ACI Infocom Ltd — Important, 01-01-1970: Company Update

Acquirers Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia have launched a mandatory open offer for ACI Infocom Limited. This follows a preferential allotment of 3.20 Cr equity shares to them, leading to a change in company control. They aim to acquire up to 3.70 Cr shares, representing 26.00% of the emerging voting capital, at ₹1.53 per share, totaling ₹5.67 Cr. Post-offer, the Acquirers will hold 51.05%, becoming promoters. They plan to diversify the business into aviation, aerospace, defense, and infrastructure. The company reported ₹0.54 Cr total income and a loss of ₹1.85 Cr for the last financial year. Public shareholding will remain above 25%.