Date: May 26, 2026 (Board Meeting), June 09, 2026 (Submission Date)

Board Meeting Outcomes

The Board of Directors of Aequs Limited at their meeting held on May 26, 2026 (14:30 HRS IST to 15:40 HRS IST) approved:

  • Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026
  • The financial results were reviewed and recommended by the Audit Committee

Financial Results (Standalone)

Income Statement Highlights (~ in Millions)

Year Ended March 31, 2026 (Audited) vs March 31, 2025 (Audited):

  • Revenue from operations: ₹1,238.58 vs ₹922.39 (34% increase)
  • Other income: ₹545.34 vs ₹195.72
  • Total income: ₹1,783.92 vs ₹1,118.11
  • Total expenses: ₹1,228.05 vs ₹843.94
  • Profit before exceptional items and tax: ₹372.84 vs ₹119.41
  • Exceptional items gain: ₹187.45 vs (₹824.92) loss
  • Profit before tax: ₹560.29 vs (₹705.51) loss
  • Total tax expense: ₹62.30 vs ₹35.27
  • Profit for the year: ₹497.99 vs (₹740.78) loss
  • Total comprehensive income: ₹499.14 vs (₹735.76) loss

Quarter Ended March 31, 2026 (Unaudited) vs Previous Quarters:

  • Q4 FY26: Profit of ₹521.64 million
  • Q3 FY26: Loss of (₹63.82) million
  • Q4 FY25: Loss of (₹805.90) million

Earnings Per Share (Face value: ₹10 each)

  • FY26 Basic: ₹0.82 vs FY25: (₹1.31)
  • FY26 Diluted: ₹0.81 vs FY25: (₹1.31)
  • Q4 FY26 Basic: ₹0.86
  • Q4 FY26 Diluted: ₹0.85

Balance Sheet Position as at March 31, 2026

  • Paid-up equity share capital: ₹6,706.66 million
  • Other equity: ₹11,970.32 million
  • Total equity: ₹18,676.98 million
  • Total assets: ₹19,968.17 million
  • Non-current assets: ₹17,799.84 million
  • Current assets: ₹2,168.33 million
  • Cash and cash equivalents: ₹998.82 million

Cash Flow Statement for FY26

  • Net cash generated from operating activities: (₹47.92) million
  • Net cash used in investing activities: (₹7,929.49) million
  • Net cash inflow from financing activities: ₹8,807.98 million
  • Net increase in cash and cash equivalents: ₹830.57 million

Financial Results (Consolidated)

Income Statement Highlights (~ in Millions)

Year Ended March 31, 2026 (Audited) vs March 31, 2025 (Audited):

  • Revenue from operations: ₹12,304.36 vs ₹9,246.06
  • Loss before tax: (₹715.36) vs (₹940.79)
  • Loss for the year: (₹1,132.48) vs (₹1,023.46)
  • Total comprehensive loss: (₹1,453.49) vs (₹1,076.69)

Segment Performance FY26:

  • Aerospace revenue: ₹10,463.75 million
  • Consumer revenue: ₹1,840.61 million
  • Aerospace segment result: ₹2,812.69 million
  • Consumer segment result: (₹782.73) million

Balance Sheet Position as at March 31, 2026

  • Total equity: ₹14,855.46 million
  • Total assets: ₹26,904.70 million
  • Total liabilities: ₹12,049.24 million
  • Cash and cash equivalents: ₹3,014.89 million

Significant Events and Disclosures

IPO Completion

  • During quarter ended December 31, 2025 and year ended March 31, 2026, completed IPO of 74,355,351 equity shares (face value ₹10 each) at issue price of ₹124 per share
  • Issue comprised fresh issue of 54,047,958 shares and offer for sale of 20,307,393 shares
  • Fresh issue included 176,991 equity shares issued to employees at discounted price of ₹113 per share
  • Total raised through IPO: ₹6,700.00 million
  • Pre-IPO proceeds: ₹1,440.00 million from issue of 11,615,713 equity shares at ₹123.97 per share
  • IPO expenses: ₹476.22 million, with ₹39.02 million expensed as exceptional loss and ₹437.20 million reduced from Securities Premium

Labour Code Impact

  • Government of India notified four Labour Codes on November 21, 2025
  • Incremental impact on gratuity of ₹7.92 million (standalone) and ₹37.93 million (consolidated) presented under exceptional items
  • Impact primarily due to change in wage definition

Amalgamation Plan

  • Board resolution dated April 23, 2026 approved Scheme of Amalgamation of three wholly-owned subsidiaries:
  • AeroStructures Manufacturing India Private Limited
  • Aequs Engineered Plastics Private Limited
  • Aequs Force Consumer Products Private Limited
  • Scheme yet to be filed with requisite authorities
  • Upon approval, subsidiaries will be subsumed into Aequs Limited and cease to exist as separate legal entities

Impairment Reversal

  • Reversed past impairment of ₹234.39 million on investment in joint venture SQuAD Forging India Private Limited due to improved performance

Bonus Provision and Reversal

  • Provision of ₹89.87 million for bonus to Executive Chairman and CEO for achieving listing target made in Q3 FY26 and reversed in Q4 FY26 due to voluntary waiver

Entities Included in Consolidation

The consolidated financial results include:

  • Holding Company: Aequs Limited
  • 16 Subsidiaries including Indian and foreign entities
  • 4 Joint Ventures
  • 1 Associate
  • Aequs Stock Option Plan Trust