Aequs Limited has informed the Exchange about General Updates
AEQUS · price
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Aequs Limited has invested ₹10.01 crore in its joint venture with Accel India VIII (Mauritius) Ltd, Vagus Defence Tech & Aerospace Fund I, and Ajna Aerospace & Defence Private Limited. The investment was made by subscribing to 10,000 equity shares and 9,91,000 seed compulsorily convertible preference shares, each with a face value of ₹10 at a ₹90 premium (₹100 per share). The shares were allotted on March 6, 2026. This JV focuses on the drone/UAV business, including sourcing and licensing IP from overseas, developing proprietary IP, and manufacturing, assembling, testing, and selling UAVs in India and internationally. This follows earlier intimations dated January 16, 2026 (JV agreement) and February 27, 2026 (letter of subscription).
This signals Aequs's strategic expansion into the defence and aerospace (drone) sector with backing from prominent investors. Shareholders should view this as a forward-looking growth move, though execution and capital deployment outcomes in the UAV space will need to be tracked over time.