Key Quantitative Figures - Standalone (₹ in Millions, except per share data)

Quarter Ended March 31, 2026 (Unaudited)

  • Revenue from operations: ₹367.09
  • Other income: ₹319.56
  • Total Income: ₹686.65
  • Total Expenses: ₹383.20
  • Profit before tax: ₹575.92
  • Profit for the period: ₹521.64
  • Basic EPS: ₹0.86
  • Diluted EPS: ₹0.85

Financial Year Ended March 31, 2026 (Audited)

  • Revenue from operations: ₹1,238.58
  • Other income: ₹545.34
  • Total Income: ₹1,783.92
  • Total Expenses: ₹1,228.05
  • Profit before tax: ₹560.29
  • Profit for the year: ₹497.99
  • Basic EPS: ₹0.82
  • Diluted EPS: ₹0.81
  • Paid-up equity share capital: ₹6,706.66

Key Quantitative Figures - Consolidated (₹ in Millions, except per share data)

Quarter Ended March 31, 2026 (Unaudited)

  • Revenue from operations: ₹3,671.03
  • Other income: ₹279.35
  • Total Income: ₹3,950.38
  • Total Expenses: ₹3,629.02
  • Loss before tax: ₹(332.77)
  • Loss for the period: ₹(537.21)
  • Basic & Diluted EPS: ₹(0.89)

Financial Year Ended March 31, 2026 (Audited)

  • Revenue from operations: ₹12,304.36
  • Other income: ₹653.79
  • Total Income: ₹12,958.15
  • Total Expenses: ₹11,413.65
  • Loss before tax: ₹(715.36)
  • Loss for the year: ₹(1,132.48)
  • Basic & Diluted EPS: ₹(1.87)
  • Paid-up equity share capital: ₹6,706.66

Dates of Action

  • Board Meeting: May 26, 2026 (14:30 HRS IST to 15:40 HRS IST)
  • Financial Period: Quarter and Year ended March 31, 2026

Parties Involved

  • Statutory Auditors: M/s. B S R & Co. LLP, Chartered Accountants
  • Stock Exchanges: National Stock Exchange of India Limited, BSE Limited

Purpose and Rationale

The Board meeting was convened to approve the standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, as required under SEBI Listing Regulations.

Significant Events and Notes

1. IPO Completion: During the quarter ended December 31, 2025 and year ended March 31, 2026, the Company completed an initial public offering (IPO) of 74,355,351 equity shares (face value ₹10 each) at an issue price of ₹124 per share. The issue comprised a fresh issue of 54,047,958 shares and an offer for sale of 20,307,393 shares. The Company raised ₹6,700.00 crore through the IPO.

2. Pre-IPO Placement: The Company raised ₹1,440.00 crore as part of Pre-IPO proceeds from the issue of 11,615,713 equity shares at an issue price of ₹123.97 per share.

3. IPO Expenses: The Company incurred ₹476.22 crore towards IPO expenses. Of this, ₹39.02 crore was expensed as an exceptional loss, and the balance ₹437.20 crore was reduced from Securities Premium as cost of the fresh issue.

4. Labour Code Impact: On November 21, 2025, the Government of India notified the four Labour Codes. The Company assessed an incremental impact on gratuity of ₹7.92 crore (standalone) and ₹37.93 crore (consolidated) primarily due to changes in wage definition, presented under 'Exceptional items'.

5. Scheme of Amalgamation: The Board, vide resolution dated April 23, 2026, approved the Scheme of Amalgamation of wholly owned subsidiaries (AeroStructures Manufacturing India Private Limited, Aequs Engineered Plastics Private Limited, and Aequs Force Consumer Products Private Limited) with the Company. Necessary approvals are pending as of the date of this filing.

6. Impairment Reversal: During the quarter and year ended March 31, 2026, the Company reversed a past impairment of ₹234.39 crore on investment in its joint venture SQuAD Forging India Private Limited due to improved performance.

7. Bonus Provision and Reversal: A provision of bonus amounting to ₹89.87 crore payable to the Executive Chairman and Chief Executive Officer was made in Q3 FY26 and reversed in Q4 FY26 due to voluntary waiver.

Auditor's Opinion

M/s. B S R & Co. LLP, Statutory Auditors of the Company, issued an unmodified opinion on both the standalone and consolidated financial results for the year ended March 31, 2026.

Additional Information

The detailed financial results, including statements of assets and liabilities, cash flow statements, and notes, are enclosed with the filing and available on the company's website at https://www.aequs.com/investor/.