In reference to the caption subject matter and in continuation to our intimation dated September 23, 2025, please find enclosed here with the Corrigendum 1 to the notice of Extraordinary ....
ACSTECH · price
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ACS Technologies Ltd has issued a Corrigendum to the Notice of its Extraordinary General Meeting (EGM) scheduled for October 15, 2025 at 11:00 AM via video conferencing. The corrigendum modifies the explanatory statement related to a proposed preferential issue through conversion of warrants into equity shares. It clarifies that the preferential issue will NOT result in any change in control of the company. A revised detailed table of proposed allottees has been provided, showing 41 allottees including promoters (Buddharaju and Alokam families) and various non-promoters/public shareholders. Major allotments include Nexta Enterprises LLP (1.25 crore shares), Anoop Chhaganlal Patel (35 lakh shares), Patel Growth Private Limited (30 lakh shares), and BSAS Infotech Limited (25 lakh shares). The corrigendum also adds that the company's shares qualify as 'frequently traded shares' under SEBI ICDR Regulation 164(5).
The preferential issue will lead to significant dilution of existing shareholders' stakes, but promoter control remains unchanged. Shareholders should review the revised allottee list carefully before the EGM, as approval will determine the company's expanded capital structure.