Aequus Limited has successfully completed its investment of ₹10.01 crore in a joint venture dedicated to the unmanned aerial vehicles (UAV) business. The company announced the completion of this strategic investment through a regulatory filing on March 06, 2026, marking a significant step in its expansion into the aerospace and defense sector.

Investment Structure and Share Allocation

The investment was structured through a combination of equity and preference shares, providing Aequus with a stake in the joint venture entity.

The shares were formally allotted to Aequus Limited on March 06, 2026, completing the subscription process that was initiated through a Letter of Subscription executed on February 27, 2026.

Joint Venture Partnership Details

The joint venture represents a collaboration between multiple entities in the aerospace and defense sector. The partnership was established through joint venture and shareholders agreements executed in January 2026.

Business Scope and Operations

The joint venture is designed to operate across the entire UAV value chain, from intellectual property acquisition to manufacturing and international sales. The business scope encompasses several key areas:

• Intellectual Property Management: Sourcing, acquiring, and licensing intellectual property rights for unmanned aerial vehicles from overseas licensors and owners
• Research and Development: Developing proprietary intellectual property for UAV technologies
• Manufacturing Operations: Manufacturing, assembling, and testing unmanned aerial vehicles and related products
• Market Expansion: Marketing and selling UAV products both in India and international markets in accordance with applicable laws

Regulatory Compliance and Disclosure

The investment announcement was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Aequus Limited has ensured full transparency by making the announcement available on its corporate website at www.aequus.com/investor/ . The company maintains its listing on both the National Stock Exchange of India Limited (NSE Scrip Symbol: AEQUS) and BSE Limited (BSE Scrip Code: 544634), ensuring comprehensive market disclosure of this strategic investment.

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.

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:

Historical Performance

Aequus Foundation has maintained consistent revenue generation over the past three years:

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/ .