Annual Report for the financial year 2024-25 along with the Notice convening the Thirty- First Annual General Meeting. Ref: Regulation 34 of the Securities and Exchange Board of India ....
Awaiting price reaction for this filing.
ACE Edutrend Ltd has filed its Annual Report for FY 2024-25 with BSE along with the notice for its 31st Annual General Meeting scheduled for Tuesday, September 30, 2025 at 12:00 PM via video conferencing. Key resolutions include adoption of audited financial statements, re-appointment of Ms. Himani Sharma (retiring by rotation), and appointment of new directors. A major proposal seeks to increase authorized share capital from ₹10 crore to ₹50 crore (5x increase) and undertake a Rights Issue of equity shares up to ₹50 crores to existing shareholders. Multiple board changes are proposed, including appointment of Mr. Rohan Mohan Agarwal as new Managing Director for 5 years and two new Independent Directors (Mrs. Anubha Chauhan and Mr. Ramanuj Murlinarayan Darak). M/s Chandan Jha & Associates has been proposed as the new Secretarial Auditor for a 5-year term from FY 2025-26 to 2029-30.
The proposed Rights Issue of up to ₹50 crores could dilute existing shareholders who do not participate, while the 5x jump in authorized capital signals room for further fundraising. Leadership transition with a new Managing Director and independent directors may bring strategic shifts at this small-cap BSE-listed company.