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

Ace Men Engg Works' board has approved the financial results for the quarter, showing a profit of Rs. 1.43 Lakh. The board greenlit acquiring 100% of Manibhadra Industries (lighting sector) for Rs. 62.82 Cr via a share swap, issuing 98.16 lakh new shares at Rs. 64 each. This acquisition aims to diversify the business. Additionally, the board increased the Authorized Share Capital from Rs. 3.50 Cr to Rs. 14 Cr. They also put forth proposals for shareholder approval to raise limits for investments, borrowings, and related party transactions, each up to Rs. 500 Cr.