ACS Technologies Appoints New CEO, Approves Preferential Issue

ACS Technologies Ltd announced a significant management change and a preferential issue following its Board of Directors meeting on August 4, 2026. Group Captain MJ Vinod Augustine (Retd) has been appointed as the new Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) with immediate effect. The company also approved the issuance of up to 49,50,495 fully paid-up equity shares at ₹40.40 per share to Adiniya Investments Private Limited, aggregating to ₹20 crore. This preferential issue aims to utilize existing unsecured loans and is subject to shareholder and regulatory approvals. A postal ballot notice will be issued for shareholder approval.