ALPHA TRIBE

ACI Infocom LtdImportant, 10-08-2026: Company Update

10-08-2026 | 07:47 pm

ACI Infocom's board has approved a significant strategic pivot, expanding its business activities into aviation, defence, and infrastructure sectors. This involves changing its core business objectives and boosting authorized capital from 13.50 Cr to 50.00 Cr, all pending shareholder greenlight. The company also plans to raise 4.90 Cr by issuing 3.20 Cr equity shares and 45.10 Cr through 29.48 Cr convertible warrants, both at Rs. 1.53 each. These issues will introduce new promoters following an open offer, marking a substantial change in control and direction. An Extra Ordinary General Meeting will be called for shareholder approvals.

No comments yet. Be the first to comment!

All announcements from ACI Infocom Ltd