ACSTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ACS Technologies has allotted 3,96,90,000 convertible warrants at Rs. 31.25 each to its promoters, promoter group members, and 45 non-promoter public allottees. Each warrant is convertible into one equity share of Rs. 10 face value, with an 18-month conversion window starting December 1, 2025. The company has already received Rs. 31.01 crore as the 25% upfront payment; the balance 75% will fall due on conversion, taking the total potential raise to about Rs. 124 crore. The largest allottee is Nexta Enterprises LLP with 1.25 crore warrants, which would give it a 14.44% fully-diluted stake, while promoter holdings will get diluted (e.g. Ashok Kumar Buddharaju from 13.77% to 10.32%). The warrants carry a lock-in as per SEBI ICDR rules, and since they are not yet converted, the paid-up equity capital is unchanged for now.
Existing shareholders face significant potential dilution — fully diluted share count will roughly triple from ~2 crore to ~5.97 crore if all warrants convert — but the move signals promoter and outside investor confidence and brings in fresh capital for the company.