ACI Infocom Ltd — Important, 10-08-2026: Company Update
10-08-2026 | 07:56 pm
10-08-2026 | 07:56 pm
ACI Infocom's board has approved a significant strategic shift, altering its business focus to aviation, defense, and infrastructure. To fuel this expansion and future growth, the authorized capital will increase from 13.50 Cr to 50 Cr. The company will raise funds via a preferential issue of 3.20 Cr equity shares worth approximately 4.90 Cr, and 29.48 Cr convertible warrants valued at around 45.10 Cr. This move brings in new promoters, Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia, triggering an open offer and a change in company control. All these key decisions await shareholder approval at an upcoming Extra Ordinary General Meeting.
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