Aequs files warrant allotment after ₹325 crore upfront payment

Aequs has filed the allotment of promoter warrants after receiving about ₹325 crore upfront on November 5, 2026. The Indian precision manufacturer’s exchange disclosure records the payment against a total subscription of about ₹650 crore; it does not record receipt of the full subscription.

The filing lists ₹3,250,140,268.20 received against ₹6,499,999,819.50 payable for 28,071,690 warrants at ₹231.55 each. The allottee is Mellwood Trustee Services Private Limited, acting as trustee of the Melligeri Private Family Foundation.

This advances the September 25 board proposal, which was conditional on shareholder and regulatory approvals. The November filing follows the October 22 extraordinary general meeting and records in-principle exchange approvals dated November 3.

In its September financing release, Aequs said proceeds would fund aerospace and consumer-business capacity expansion, including its Hosur facility, investments in subsidiaries and joint ventures, and general corporate purposes. Neither that release nor the allotment filing identifies a separate allocation to space manufacturing.

Aequs lists domestic Indian Space Research Organisation programmes among its aerostructure assembly activities. The Economic Times documented its acquisition of Bengaluru-based Simulations Design, a satellite and spacecraft component manufacturer, in February 2015. This establishes a space-related manufacturing connection without making the broader financing a dedicated space investment.

The warrants do not carry voting rights and leave paid-up equity capital unchanged until conversion, the November filing states. Each can convert into one equity share. The remaining subscription is payable when the warrants are exercised, on or before December 31, 2027.