
Board Meeting3 Jul 2026, 04:24 pm
ACS Technologies Allots 86.95 Lakh Equity Shares via Warrant Conversion
AI Summary
ACS Technologies Ltd announced the outcome of its Board Meeting held on July 03, 2026, wherein the board approved the allotment of 86,95,000 equity shares. These shares were issued pursuant to the conversion of warrants into equity shares at an issue price of ₹31.25 per share, following the receipt of the balance consideration of ₹20,37,89,062.50. The conversion was done by non-promoter/public category investors who had previously been allotted warrants on December 01, 2025. The newly allotted shares will rank pari passu with existing equity shares. Some warrants remain outstanding for conversion within the stipulated 18-month period.
Key Highlights
- Board approved allotment of 86.95 lakh equity shares.
- Shares issued upon conversion of warrants at ₹31.25 each.
- Received ₹20.38 Cr balance consideration for warrant conversion.
- Allotted shares rank pari passu with existing equity.
- Outstanding warrants can still be converted within 18 months.
Price Impact
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