Intimation regarding investment by Aequs Limited in Aequs Cookware Private Limited, a Joint Venture, through Rights Issue.
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Aequs Limited has made an additional investment of INR 9.3 crore (approximately ₹9.3 crore) in its Joint Venture, Aequs Cookware Private Limited (ACPL), through a rights issue. The company subscribed to 18,16,761 equity shares at INR 51.19 per share. ACPL, incorporated in June 2024, is in the business of manufacturing cookware, kitchenware appliances, and cooking utensils. For FY 2024-25, ACPL reported a turnover of INR 16 crore with a loss after tax of INR 5.57 crore and networth of INR 4.87 crore. The investment is part of the utilisation of IPO proceeds as specified in the company's prospectus dated December 5, 2025. The company's shareholding in ACPL will continue to remain at 50%, maintaining it as a Joint Venture. The transaction was approved by the Audit Committee on March 18, 2026, and is classified as a related party transaction conducted at arm's length.
This investment increases Aequs Limited's financial commitment to its cookware JV without changing its stake. While the JV is currently loss-making, the use of IPO proceeds for operational funding suggests strategic intent to scale the cookware business. Shareholders should monitor whether this investment generates returns, as it currently represents a drag on profitability.