StockWatch
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Education
Board Meeting27 Jul 2026, 05:21 pm

ACE Edutrend Board Approves Financial Results, AGM, and Capital Increase

AI Summary

ACE Edutrend Ltd's Board of Directors met on July 27, 2026, approving the un-audited standalone financial results for the quarter ended June 30, 2026, along with the limited review report. The board also announced the 32nd Annual General Meeting (AGM) scheduled for August 25, 2026, and approved the Director's Report for the financial year ended March 31, 2026. Key decisions included the appointment of NSDL for remote e-voting and a chartered accountant as a scrutinizer for the AGM. The company will increase its authorized share capital from ₹10 crore to ₹60 crore and plans a further issue of shares up to ₹50 crore. Mr. Pranshu Poddar was appointed as an Additional Director, while Mr. Ramanuj Murlinarayan Darak resigned as an Independent Director. The register of members and share transfer books will be closed from August 18-25, 2026.

Key Highlights

  • Board approved Q1 FY27 unaudited standalone financial results.
  • 32nd AGM scheduled for August 25, 2026; share transfer books closed Aug 18-25.
  • Authorized share capital to increase from ₹10 Cr to ₹60 Cr.
  • Company plans a rights issue or other mode of share issuance up to ₹50 Cr.
  • Mr. Pranshu Poddar appointed Additional Director; Mr. Ramanuj Darak resigns.