Corporate Action10 Aug 2026, 07:50 pm
ACI Infocom Approves Preferential Issue of Shares & Warrants
AI Summary
ACI Infocom Limited's Board of Directors has approved a preferential issue of up to 3,20,00,000 equity shares at ₹1.53 per share, aggregating ₹4.89 crore. This issue will result in Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia becoming promoters, triggering an open offer obligation under SEBI (SAST) Regulations. Additionally, the company approved the issuance of up to 29,48,00,000 fully convertible warrants at ₹1.53 per warrant, aggregating ₹45.10 crore. The board also approved an increase in authorized capital from ₹13.50 crore to ₹50 crore and amendments to the Memorandum and Articles of Association, subject to shareholder approval.
Key Highlights
- Preferential issue of 3.2 crore equity shares at ₹1.53/share.
- Issuance of 29.48 crore warrants at ₹1.53/warrant approved.
- Authorized capital increased to ₹50 crore from ₹13.50 crore.
- Proposed issue triggers open offer obligation for new promoters.
- Shareholder approval required for capital and constitutional changes.
Price Impact
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