Aequs Limited has informed the Exchange about General Updates
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Aequs Limited has invested INR 9.23 crore (approximately INR 92.3 million) in its wholly owned subsidiary, Aequs Engineered Plastics Private Limited (AEPPL), through a rights issue. The company subscribed to 92,32,117 equity shares at INR 10 per share. This investment is being funded using proceeds from Aequs Limited's IPO as specified in its December 2025 prospectus. AEPPL, engaged in manufacturing plastic products and toys, reported turnover of INR 54.65 crore for FY 2024-25, down from INR 107.59 crore in FY 2023-24 and INR 135.60 crore in FY 2022-23. The subsidiary posted a loss of INR 28.48 crore and has negative net worth of INR -4.36 crore. The investment will support AEPPL's working capital and operational requirements.
This is an intra-group capital infusion using IPO proceeds to support a loss-making subsidiary with declining revenues. Shareholders should note that the investment does not change ownership structure but does represent deployment of IPO funds into a financially stressed subsidiary that continues to operate at a loss.