Preferential issue

September 25, 2026 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, 20th Floor, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 NSE Scrip Symbol: AEQUS BSE Scrip Code: 544634 Subject: Outcome of meeting of Board of Directors of Aequs Limited (“the Company”) held on September 25, 2026 Ref.: Disclosure under Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/ Ma’am, In furtherance of our intimation dated September 21, 2026, and pursuant to Regulation 30 and other applicable provisions of the SEBI Listing Regulations read with Schedule III thereof, this is to inform you that the Board of Directors of the Company at its meeting held today, i.e., September 25, 2026, which commenced at 17:00 HRS (IST) and concluded at 17:45 HRS (IST), have inter-alia considered and approved the following: 1. Preferential issue of upto 28,071,690 (Twenty-Eight Million Seventy-One Thousand Six Hundred Ninety) Warrants, each convertible into 01 (One) fully paid-up equity share of the Company of face value of INR 10/- (Indian Rupees Ten only) each (“Warrants”) at an issue price of INR 231.55/- (Indian Rupees Two Hundred Thirty-One and Paisa Fifty-Five only) each (“Warrants Issue Price”), (including a premium of INR 221.55/- (Indian Rupees Two Hundred Twenty-One and Paisa Fifty-Five only) each) per Warrant aggregating to INR 6,499,999,819.50 /- (Indian Rupees Six Billion Four Hundred Ninety-Nine Million Nine Hundred Ninety-Nine Thousand Eight Hundred Nineteen and Paisa Fifty only) payable in cash to the below mentioned subscriber (“Investor”), at Warrants Issue Price determined in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 on such terms and conditions as Board may deem fit in its absolute discretion and subject to approval of shareholders of the Company and such other statutory, regulatory and/or other approvals as may be required including in-principle approval from the Stock Exchanges: Sr. No. of Investment Amount Name of the Investor Category No. Warrants (in INR) Mellwood Trustee Services Private Limited 1. Promoter 28,071,690 6,499,999,819.50/- (Trustee of Melligeri Private Family Foundation) Further, a minimum amount of INR 3,250,000,000 /- (Indian Rupees Three Billion Two Hundred Fifty Million only) shall be paid at the time of subscription and allotment of Warrants. The Warrants holder will be required to make balance consideration at the time of exercise of the right attached to the Warrant(s), to convert the Warrant(s) into equity share(s) of the Company (“Warrant Exercise Amount”). Aequs Limited (formerly known as Aequs Private Limited) Corporate Identity Number: L80302KA2000PLC026760 Registered Office: Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post, Bengaluru - 560048, Karnataka, India T: + 91 080 61348000 Corporate Office: Aequs SEZ, No. 437/A, Hattargi Village, Hukkeri Taluk, Belagavi – 591243, Karnataka, India T: +91 0831 4222500 Website: www.aequs.com Email: investor.relations@aequs.com In accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Relevant Date for determining the floor price for the issuance of the subscription Warrants is Tuesday, September 22, 2026. Details required under Regulation 30 read with Para A of Schedule III (Part A) of SEBI Listing Regulations, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure - A. 2. Convening the Extra-Ordinary General Meeting (“EGM”) of the Company on Thursday, October 22, 2026, through Video Conferencing (VC) or Other Audio Visual Means (OAVM), for approval of the aforesaid preferential issue. Further the details pertaining to the EGM will be informed in due course. This intimation will also be made available on the website of the Company and can be accessed using the below link: https://www.aequs.com/investor/ We kindly request you to take this intimation on record. Thanking You, For Aequs Limited Ravi Mallikarjun Hugar Company Secretary & Compliance Officer Membership Number: A20823 Encl.: As above Aequs Limited (formerly known as Aequs Private Limited) Corporate Identity Number: L80302KA2000PLC026760 Registered Office: Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post, Bengaluru - 560048, Karnataka, India T: + 91 080 61348000 Corporate Office: Aequs SEZ, No. 437/A, Hattargi Village, Hukkeri Taluk, Belagavi – 591243, Karnataka, India T: +91 0831 4222500 Website: www.aequs.com Email: investor.relations@aequs.com Annexure A Particulars Disclosures Type of securities proposed to be issued 1. Warrants convertible into equity shares of the Company (viz. equity shares, convertibles etc.) Type of issuance (further public offering, rights issue, depository receipts (ADR / 2. Preferential Issue GDR), qualified institutions placement, preferential allotment etc.) Upto 28,071,690 (Twenty-Eight Million Seventy-One Thousand Six Hundred Ninety) warrants, each convertible into, 01 (One) fully paid-up equity share of the Company Total Number of Securities proposed to of face value of INR 10/- (Indian Rupees Ten only) each be issued or the total amount for which (“Warrants”) at an issue price of INR 231.55/- including a the securities will be issued premium of INR 221.55/- per warrant aggregating to (approximately) INR 6,499,999,819.50 /- (Indian Rupees Six Billion Four Hundred Ninety-Nine Million Nine Hundred Ninety-Nine Thousand Eight Hundred Nineteen and Paisa Fifty only) payable in cash. Mellwood Trustee Services Private Limited (Trustee of 4. Names of the Investor Melligeri Private Family Foundation, Promoter of the Company) Post allotment of securities - outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors Post-Issue Shareholding No. of Shares % of Shareholding** 128,584,760 18.40%* *Assuming all Warrants fully paid and converted into equity shares of the Company ** Investor is part of the promoter group of the Company. The pre-allotment shareholding held by the promoter and promoter group in the Company is 59.09%, which will 5A. Post Issue shareholding increase to 60.73% pursuant to the conversion of all the warrants allotted into equity shares of the Company by Investor. For avoidance of doubt, the Warrants do not carry any voting rights. Any change in voting rights will occur only upon conversion of the Warrants into Equity Shares Pre-issue shareholding of Investor – 100,513,070 (14.99%) Shareholding of the Investor post conversion of Warrants into Equity Shares – 128,584,760 (18.40%) Aequs Limited (formerly known as Aequs Private Limited) Corporate Identity Number: L80302KA2000PLC026760 Registered Office: Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post, Bengaluru - 560048, Karnataka, India T: + 91 080 61348000 Corporate Office: Aequs SEZ, No. 437/A, Hattargi Village, Hukkeri Taluk, Belagavi – 591243, Karnataka, India T: +91 0831 4222500 Website: www.aequs.com Email: investor.relations@aequs.com INR 231.55/- per warrant. The Issue Price is the floor price determined under Regulation 164 of the SEBI (Issue of Capital and Disclosure 5B. Issue price Requirements) Regulations, 2018 — the higher of the 90- trading-day and the 10-trading-day volume weighted average price of the Company’s shares preceding the relevant date of September 22, 2026. 5C. Number of Investor 1 (One) Each Warrant will be convertible into 1 (one) fully paid-up equity share of the Company of face value of INR 10/- (Indian Rupees Ten only), which may be exercised in one or more tranches at any time on or before December 31, 2027. In case of convertibles, Intimation on If the entitlement against the Warrants to apply for the 6. conversion of securities or on l [Showing first 8,000 characters — download PDF for full document]