Announced Mon, 10 Aug · 19:47 IST

ACI Infocom Rs 50cr Preferential Issue with Warrants, Change in Control

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Price reaction · full curve 14 horizons · vs prior close

+9.4%1-day move

₹1.71

prior close

₹1.79

base price

After-mkt

timing

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AI summary

ACI Infocom board approved a preferential issue of up to 3.20 crore equity shares at Rs 1.53 each (about Rs 4.90 crore) to Sanjay Mandavia and Rupal Mandavia, plus up to 29.48 crore convertible warrants at Rs 1.53 each (about Rs 45.10 crore). The issue triggers a mandatory open offer and change in control, with no existing promoter group today. Authorized capital will rise from Rs 13.50 crore to Rs 50 crore. Company is also altering its main objects to enter aviation, drones, aerospace, defence, and infrastructure. EGM on Sept 9, 2026.

Likely market impact

Change in control as new promoters take over. Massive dilution possible for existing holders. Open offer triggered. Stock likely volatile until EGM on Sept 9.