Aequs Limited has informed the Exchange regarding Notice of Postal Ballot
AEQUS · price
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Awaiting price reaction for this filing.
Aequs Limited has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting (Feb 26, 2026 to Mar 27, 2026) on 7 resolutions. Key items include ratification and amendment of the ESOP 2025 plan covering up to 2,04,00,000 (2.04 crore) employee stock options, extending ESOP benefits to employees of holding and subsidiary companies, and approving secondary acquisition of up to 29,091,447 equity shares (about 5% of paid-up capital) through a trust route for ESOP implementation. The company is also seeking approval to fund the ESOP trust up to 5% of paid-up capital and free reserves. Other resolutions cover granting certain shareholders the right to nominate a director (subject to holding at least 26% on a fully diluted basis), alteration of Articles of Association (deleting pre-IPO Part B provisions and inserting a new Article 117A), and approval of material related party transactions with Aequs SEZ Private Limited worth up to ₹1,07,01,44,716 (~₹107 crore) for FY27. The company listed on NSE/BSE on December 10, 2025, and these resolutions largely formalize post-listing obligations.
Most items are post-IPO formalities and likely to pass, but shareholders should note the ₹107 crore related party transaction cap with Aequs SEZ and the potential dilution from the 2.04 crore ESOP pool. The 26% threshold for director nomination rights could entrench influence of pre-IPO investors like Aravind Melligeri and Amicus Capital. No immediate price-moving event, but voting outcome (due by March 31) will confirm governance structure.