Regional Director rejects Aequs amalgamation scheme with three subsidiaries

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AEQUS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹266.40

prior close

₹265.25

announcement price

After-mkt

timing

Nifty Microcap 250market+0.7%-1.5% vs market

Aerospace & Defense peers, median of 25sector+1.1%-1.9% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.9 pts less than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+2.5

15m

+2.0

30m

+3.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.7-1.5+1.1-1.9

Next day

-2.8-1.0-1.8-0.5-2.3

-1.5-0.3-1.2-0.8-0.7

-3.7-1.9-1.8-2.3-1.4

-7.2-4.5-2.7-5.4-1.7

-7.7-5.5-2.2-7.0-0.6

-9.7-7.3-2.4-9.2-0.6

15d

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UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Aequs Limited's scheme to merge three wholly-owned subsidiaries (AeroStructures Manufacturing India, Aequs Engineered Plastics, and Aequs Force Consumer Products) with itself has been rejected by the Regional Director under Section 233 of the Companies Act. Reasons include shareholder approval at 88.9% against the required 90%, issues with postal ballot delivery confirmation, pending labour court cases against one transferor, and no NOC from BSE and NSE. Company says no material impact on operations and is evaluating next steps, including refiling or moving to Section 232 route.

Likely market impact

Amalgamation with three subsidiaries rejected by Regional Director; company says no material impact on operations and may refile or use alternate route.