
Board Meeting27 Jul 2026, 05:21 pm
ACE Edutrend Board Approves Financials, AGM, Capital Raise
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 appointing NSDL for remote e-voting and a CA as 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 Independent Director. Committee re-constitutions were also noted.
Key Highlights
- Board approved Q1 FY27 un-audited standalone financial results.
- 32nd AGM scheduled for August 25, 2026; share transfer books closed.
- Authorized share capital to increase from ₹10 Cr to ₹60 Cr.
- Company plans a rights issue or other mode for up to ₹50 Cr.
- Mr. Pranshu Poddar appointed Additional Director; Mr. Darak resigns.
Price Impact
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