StockWatch
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Education
Board Meeting27 Jul 2026, 05:31 pm

ACE Edutrend Board Approves Financials, AGM, Capital Increase

AI Summary

ACE Edutrend Ltd's Board of Directors convened on July 27, 2026, approving un-audited standalone financial results for the quarter ended June 30, 2026. The board also announced the 32nd Annual General Meeting (AGM) scheduled for August 25, 2026, and approved the Director's Report for FY26. Key decisions included increasing authorized share capital from ₹10 Cr to ₹60 Cr and authorizing a potential rights issue or other mode of further issue up to ₹50 Cr. The company also appointed Mr. Pranshu Poddar as Additional Director and noted the resignation of Mr. Ramanuj Murlinarayan Darak as Independent Director. NSDL and CA Shiva Nishad were appointed for e-voting services.

Key Highlights

  • Board approved Q1 FY27 un-audited standalone financial results.
  • AGM scheduled for August 25, 2026; share transfer books closed Aug 18-25.
  • Authorized share capital increased from ₹10 Cr to ₹60 Cr.
  • Board authorized potential fundraising up to ₹50 Cr via rights issue or other means.
  • Mr. Pranshu Poddar appointed Additional Director; Mr. Darak resigned.