The Register of member and the share transfer books of the Company shall remain closed from September 23, 2025 to September 30, 2025 (both day inclusive) for the purpose of 31st Annual ....
Awaiting price reaction for this filing.
ACE Edutrend's board met on August 28, 2025 and approved multiple items. The 31st AGM is scheduled for September 30, 2025 via video conferencing, with the register of members and share transfer books closed from September 23 to September 30, 2025. The board approved a sharp increase in authorized share capital from ₹10 Crore to ₹50 Crore (1 Crore to 5 Crore equity shares of ₹10 each) and signaled a rights issue of up to ₹50 Crore. Rohan Agarwal was appointed as the new Managing Director and CFO, replacing Monendra Srivastava, while Ramanuj Murlinarayan Darak joined as an Additional Director. The company also announced the launch of a new 'E-Shiksha' project and appointed M/s Chandan Jha & Associates as Secretarial Auditor for five years (FY2025-26 to FY2029-30).
Existing shareholders should brace for a potential ₹50 Crore rights issue that could dilute their holdings, though it also signals fundraising for growth including the new E-Shiksha project. The complete change in top leadership (new MD/CFO) and a 5x jump in authorized capital point to a major strategic pivot, which could be positive if the new project delivers but carries execution risk for a small-cap stock.