• UAV joint venture: Aequs has partnered with Accel Partners and Vagus Ventures to establish Ajna Aerospace with an initial investment of approximately $20 million, aiming to manufacture UAVs for Indian defense requirements through foreign technology transfers.
• Aero engine expansion: The company has committed ₹1,900 crore over a 10-year period to build a vertically integrated aero engine component ecosystem to serve global commercial aviation demand and domestic defense programs like the AMCA.
• UAV revenue timeline: Revenue contribution from the UAV manufacturing segment is expected to begin from FY28 onwards, though it could potentially start as early as FY27 as defense testing and contract finalizations progress.