Aequus Limited Completes ₹10.01 Crore Investment in Unmanned Aerial Vehicles Joint Venture

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. Share Type Quantity Face Value Premium Total Investment Equity Shares 10,000 ₹10 ₹90 ₹10,00,000 Seed Compulsorily Convertible Preference Shares 9,91,000 ₹10 ₹90 ₹9,91,00,000 Total Investment ₹10,01,00,000 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. Parameter Details Lead Partner Aequus Limited Investment Partners Accel India VIII (Mauritius) Ltd Vagus Defence Tech & Aerospace Fund I Ajna Aerospace & Defence Private Limited Agreement Date January 16, 2026 Investment Completion March 06, 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. 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/ . We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. 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