Aequs shares gain 3% despite Hasbro plans to halt fresh orders
Published on 21/04/2026 09:25 AM
Aequs shares gain 3% despite Hasbro plans to halt fresh ordersHasbro has indicated its intention to cease placing new orders. AEPPL is currently in discussions with Hasbro on the matter, while the financial impact is being assessed.By CNBCTV18.com April 21, 2026, 9:25:21 AM IST (Updated)1 Min ReadShares of Aequs Ltd. are trading 3% higher on Tuesday, April 21, after the company said Hasbro intends to stop placing purchase orders with its subsidiary Aequs Engineered Plastics Pvt. Ltd. (AEPPL).
As per the DRHP filed in 2025, Hasbro is among Aequs' top 10 customers. The company derived 6.61% of its revenue from Hasbro in FY25, down from around 18% in FY23.
Aequs said there is no termination of the Master Supply Agreement signed in 2016.
However, Hasbro has indicated its intention to cease placing new orders. AEPPL is currently in discussions with Hasbro on the matter, while the financial impact is being assessed.
Shares of Aequs surged 15.75% to ₹198 on Monday. The stock has rallied 65% over the past month and is up more than 43% so far this year.Continue ReadingFirst Published: Apr 21, 2026 9:15 AM ISTTagsshare market today