Ace Men Engg Works Ltd — Updates, 14-08-2025: Company Update

The company has approved the acquisition of 100% equity in Manibhadra Industries Private Limited (MIPL) for Rs. 62.82 Crore. This strategic move, paid via a share swap issuing 98,16,000 new equity shares at Rs. 64 each, diversifies the company into the lighting industry. Additionally, the board approved the financial results for the quarter and plans to increase its authorized share capital from Rs. 3.50 Crore to Rs. 14 Crore. It also put forward for shareholder approval proposals to increase limits for investments/loans, borrowing power, and related party transactions, each up to Rs. 500 Crore, providing flexibility for future growth.