Meeting Details

  • Date: Thursday, October 22, 2026
  • Time: 04:30 P.M. (IST)
  • Location: Conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM)
  • Type: Extra-Ordinary General Meeting
  • Deemed Venue: Registered Office of the Company - Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post, Bengaluru – 560048, Karnataka, India

Proposed Resolutions and Implications

ITEM NO. 1: Special Resolution for Preferential Warrant Issue

The EGM will consider one special resolution 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.

Key Terms of the Issue:

  • Number of Warrants: Up to 28,071,690 warrants
  • Price per Warrant: INR 231.55 (including premium of INR 221.55)
  • Total Issue Size: INR 6,499,999,819.50 (approximately INR 650 crore)
  • Conversion Ratio: 1 Warrant = 1 Equity Share of face value INR 10
  • Relevant Date for Pricing: Tuesday, September 22, 2026 (30 days prior to EGM date)

Payment Structure:

  • Warrant Subscription Amount (50% upfront): INR 115.78 per warrant, totaling INR 3,250,140,268.20
  • Warrant Exercise Amount (balance): INR 115.77 per warrant, totaling INR 3,249,859,551.30
  • Conversion Period: On or before December 31, 2027

Utilization of Proceeds:

  • Capital Expenditure: INR 2,890,000,000 (within 18 months)
  • Investment in Joint Ventures: INR 1,000,000,000 (within 18 months)
  • Working Capital Requirements: INR 1,000,000,000 (within 18 months)
  • General Corporate Purposes: INR 1,609,999,819.50 (within 18 months)

Regulatory Compliance:

  • The issue complies with Sections 23(1)(b), 42, and 62(1)(c) of the Companies Act, 2013
  • Follows SEBI ICDR Regulations, 2018 and SEBI Listing Regulations, 2015
  • CARE Ratings Limited appointed as monitoring agency for proceeds utilization
  • Pre-issue promoter shareholding: 59.09%
  • Post-issue promoter shareholding (upon full conversion): 60.73%
  • No change in control or management of the Company

Voting Process and Methods

Remote E-Voting Schedule:

  • Commencement: Monday, October 19, 2026, at 9:00 a.m. (IST)
  • End: Wednesday, October 21, 2026, at 5:00 p.m. (IST)

Voting Methods Available:

  • Remote e-voting through NSDL/CDSL platforms for demat holders
  • E-voting through KFin Technologies platform for physical shareholders and non-individual members
  • E-voting during the EGM through VC/OAVM facility

Cut-off Date for Voting Rights: Thursday, October 15, 2026

Scrutinizer Appointment and Role

  • Scrutinizer: CS Isha Shrotriya (or CS Adithya K P in her absence) of M/s. AASI & Co. LLP
  • Role: To scrutinize the remote e-voting process and voting during EGM in a fair and transparent manner
  • Timeline: Scrutinizer to submit consolidated report within 2 working days from EGM conclusion
  • Result Declaration: Chairperson or authorized person will declare results forthwith after countersigning scrutinizer's report

Compliance with Laws and Regulations

The disclosure confirms compliance with:

  • SEBI Listing Regulations, 2015 (Regulation 30)
  • Companies Act, 2013 (Section 102 and related provisions)
  • SEBI ICDR Regulations, 2018 (Chapter V)
  • MCA General Circulars permitting VC/OAVM meetings
  • Companies (Management and Administration) Rules, 2014
  • Secretarial Standard-2 on General Meetings

Additional Information

  • The notice is being sent only through electronic mode to members with registered email addresses
  • No provision for appointment of proxies since meeting is through VC/OAVM
  • Members can register for speaker registration from October 19-21, 2026
  • Questions can be posted prior to EGM through the KFin platform
  • All meeting documents available on company website: https://www.aequs.com/investor
  • Results will be posted on company website and forwarded to stock exchanges immediately after declaration