Please find the attached Annual Report for the 43rd Annual General Meeting.
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ACI Infocom has filed its 43rd Annual Report for FY 2024-25 along with the AGM notice, with the meeting scheduled for 30th September 2025. A major leadership change is proposed: Mr. Kushal Chand Jain steps down as Managing Director, and Mr. Pradeep Dhanuka (already appointed Additional Director from 18th July 2025) is proposed as the new Managing Director for a 5-year term; he will also take over as CFO. The board is seeking shareholder approval to issue up to 4,99,90,000 equity shares at Rs. 10 each via rights issue or preferential allotment, potentially raising up to Rs. 49.99 crores. The company also proposes raising its borrowing limit under Section 180(1)(c) to Rs. 100 crores and authorising investments/loans up to Rs. 100 crores. New statutory auditors (Mittal & Associates) and secretarial auditor (Nishant Bajaj & Associates) are proposed for 5-year terms.
Shareholders should note the potential for significant equity dilution from the proposed share issuance of nearly 5 crore new shares. The leadership transition to the Dhanuka family and the large capital raise along with increased borrowing limits suggest the company may be planning expansion or restructuring. Existing shareholders should review the resolutions carefully before the 23rd September 2025 cut-off date for e-voting eligibility.