In-Principal Approval from BSE for Issue of Warrants
ACSTECH · price
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ACS Technologies Ltd has received in-principle approval from BSE for issuing up to 4,14,40,000 (about 4.14 crore) warrants on a preferential basis to promoters and non-promoters. Each warrant is convertible into one equity share of Rs. 10 face value at a price not less than Rs. 31.25 per share. At this floor price, the total potential capital raise works out to roughly Rs. 129.5 crore. The approval was granted via BSE letter dated November 17, 2025, under SEBI LODR Regulation 28(1). The company must now complete allotment and apply for listing within prescribed timelines, while ensuring allottees do not engage in intra-day trading in the scrip pre-allotment.
This is a constructive development as it clears a key regulatory hurdle for a sizable capital infusion of around Rs. 129.5 crore, but existing shareholders should note that conversion of warrants into equity shares will lead to dilution of their holdings.