Please find enclosed herewith newspaper publications with respect to the 1st Postal Ballot for the financial year 2026-27.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ace Alpha Tech Ltd has published a postal ballot notice seeking shareholder approval for variation in the utilization of Initial Public Offer (IPO) proceeds. The company went public (IPO) on July 01, 2025, with a total issue size of Rs. 3222.30 lakhs (Fresh Issue + Offer for Sale of 11,22,000 shares). The proposed change involves reallocating funds originally meant for computer equipment and server infrastructure towards hardware/software procurement. The company states this variation is necessitated by evolving technology and infrastructure requirements, aiming to optimize capital expenditure and provide greater flexibility in procurement decisions. The postal ballot voting deadline is June 21, 2026 at 5:00 PM IST.
Shareholders should vote on this proposal. While the change does not alter the overall IPO size or company objectives, it may lead to different capital deployment patterns and could signal a shift in technology investment strategy.