ACS Technologies Appoints New CEO, Approves Preferential Issue

ACS Technologies Ltd announced the appointment of Group Captain MJ Vinod Augustine (Retd) as the new Chief Executive Officer (CEO) and Key Managerial Personnel (KMP). The Board also approved a preferential issue of up to 49,50,495 equity shares at ₹40.40 per share, aggregating to ₹20 crore, to Adiniya Investments Private Limited. This issuance will be against the utilization of existing unsecured loans. A postal ballot notice will be sent to shareholders for approval of this preferential issue. The Board meeting was held on August 4, 2026.