Allotment of Securities

November 05, 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) in relation to the allotment of 28,071,690 Warrants convertible into Equity Shares on a preferential basis Dear Sir/ Madam, This is in furtherance to our intimation dated September 25, 2026, regarding the outcome of the meeting of the Board of Directors, our intimation dated September 29, 2026 regarding the notice of the extra-ordinary general meeting (“EGM”), our intimation dated October 16, 2026 regarding the corrigendum to the notice of the EGM, our intimation dated October 22, 2026 regarding the outcome of the EGM, our intimation dated October 23, 2026 regarding the submission of Scrutinizer Report and Voting Results in respect of the EGM and pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, as amended, we wish to inform that the Board of Directors of the Company vide circular resolution passed today i.e., November 05, 2026 has approved the allotment of 28,071,690 (Twenty-Eight Million Seventy-One Thousand Six Hundred Ninety) Warrants convertible into Equity Shares (‘’Warrants’’), each carrying a right to subscribe to one Equity Share per Warrant, at an issue price of INR 231.55/- (Indian Rupees Two Hundred Thirty-One and Paise Fifty-Five only) each including a premium of INR 221.55/- (Indian Rupees Two Hundred Twenty-One and Paise Fifty Five only) each per Warrant (“Warrant Price”), 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 Paise Fifty only) to the following allottee, in the manner set out in the table hereunder. Pursuant to the terms of Warrants as approved by the Board of Directors and Shareholders, not less than 50% (fifty percent) of the Warrant Issue Price were to be paid at the time of subscription of the Warrants, and the remaining amount, of the Warrant Issue Price, shall be payable by the Warrant holder upon exercise of the Warrants on or before December 31, 2027, in accordance with the terms of the issue. Sr. Name of the Class of Number of Aggregate Subscription Total subscription No Allottee Security Warrant Amount amounts received on accepted and the date of allotment subscribed to in the offer 1 Mellwood Trustee Warrants 28,071,690 INR 6,499,999,819.50/- INR 3,250,140,268.20/- Services Private convertible (Indian Rupees Six Billion (Indian Rupees Three Limited (Trustee of into Equity Four Hundred Ninety-Nine Billion Two Hundred Fifty Melligeri Private Shares Million Nine Hundred Million One Hundred Family Foundation) ‘’Warrants”) Ninety-Nine Thousand Forty Thousand Two Eight Hundred Nineteen Hundred Sixty-Eight and and Paise Fifty only) Paise Twenty only) * * Being not less than 50% of the aggregate amount payable for subscription of the Warrants, as the upfront payment. Aequs Limited (formerly known as Aequs Private Limited) Corporate Identity Number: L30305KA2000PLC026760 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 line with the Regulation 28(1) of SEBI Listing Regulations, the Company has received in-principle approvals from the National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) vide their letters, each dated November 03, 2026, in relation to the issue of the aforesaid Warrants convertible to equity shares on a preferential basis. The paid-up equity share capital of the Company will remain unchanged at INR 6,706,656,350 divided into 670,665,635 Equity Shares of INR 10 each, since the Warrants do not carry voting rights and do not form part of the paid-up equity share capital until conversion. Upon full exercise and conversion of all the Warrants, the paid- up equity share capital will be INR 6,987,373,250 divided into 698,737,325 Equity Shares of INR 10 each. The Warrants shall remain unlisted, and the equity shares allotted on conversion of the Warrants shall be listed on the NSE and BSE, upon receipt of the listing approvals, that will be obtained at the relevant point in time. The equity shares allotted on conversion of the Warrants, shall rank pari-passu, in all respects, with the existing equity shares of the Company. Further, the Warrants shall be locked in as specified under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The details pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended from time to time (“SEBI Circulars”) are provided in 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: L30305KA2000PLC026760 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 1 Type of securities Fully convertible warrants (each warrant convertible into 1 (one) Equity Share issued and allotted of the Company having face value of INR 10 (Rupees Ten each) (“Warrants”) (viz. equity shares, convertibles etc.) 2 Type of issuance Preferential Allotment (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) 3 Total no. of securities 28,071,690 (Twenty-Eight Million Seventy-One Thousand Six Hundred Ninety) issued or the total Warrants convertible into Equity Shares (‘’Warrants’’), each carrying a right to amount for which the subscribe to one Equity Share per Warrant, at an issue price of INR 231.55/- securities have been (Indian Rupees Two Hundred Thirty-One and Paise Fifty-Five only) each issued (including a premium of INR 221.55/- (Indian Rupees Two Hundred Twenty- (approximately) One and Paise Fifty Five only) each per Warrant (“Warrant Price”), 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 Paise Fifty only) Additional details in case of preferential issue: 4 Name of the Mellwood Trustee Services Private Limited (Trustee of Melligeri Private Family Investors Foundation, Promoter of the Company) Aequs Limited (formerly known as Aequs Private Limited) Corporate Identity Number: L30305KA2000PLC026760 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 5 Post allotment of A. Outcome of the subscription: Please refer to the table below: securities Sr. No. Pre-preferential issue Post-preferential issue* Mellwood Trustee 100,513,070 14.99% 128,584,760 18.40% Services Private Limited (Trustee of Melligeri Private Family Foundation) *The post-issue shareholding pattern [Showing first 8,000 characters — download PDF for full document]