Merger23 Apr 2026, 07:51 pm
Aequs Board approves amalgamation of 3 wholly-owned subsidiaries
AI Summary
Aequs Limited's Board has approved the amalgamation of its three wholly-owned subsidiaries – AeroStructures Manufacturing India Private Limited, Aequs Engineered Plastics Private Limited, and Aequs Force Consumer Products Private Limited – with the parent company. This strategic move, subject to shareholder and regulatory approvals, aims to streamline operations. As of March 31, 2025, the combined turnover of these subsidiaries was ₹5,841 million. The transaction is exempt from related party transaction norms under SEBI regulations.
Key Highlights
- Aequs Board approved amalgamation of three wholly-owned subsidiaries.
- Subsidiaries include AeroStructures, Engineered Plastics, and Force Consumer Products.
- Combined subsidiary turnover was ₹5,841 million as of March 31, 2025.
- The amalgamation is subject to shareholder and regulatory approvals.
- Transaction is exempt from related party norms under SEBI regulations.