Announcement under Regulation 30(LODR)
ACSTECH · price
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Awaiting price reaction for this filing.
The board of ACS Technologies Ltd has approved issuing up to 4,15,40,000 convertible warrants at ₹30.25 per warrant to promoters, promoter group members, and identified investors, potentially raising up to ₹125.66 crore. Each warrant is convertible into one equity share of face value ₹10 and can be exercised within 18 months from allotment. The allottee list includes 5 promoter/promoter group members and 42 public-category investors, totaling 47 allottees. On a fully diluted basis, the allottees' combined shareholding will rise from 32.82% to up to 40.61%. CARE Ratings has been appointed as Monitoring Agency to oversee the use of proceeds, and an EGM is scheduled for October 15, 2025, to seek shareholder approval.
This preferential issue will dilute existing shareholders but brings in fresh capital. Promoter participation signals continued confidence, though the sizeable promoter stake increase (from 27.25% to a higher post-issue level) suggests strong promoter control going forward. Share price reaction will depend on the purpose of the fund raise, which is not disclosed in this filing.