Aequs Limited has informed the Exchange about General Updates
AEQUS · price
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Aequs Limited has signed a Letter of Subscription on February 27, 2026, to invest in Ajna Aerospace & Defence Private Limited (AADPL), a newly incorporated joint venture company (set up on October 22, 2025). AADPL operates in the unmanned aerial vehicles (UAV) and unmanned aircraft systems space, serving defence, security, industrial, and civilian applications. Aequs will invest ₹10.01 crore in cash — buying 10,000 equity shares and 9,91,000 Seed Compulsorily Convertible Preference Shares at ₹10 face value with a ₹90 premium per share. After this investment, Aequs will hold a 33.33% stake in AADPL on a fully diluted basis, alongside JV partners Accel India VIII (Mauritius) Ltd and Vagus Defence Tech & Aerospace Fund I. The deal is expected to close by March 31, 2026, and the transaction is not a related-party deal.
This is a strategic move into the high-growth drone and UAV segment, which is seeing strong tailwinds from India's defence modernisation push. While the ₹10 crore investment is small relative to Aequs's size, it gives the company exposure to a sunrise sector and could be a long-term value driver if the JV scales successfully.