.
| Parameter: | Details |
|---|---|
| Shares Acquired: | 1,000 equity shares |
| Stake Percentage: | 50% |
| Face Value per Share: | INR 10 |
| Total Consideration: | INR 10,000 |
| Transaction Type: | Secondary transaction |
| Completion Timeline: | One month |
About Aequus Foundation
Aequus Foundation is a Section 8 company incorporated on August 17, 2016, with Corporate Identity Number U74999KA2016NPL095790. The foundation operates in the social welfare sector, focusing on activities related to commerce, art, culture, sports, education, research, healthcare, charity, environmental protection, women empowerment, and rural development.
The foundation's financial performance as of March 31, 2025 shows:
| Financial Metric: | Amount |
|---|---|
| Turnover: | INR 1.168 Cr |
| Surplus: | INR 0.052 Cr |
| Net Worth: | INR 0.028 Cr |
Historical Performance
Aequus Foundation has maintained consistent revenue generation over the past three years:
| Financial Year: | Total Income |
|---|---|
| FY 2024-25: | INR 1.168 Cr |
| FY 2023-24: | INR 1.097 Cr |
| FY 2022-23: | INR 1.434 Cr |
Strategic Rationale
The acquisition represents a related party transaction, as persons with ownership interest in Aequus Limited have control or significant influence in Aequus Foundation. The company stated that this acquisition will provide better visibility of CSR expenditures and activities, aligning with Aequus Limited's corporate social responsibility objectives.
Aequus Limited, being a subscriber to the Memorandum of Association of Aequus Foundation, aims to restore the same stake it held at the time of the foundation's incorporation. The transaction has been conducted on an arm's length basis, supported by a valuation report obtained from an independent Chartered Accountant.
Regulatory Compliance
The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. No governmental or regulatory approvals are required for this acquisition. The detailed disclosure has been made available on the company's website at www.aequus.com/investor/ .
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