Please find the attached Outcome of Board Meeting
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On 5th September 2025, ACI Infocom's board accepted the resignations of Managing Director Mr. Kushal Chand Jain and CFO Mr. Dilip Kumar Dhariwal, both citing personal reasons with immediate effect. Mr. Pradeep Dhanuka, an existing director, was elevated as the new Managing Director and CFO for a 5-year term ending 4th September 2030, while his wife Mrs. Nidhi Dhanuka was regularised as Non-Executive Director. The board also appointed Mittal & Associates as Statutory Auditor for 5 years, Nishant Bajaj & Associates as Secretarial Auditor for FY2025-26 to FY2029-30, and Ms. Divya Sarraf as Internal Auditor for FY2025-26. Separately, the board approved proposals to raise funds through equity shares or convertible securities and sought shareholder approval to raise borrowing and lending limits up to Rs. 100 crore each. The 43rd AGM has been fixed for 30th September 2025 with book closure from 23rd to 30th September 2025.
This represents a significant leadership transition where the Dhanuka family is taking control of both top executive positions, which may raise governance concerns for minority shareholders. The proposed equity fundraise and expanded borrowing limits (subject to shareholder approval at the upcoming AGM) could lead to potential dilution and higher leverage.