Aequs Subsidiary AEPPL Receives Communication Regarding Hasbro's Intent to Cease Purchase Orders
Aequs Engineered Plastics Private Limited (AEPPL), a wholly owned subsidiary of Aequs Limited, has received communication from Hasbro S A (Hasbro) regarding the potential cessation of purchase orders. The communication, received via email, indicates Hasbro's intent to stop placing future purchase orders with AEPPL.AEPPL has initiated discussions with the Hasbro team regarding this development. The company noted that the impact of this matter is currently being assessed, as the future course of action between the two parties has yet to be concluded.
The operational details surrounding the supply arrangement between the parties are outlined below.
| Particulars | Details |
|---|---|
| Parties Involved | Hasbro S A (Hasbro) and Aequs Engineered Plastics Private Limited |
| Nature of Agreement | Agreement to supply Products to Hasbro and affiliates |
| Master Supply Agreement (MSA) | Executed on March 18, 2016, and amended on May 12, 2023 |
| Current Status/Impact | The communication pertains to the intent to cease placing purchase orders, not a termination of the Master Supply Agreement itself. The potential impact is under assessment as the parties finalize their next steps. |
AEQUS Stock Price Movement
Today, shares of Aequs Limited edged higher to close at ₹194.59, gaining 15.75% in post-market trading. The equity rallied on high volume, trading 15.55 million shares, and hit its 52-week high of ₹202.Source:
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