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SUMMARY
Largely to blame for the bloated losses was the impairment loss on goodwill of INR 48.3 Cr during the fiscal for its subsidiary Aequs Force Consumer Products Pvt Ltd
Revenue from operations also declined 4.19% to INR 924.6 Cr in FY25 as against INR INR 965 Cr a year ago
Aequs has filed its updated DRHP with SEBI for its IPO, which will comprise a fresh issue of up to INR 720 Cr and an OFS component of 3.2 Cr shares.
Bengaluru-based contract manufacturing startup Aequs
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