Aequs Limited has allocated approximately 9.3 crore INR towards its joint venture in the cookware sector through a rights issue, acquiring around 1.82 million shares at 51.2 INR each. This investment follows the joint venture's reported 16-crore turnover for FY25 and is funded by proceeds from their initial public offering (IPO).
Aequs Limited
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On May 26, 2026, Aequs Ltd will reveal their audited financial results following a board meeting. Investors should note that trading activities for the company will be suspended for 48 hours post-results announcement.
Kotak Securities has set a target price of ₹240 for Aequs and recommends buying the stock, attributing this decision to an impressive order book of ₹3,500 crores. The growth in margins during Q4, as indicated by recent analysis, has led to a 6% increase in Aequs' share price, highlighting its potential for improved profitability.
Aequs Limited has released its Q4 FY26 financial results and declared a dividend, with updates on the Follow-On Public Offer (FPO) provided but no other significant information shared. This announcement was made on the National Stock Exchange (NSE) India.
CARE Ratings has placed Aequs Ltd's credit rating on watch due to uncertainty about their consolidated credit profile. To streamline its structure, Aequs Ltd has announced a merger plan involving subsidiaries. The company successfully raised ₹814 crores in IPO and pre-IPO funds for debt reduction.
Aequs Ltd has infused 92.3 million INR into its subsidiary through a rights issue, aiming to support the subsidiary's operations despite reporting a loss of 28.5 crores and a turnover of 54.7 crores in FY25, with no alteration in shareholding.
Aequs confirms its share price fluctuations are primarily due to market conditions, not internal decisions. Currently, they have no substantial or price-influencing information to publicly disclose.
Aequs Ltd has invested 5.37 crores in its subsidiary via a rights issue, however, the subsidiary reported a loss of 28.5 crores during FY24-25 despite generating 54.65 crores in revenue.