Meeting Details

The Extra-Ordinary General Meeting of Aequs Limited was held on Thursday, October 22, 2026. The meeting commenced at 04:30 p.m. (IST) and concluded at 05:09 p.m. (IST). The meeting was conducted through video conference facility/other audio-visual means (OAVM) in compliance with MCA and SEBI circulars/notifications.

Proposed Resolution and Implications

The single resolution proposed was: 'To offer, issue and allot warrants convertible into equity shares to Mellwood Trustee Services Private Limited (trustee of Melligeri Private Family Foundation, Promoter of the company), on a preferential basis.' This was an Ordinary Resolution. The strategic rationale explained by Chairman Mr. Aravind S Melligeri involved capital infusion for the company. CFO Ms. Reenah Joseph explained the financial structure, utilization of proceeds, pricing, shareholding impact and governance safeguards relating to the warrant issue.

Voting Process

The Company provided members with electronic voting facilities through remote e-voting on the resolution. Members present at the EGM who had not cast votes through remote e-voting were provided an opportunity to cast votes during the EGM and for 15 minutes after the conclusion of the EGM. Ms. Isha Shrotriya, Partner at AASI & Co., Practicing Company Secretaries, was appointed as Scrutinizer for the voting process.

Key Voting Outcomes

The detailed voting results (remote e-voting and e-voting at the EGM) along with the Scrutinizer's Report were not available at the time of this disclosure. The document states that these results will be disseminated to the Exchanges and placed on the Company's website in due course upon receipt of the Scrutinizer's report.

Attendance and Participation

56 (Fifty-Six) members (including authorized representatives) attended the meeting through VC or OAVM. The requisite quorum was present.

Directors and Key Personnel Present

  • Mr. Aravind S Melligeri - Executive Chairman & CEO
  • Mr. Rajeev Kaul - Co-Founder & Managing 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 - Deputy Chief Financial Officer

By Invitation

  • Mr. Jijo George - Partner of Statutory Auditors Firm B S R & Co. LLP, Chartered Accountants
  • Mr. Pramod S M - Partner of Secretarial Auditors Firm BMP & Co. LLP, Company Secretaries
  • Ms. Isha Shrotriya - Scrutinizer, Partner of AASI & Co. Company Secretaries

Compliance Confirmation

The meeting was conducted in compliance with the provisions contained in various circulars/notifications issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The Notice convening the EGM was sent to members through electronic mode. The Company confirmed that the voting results and Scrutinizer's report will be filed upon receipt within stipulated time.

Additional Information

Company details: Aequs Limited (formerly Aequs Private Limited), CIN: L30305KA2000PLC026760

Corporate Office: Aequs SEZ, No. 437/A, Hattargi Village, Hukkeri Taluk, Belagavi - 591243, Karnataka

The announcement is available on the company website: https://www.aequs.com/investor/