Aequs Limited has informed the Exchange about customer intent to cease to place purchase orders
AEQUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aequs Limited's wholly-owned subsidiary Aequs Engineered Plastics Private Limited (AEPPL) has received communication from Hasbro S.A. expressing intent to cease placing purchase orders. AEPPL is actively in discussion with Hasbro to address this matter. The Master Supply Agreement executed on March 18, 2016 (amended May 12, 2023) has not been formally terminated. The company is assessing the potential impact as the future course of action is yet to be concluded between the parties. Hasbro is a significant customer for the subsidiary's engineered plastics products.
This is a negative development for Aequs Limited as Hasbro represents a major customer for its plastics subsidiary. If Hasbro follows through on its intent, it could materially impact AEPPL's revenue. Shareholders should monitor ongoing discussions for further clarity.