Regulatory30 Sept 2026, 03:24 pm
ACS Technologies Gets In-Principle Approval for Share Issue
AI Summary
ACS Technologies Ltd has received in-principle approval from BSE Limited for the preferential issue of 49,50,495 equity shares. Each share has a face value of INR 10 and will be issued at a price not less than INR 40.40 per share to non-promoters. The approval is subject to compliance with all applicable regulations, including the Companies Act, 2013, and SEBI's ICDR and LODR Regulations. The company is advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions before the allotment date. Failure to comply may impact the listing of these shares.
Key Highlights
- BSE grants in-principle approval for preferential share issue.
- 49,50,495 equity shares to be issued at ₹40.40 minimum price.
- Issue is on preferential basis to non-promoters.
- Company must comply with SEBI and Companies Act regulations.
- Strengthened internal controls and allottee undertakings required.
Price Impact
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