Aequs Limited has informed the Exchange about reports received from CARE Ratings Limited in respect of long-term and short-term bank facilities of Aequs Limited and its two material subsidiaries ....
AEQUS · price
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CARE Ratings has placed the long-term and short-term bank facility ratings of Aequs Limited (CARE BBB-) and its two material subsidiaries on Rating Watch with Developing Implications (RWD). The rating watch follows Aequs' announcement of a scheme of amalgamation between AeroStructures Manufacturing India Private Limited, Aequs Engineered Plastics Private Limited, and Aequs Force Consumer Products with itself. CARE Ratings is evaluating the consolidated credit profile of Aequs and will update the rating once there is clarity on the implications. The company raised ₹814 crore cumulatively through IPO and pre-IPO issuances in Q3FY26, of which approximately ₹450 crore was used to repay debt. Consolidated revenue declined from ₹968.40 crore in FY24 to ₹929.83 crore in FY25, with the company reporting a PAT loss of ₹102.42 crore in FY25.
The rating watch indicates uncertainty about the company's credit profile pending the amalgamation and evaluation of consolidated business prospects. Shareholders should monitor the consolidation process and performance of the ATP project, as the final rating could go either direction depending on outcomes.