Announced Thu, 3 Sept · 23:35 IST
Shareholders approve loan conversion into preferential equity shares
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
On 3 September 2026, shareholders passed a special resolution allowing equity shares to be issued on a preferential basis to convert an outstanding unsecured loan. Of 2,65,10,586 valid votes, 99.9957 percent supported the proposal and 1,128 votes opposed it.
Likely market impact
The conversion may reduce debt, but the new equity issuance could dilute existing shareholders and give the lender a shareholding in the company.