Ace Men Engg Works Ltd — Others, 21-08-2025: AGM/EGM

Ace Men Engg Works will hold an Extra-Ordinary General Meeting on September 12. Shareholders will vote on increasing the authorized share capital from 3.50 Cr to 14.00 Cr, enabling future equity raises. The company also seeks approval for significant financial flexibility, including granting loans, making investments, and providing guarantees up to 500 Cr, and borrowing powers up to 500 Cr, vital for business expansion. A key item is a preferential issue of 98.16 lakh new equity shares valued at 62.82 Cr to acquire 100% of Manibhadra Industries, a strategic move. Additionally, the regularization of a Non-Executive Independent Director is on the agenda.