Disclosure u/s Regulation 30 of SEBI (LODR) Regulation 2015.
ACSTECH · price
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Awaiting price reaction for this filing.
Trading in ACS Technologies Ltd (Scrip Code 530745), suspended since May 2018, will resume on BSE from May 7, 2025 under the XT (Trade-to-Trade) group after the company emerged from insolvency. The relisting follows an NCLT Hyderabad order dated March 24, 2023 approving a resolution plan under the Insolvency & Bankruptcy Code, 2016. Under the plan, the existing promoters' holdings were fully wiped out, and public shareholders' equity was slashed by 98.17% — their ~9.65 crore shares were reduced to about 17.6 lakh shares (ratio of 1.83:100). Around 5.9 crore new shares of Rs.10 each were issued on a preferential basis to the Resolution Applicant, including shares arising from a scheme of merger. Post-restructuring, paid-up equity capital stands at Rs.60.74 crore (6.07 crore shares), down from Rs.101.69 crore. The stock will undergo a Special Pre-Open Session on May 7 and 50 lakh shares of the new allotment carry a lock-in until May 31, 2026.
Existing public shareholders have been diluted dramatically (losing over 98% of their holdings) while a new Resolution Applicant now controls the company — fresh investors should treat this relisted scrip as high-risk, illiquid (Trade-to-Trade segment), and prone to sharp price swings typical of post-IBC listings.