In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), we hereby inform that Board of Directors in its meeting ....
Awaiting price reaction for this filing.
ACE Edutrend's board met on August 28, 2025 (11:00 AM to 9:00 PM) and approved several key items. The 31st Annual General Meeting is scheduled for September 30, 2025 via video conferencing, with the share transfer books closed from September 23–30, 2025. The board approved a major capital expansion — increasing authorized share capital fivefold from ₹10 crore to ₹50 crore (5 crore equity shares of ₹10 each) and plans a Rights Issue (or other modes) of up to ₹50 crore. Rohan Agarwal has been appointed as Managing Director and CFO, replacing Monendra Srivastava who resigned, and Ramanuj Murlinarayan Darak joins as Additional Director. The company also announced the launch of a new project called 'E-Shiksha' and appointed M/s Chandan Jha & Associates as Secretarial Auditor for a 5-year term (FY2025-26 to FY2029-30), subject to shareholder approval.
The 5x jump in authorized capital and planned Rights Issue of up to ₹50 crore signals a large fundraising push — potentially dilutive to existing shareholders but aimed at funding growth like the new E-Shiksha project. The dual change in MD and CFO leadership warrants close attention from investors to understand the strategic direction under new management.