Meeting Details
The 26th AGM of Aequs Limited was held on Friday, September 04, 2026, from 4:00 pm (IST) to 5:11 pm (IST). The meeting was conducted entirely through Video Conferencing (VC)/ Other Audio-Visual Means (OAVM).
Attendees
Directors and Key Managerial Personnel Present:
- Mr. Aravind S Melligeri, Executive Chairman & CEO
- Mr. Rajeev Kaul, Co-Founder & Managing Director
- Dr. Ajay Aravind Prabhu, Non-Executive Director
- Dr. Eberhard Klaus Richter, Independent Director and Chairperson of Nomination and Remuneration Committee
- Ms. Vidya Sarathy, Independent Director and Chairperson of Audit Committee
- Dr. Anup Wadhawan, Independent Director and Chairperson of Stakeholder Relationship Committee
- Mr. Ravi Mallikarjun Hugar, Company Secretary & Compliance Officer
- Ms. Reenah Simon Joseph, Chief Financial Officer
In Attendance:
- Mr. Harish Bang, Vice President, Finance & Accounts
By Invitation:
- Mr. Sampad Guha Thakurta, Partner of Statutory Auditors Firm B S R & Co. LLP, Chartered Accountants
- Mr. Pramod S M, Scrutinizer and Partner of Secretarial Auditors Firm BMP & Co. LLP, Company Secretaries
Members Present:
A total of 41 (Forty-One) members, including authorized representatives, attended the meeting virtually.
Summary of Proceedings and Resolutions
The meeting was chaired by Mr. Aravind S Melligeri. The Company Secretary confirmed the meeting was held in compliance with MCA and SEBI circulars. It was announced that the statutory auditors, B S R & Co. LLP, had no qualifications or adverse remarks in their report on the financial statements for FY ended March 31, 2026.
Members were provided the facility for remote e-voting on all resolutions. Those present at the AGM who had not voted remotely were given an opportunity to vote during the meeting and for 15 minutes after its conclusion.
The Chairman addressed shareholders on the company's FY26 performance, Vision 2031, and the road ahead. The Managing Director, Mr. Rajeev Kaul, addressed the operational performance. Member queries were answered by the management.
The following 12 items of business from the Notice of AGM dated August 07, 2026, were transacted. The results were to be filed upon receipt of the scrutinizer's report.
| Item No. | Description | Resolution Type |
| 1 | Adoption of the Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, and the Reports of the Board of Directors and Auditors thereon | Ordinary |
| 2 | Appointment of Mr. Rajeev Kaul (DIN: 01468590) as a Director liable to retire by rotation | Ordinary |
| 3 | Appointment of M/s. BMP & Co. LLP, Practicing Company Secretaries, as secretarial auditors of the company | Ordinary |
| 4 | Approval for adoption of 'Aequs Restricted Stock Unit Plan 2026' and Its implementation through Trust | Special |
| 5 | Approval for grant of RSUs to the employees of the Subsidiary Company(ies) under 'Aequs RSU Plan 2026' | Special |
| 6 | Approval for grant of RSUs to the employees of the Associate Company(ies) under 'Aequs RSU Plan 2026' | Special |
| 7 | Approval for utilizing shares held by the Aequs Stock Option Plan Trust for the 'Aequs RSU Plan 2026' | Special |
| 8 | Approval for provision of money by the company to Aequs Stock Option Plan Trust for the 'Aequs RSU Plan 2026' | Special |
| 9 | Approval for amendment of "Aequs Employee Stock Option Plan 2025" ("ESOP 2025") | Special |
| 10 | Approval for extension of benefits of "ESOP 2025" to the employees of Associate Companies of the Company | Special |
| 11 | Approval for change in the main object clause of Memorandum of Association of the Company | Special |
| 12 | Approval of material related party transactions with Aequs SEZ Private Limited | Ordinary |
Voting Process and Scrutinizer
The voting was conducted electronically via remote e-voting. Mr. Pramod S M, Partner of BMP & Co. LLP, was appointed as the Scrutinizer to scrutinize the e-voting process. The report from the scrutinizer was awaited at the time of this disclosure.
Compliance and Signatories
The Company Secretary confirmed the meeting was conducted in compliance with the Companies Act and SEBI LODR Regulations. The disclosure is signed by Mr. Ravi Mallikarjun Hugar, Company Secretary & Compliance Officer (Membership Number: A20823).