ACSTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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ACS Technologies has called its 32nd AGM on September 30, 2025, at 11:30 AM via video conferencing. Shareholders will vote on adopting the FY25 audited financial statements, reappointing Anitha Alokam as director, and appointing M/s. VCSR and Associates as Secretarial Auditor for five years (FY26–FY30). The notice seeks approval to sharply raise remuneration for Chairman & MD Ashok Kumar Buddharaju (from Rs 3 lakh to up to Rs 10 lakh/month) and Whole-Time Director Anitha Alokam (from Rs 1 lakh to up to Rs 4 lakh/month), along with pay hikes for three relatives of directors who hold positions at the company. A major item is altering the company's main objects clause to add 11 new business areas including drones, defence manufacturing, geospatial services, AI/ML, IoT, telecom infrastructure, and renewable energy. The company also plans to borrow up to Rs 20 crore from Adiniya Investments Private Limited at 12% interest, which may later be converted into equity shares.
The Rs 20 crore convertible loan could dilute existing shareholders if converted to equity, while the steep pay hikes for promoter-family directors may draw scrutiny from minority investors. The sweeping change in business objects signals a significant diversification push into defence, drones, and emerging tech, which could reshape the company's future revenue mix but also raises execution risk.