Aequs Limited Enters into MoU with Government of Karnataka for Expansion Plans
Aequs Limited announced on March 26, 2026, that it has entered into a nonbinding Memorandum of Understanding (MoU) with the Government of Karnataka. The agreement facilitates statutory and regulatory support for the company’s proposed expansion of manufacturing facilities within Aequs Special Economic Zone, Belagavi, and the Hubballi Durable Goods Cluster in Itigatti and Gamanagatti Industrial Area, Hubballi, through its subsidiaries.The estimated cumulative investment, including previously made investments, totals approximately INR 2,856 crores over a five-year period, beginning in fiscal year 2026. The expansion will focus on manufacturing aerospace precision engineering products and enclosures for consumer electronic products.
According to the MoU, the Government of Karnataka will provide facilitation and support in obtaining necessary permissions, registrations, approvals, clearances, and incentives, in accordance with prevailing state policies. The investment is expected to secure priority in approvals, streamline coordination between departments, and provide access to financial incentives and concessional charges. The arrangement does not constitute a related party transaction.
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