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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.7 pts less than its Computers Hardware & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of ACI Infocom Ltd held a meeting on September 5, 2025, where Mr. Kushal Chand Jain resigned as Managing Director and Mr. Dilip Kumar Dhariwal resigned as Chief Financial Officer, both with immediate effect citing personal reasons. To fill these gaps, Mr. Pradeep Dhanuka was appointed as the new Managing Director and CFO for a 5-year term ending September 2030, while his wife Mrs. Nidhi Dhanuka was regularised as a Non-Executive Director (effective July 18, 2025). The company also appointed new Statutory Auditor (Mittal & Associates), Secretarial Auditor (Nishant Bajaj & Associates), and Internal Auditor (Ms. Divya Sarraf) for FY 2025-26. Additionally, the Board approved plans to raise funds through equity shares or convertible securities, and set borrowing/lending limits of up to Rs. 100 crore each, subject to shareholder approval at the AGM on September 30, 2025.
A complete leadership overhaul occurred in a single day — both the MD and CFO resigned and were replaced by one person from the Dhanuka promoter family, signalling tighter promoter-family control of the company. The simultaneous exit of two key managerial personnel raises governance concerns, while the proposed fund raise and higher borrowing limits may lead to equity dilution and increased debt capacity.