Aequs Ltd enters into nonbinding MOU with Government of Karnataka

Aequs Limited ("the Company") has entered into a nonbinding Memorandum of Understanding ("MOU") with the Government of Karnataka on March 26, 2026 for statutory & regulatory facilitation of proposed expansion of manufacturing facilities in Aequs Special Economic Zone, Belagavi and in Hubballi Durable Goods Cluster in Itigatti and Gamanagatti Industrial Area, Hubballi through its subsidiaries. The estimated cumulative investment (including investments already made and proposed) in these projects is approximately INR 2,856 Crores over a period of five years from FY 2026.

The Government of Karnataka will provide facilitation and support in obtaining necessary permissions / registrations / approvals / clearance / incentives etc. from the concerned departments of State, as per the prevailing policies/rules and regulations of the State Government.

Shares of Aequs Limited was last trading in BSE at Rs. 121.05 as compared to the previous close of Rs. 123.55. The total number of shares traded during the day was 255950 in over 1293 trades.

The stock hit an intraday high of Rs. 124.35 and intraday low of 120.95. The net turnover during the day was Rs. 31413739.00.

Source : Equity Bulls

Keywords

Aequs INE947N01017 Aerospace Defense MOU GovernmentofKarnataka