ACSTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ACS Technologies' board, at its meeting on December 1, 2025, approved the allotment of 3,96,90,000 convertible warrants at Rs. 31.25 each, taking the total issue size to about Rs. 124 crore. The company has already received Rs. 31.01 crore, which is the 25% upfront amount payable on warrants. Each warrant is convertible into one equity share of Rs. 10 face value, and holders have up to 18 months from the allotment date to pay the remaining 75% and exercise conversion. The warrants were allotted to 45 allottees including promoter and promoter group members and identified public-category investors, with the largest single allotment going to Nexta Enterprises LLP (1.25 crore warrants, potentially ~14.44% post-issue stake). Promoters Ashok Kumar Buddharaju, Rama Devi Buddharaju, Snigdha Buddharaju, Deepak Alokam and Gowtham Alokam are also among the allottees.
There is no immediate change in paid-up equity capital because the warrants are yet to be converted, but full conversion would meaningfully expand the share base and dilute existing holders. The promoter participation signals confidence in the company's prospects, while the large allocation to a single public investor (Nexta Enterprises LLP) introduces notable concentration risk post-conversion.