Aequs Limited to hold EGM on Oct 22, 2026, to approve preferential issue of warrants worth ₹650 crore
Aequs Limited will hold an EGM on October 22, 2026, to approve a preferential issue of up to 28,071,690 warrants convertible into equity shares to Mellwood Trustee Services Private Limited. The issue is valued at approximately ₹650 crore at a price of ₹231.55 per warrant. Remote e-voting will be open from October 19 to October 21, 2026.
The preferential issue involves a substantial amount (approximately ₹650 crore) and is being offered to a promoter, which can significantly impact the company's capital structure and future equity dilution.
The announcement pertains to a significant preferential issue of warrants, which is a form of equity fundraising. This is generally viewed positively as it indicates the company is raising capital for growth or strategic initiatives.
Aequs Limited has announced that its Extra-Ordinary General Meeting (EGM) will be held on Thursday, October 22, 2026, at 04:30 p.m. IST, through Video Conferencing or Other Audio-Visual Means.
The primary agenda for the EGM is to consider and approve a preferential issue of up to 28,071,690 warrants convertible into equity shares. These warrants will be offered to Mellwood Trustee Services Private Limited, the trustee of Melligeri Private Family Foundation, a promoter of the company.
Each warrant will be convertible into one equity share at a price of ₹231.55 per warrant, including a premium of ₹221.55. The total value of this preferential issue is expected to be ₹6,499,999,819.50 (approximately ₹650 crore).
The company has set Tuesday, September 22, 2026, as the relevant date for determining the floor price for this preferential issue. The warrant holders will be required to pay ₹115.78 per warrant at the time of subscription, with the remaining ₹115.77 payable at the time of exercising the conversion rights.
The warrants are exercisable on or before December 31, 2027. The company has also provided a detailed schedule for remote e-voting, commencing on Monday, October 19, 2026, at 9:00 a.m. IST, and concluding on Wednesday, October 21, 2026, at 5:00 p.m. IST.
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Aequs Limited filed this with the NSE as a statutory disclosure, categorised under egm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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