Announced Thu, 3 Sept · 23:32 IST
Postal ballot result: loan to equity conversion approved
ACSTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.9%1-day move
₹51.40
prior close
₹51.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-1.7-0.4-0.8+5.9+11.2+16.7+11.7+14.6+16.7————
Up moveDown movePending
AI summary
Shareholders of ACS Technologies approved a special resolution via postal ballot to issue equity shares on a preferential basis for converting outstanding unsecured loans into equity. Of 70 members who voted, 99.99 percent voted in favor with only 5 members voting against. The resolution was deemed passed on 3 September 2026.
Likely market impact
Unsecured loans will convert to equity, potentially diluting shareholding but reducing company debt burden.