Ace Men Engg Works Ltd — Board Meeting, 14-08-2025: Board Meeting

Ace Men Engg Works has announced the outcome of its recent board meeting. The board approved the financial results for the quarter. A major strategic move involves the acquisition of 100% equity in Manibhadra Industries Private Limited (MIPL), a lighting industry company, for Rs 62.82 Cr. This acquisition, paid via a share swap of 98.16 lakh new equity shares, aims to diversify the company into a new business segment. The board also proposed increasing the authorized share capital to Rs 14 Cr and sought shareholder approval for expanded limits on investments, loans, and borrowings, each up to Rs 500 Cr, and related party transactions up to Rs 500 Cr. Director changes were also noted. This reflects significant expansion plans.