Aequs Limited has informed the Exchange about General Updates
AEQUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aequs Limited has made an additional investment of INR 10 crore (1 crore shares at INR 10 each) in its wholly owned subsidiary, Aequs Force Consumer Products Private Limited (AFCPPL), through a rights issue. The subsidiary is engaged in manufacturing consumer products and toys. AFCPPL reported a turnover of INR 21.2 crore for FY 2024-25 with a loss after tax of INR 21.4 crore and networth of INR 3.2 crore. The subsidiary's revenue has been declining over three years from INR 75.5 crore in FY 2022-23 to INR 62.3 crore in FY 2023-24 and INR 21.2 crore in FY 2024-25. The investment is part of the utilization of IPO proceeds and will be used for the subsidiary's working capital and operational requirements.
This investment strengthens the holding company's position in its consumer products subsidiary but comes amid significant subsidiary losses and declining revenues, which may raise concerns about capital deployment efficiency for shareholders.