Ace Men Engg Works Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/11/2025 ,inter alia, to consider and approve (i) To take on records the ....
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The Board of Directors will meet on November 25, 2025, to consider and approve a preferential allotment of 98,16,000 equity shares at Rs. 64 per share (face value Rs. 10, premium Rs. 54 per share). The shares will be issued to members of M/s. Manibhadra Industries Private Limited as consideration other than cash (a share swap arrangement) to discharge the purchase consideration for a share acquisition. The Board will also take on record the in-principle approval received from BSE for this preferential issue. This is a non-cash transaction where the company issues fresh shares to acquire an interest in Manibhadra Industries Private Limited.
Existing shareholders will face dilution as nearly 98.16 lakh new shares are being issued, but no cash outflow is involved since this is a share swap. The premium of Rs. 54 per share suggests the company values the acquisition target favorably. Investors should watch for the post-meeting outcome and details of the acquired entity to assess strategic value.