General Updates

October 09, 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: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), read with Schedule III, Part A, Para A (1) of the SEBI Listing Regulations, we would like to inform you that the Company has made a further investment of INR 15,75,00,000/- in Ajna Aerospace & Defence Private Limited, a Joint Venture of the Aequs Limited (“the Company”), through rights issue. In this regard, Ajna Aerospace & Defence Private Limited, has allotted 45,00,000 partly paid-up equity shares to the Company, on a rights basis, at an issue price of INR 100/- per equity share and out of the said issue price of INR 100 per equity share, INR 35/- per equity share, aggregating to an amount of INR 15,75,00,000/- has been paid by the Company. The details as required under Regulation 30 read with Part A, Para A of Schedule Ill of the SEBI Listing Regulations, 2015 and SEBI Circular No SEBI/HO/CFD/PoD2/I/3762/2026 dated January 30, 2026, as Annexure A. 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/ 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 Sr. Particulars Details a. Name of the target entity, details in brief Name: Ajna Aerospace & Defence Private Limited such as size, turnover etc. (“AADPL”) CIN: U30400KA2025PTC209996 Details as on March 31, 2026 (Audited): a) Turnover: INR 0.02 Crore b) Loss after tax: INR 0.99 Crore c) Net worth: INR 28.84 Crore b. Whether the acquisition would fall within Aequs Limited has invested in AADPL, a Joint Venture related party transaction(s) and whether the of the Company under the rights issue offer made by promoter/ promoter group/ group AADPL and AADPL being a Joint Venture, is a related companies have any interest in the entity party of the Company. being acquired? If yes, nature of interest and details thereof and whether the same is done Except to the extent of shares held by the Company in at “arm’s length” AADPL and Mr. Rajeev Kaul, Co-Founder & Managing Director, appointed as Nominee Director in AADPL, the promoter/promoter group/group companies of the Company have no interest in AADPL. c. Industry to which the entity being acquired AADPL belongs to the industry of manufacturing of belongs Unmanned Aerial Vehicles (UAVs), Unmanned Aircraft Systems (UAS), and other autonomous or remotely operated aerial platforms, together with all related subsystems, components, payloads, software, hardware, and accessories, for use across defence, security, industrial, and civilian applications. d. Objects and impact of acquisition (including For capital expenditure, operational expenditure and but not limited to, disclosure of reasons for other general corporate and business requirements of acquisition of target entity, if its business is AADPL. outside the main line of business of the listed entity) e. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition f. Indicative time period for completion of the Not Applicable acquisition g. Consideration - whether cash consideration Cash or share swap or any other form and details of the same 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 h. Cost of acquisition or the price at which the 45,00,000 partly paid-up equity shares have been shares are acquired allotted to the Company on a rights basis, at an issue price of INR 100/- per equity share, of which INR 35/- per equity share, constituting 35% of the Issue Price, aggregating to an amount of INR 15,75,00,000/- has been paid as Application Money. The Balance INR 65/- per equity share, constituting 65% of the Issue Price shall be paid by way of one or more subsequent calls to be made by AADPL within 12 (Twelve) months from the date of allotment i.e. October 09, 2026. i. Percentage of shareholding / control There will be no change in the percentage of acquired and / or number of shares acquired shareholding of the Company in AADPL. It will continue to remain as a Joint Venture of the Company. j. Brief background about the entity acquired Brief Background about the entity: AADPL is a newly in terms of products/line of business incorporated company and the said company has acquired, date of incorporation, history of been incorporated to carry out the business of (i) last 3 years turnover, country in which the sourcing, acquiring, licensing intellectual property acquired entity has presence and any other rights for unmanned aerial vehicles from overseas significant information (in brief) licensors and owners; (ii) developing own IP; and (iii) manufacturing, assembling, testing, marketing and selling unmanned aerial vehicles (“UAVs”) and related products in India and internationally in accordance with applicable laws. Date of Incorporation: October 22, 2025 Consolidated Total Income of last 3 years: Consolidated total income for the last three financial years is not applicable, as the Company was incorporated on October 22, 2025 and has not yet completed three years since its incorporation. However, the consolidated total income for the FY 2025-26 was INR 0.02 Crore Country in which the acquired entity has presence: India 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