ACI Infocom Ltd

ACI Infocom Limited convened an Extra-ordinary General Meeting (EGM) on Wednesday, September 9, 2026, via video conferencing, where shareholders approved several resolutions including a special resolution to alter the objects of the company and adopt a new Memorandum of Association, a special resolution to adopt a new set of Articles of Association, and an ordinary resolution to increase the authorized share capital. The company also sought shareholder approval for the issuance of up to 3,20,00,000 equity shares and up to 29,48,00,000 fully convertible warrants on a preferential basis to the promoter and public categories, with voting results to be submitted separately to the BSE Limited and posted on the company's website.

ACI InfoCom Ltd. appointed JVJ & Co. as its Internal Auditor for the financial year 2026-27 and D Maurya and Associates as its Secretarial Auditor for a term of five consecutive years beginning April 1, 2026, through March 31, 2031, while Nishant Bajaj & Associates resigned as Secretarial Auditor effective August 27, 2026, due to pre-occupation with other professional commitments. The company also announced that its 44th Annual General Meeting will be held on September 30, 2026, via video conferencing and other visual means.

ACI InfoCom Ltd. appointed JVJ & Co. as its Internal Auditor for the financial year 2026-27 and D Maurya and Associates as its Secretarial Auditor for a term of five consecutive years beginning April 1, 2026, through March 31, 2031, while Nishant Bajaj & Associates resigned as Secretarial Auditor effective August 27, 2026, due to pre-occupation with other professional commitments. The company also announced that its 44th Annual General Meeting will be held on September 30, 2026, via video conferencing and other visual means.

ACI Infocom Limited is proposing a preferential allotment of up to 3,200,000 equity shares and 29,480,000 warrants to a group of investors at a price of Rs. 1.53 per share or warrant. The price, which includes a 5% control premium, was determined through various valuation methods, with an independent valuation report from Krishna Chaitanya Janga setting the price at Rs. 1.53. Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia, currently classified as non-promoters, will transition to promoter and promoter group status following the allotment. The company confirmed that none of its directors or promoters are willful defaulters, fraudulent borrowers, or fugitive economic offenders, and has obtained a certificate from M/s. Rawal & Co. confirming compliance with SEBI regulations. The Independent Directors' Committee unanimously recommended the allotment, and shareholder approval via a special resolution will be required.

ACI Infocom Limited reported its unaudited standalone financial results for the quarter ended June 30, 2026, disclosing a profit before tax of Rs 23.63 crore and a profit for the period of Rs 15.98 crore. The company also appointed Mr. Mukesh Kumar as Chief Financial Officer, effective August 14, 2026, bringing over 10 years of experience in finance, accounting, taxation, and audit. The financial results and a limited review report are available on the company’s website.

ACI Infocom Limited announced on August 10, 2026, a series of preferential allotments of warrants and shares that will significantly alter the company’s ownership structure, introducing Sanjay and Rupal Mandavia as new promoters. The company issued up to 29.48 million warrants at Rs. 1.53 each and up to 3.2 million shares at the same price to 23 entities, with Rupal Mandavia receiving the largest allocations of 10 million warrants and 10.33 million shares. Upon full conversion, Rupal Mandavia’s stake will increase to 23.61% from a previous 2.86%. The warrant conversion, which requires a 75% upfront payment, is contingent on the completion of an open offer to existing shareholders, as mandated by SEBI regulations. This infusion of capital will increase the company’s paid-up capital and trigger an open offer, while also providing a pathway for future share dilution through warrant conversion.

Sanjay and Rupal Mandavia are launching a mandatory open offer to acquire 3,200,000 shares of ACI Infocom Limited at a price of Rs 1.53 per share, triggered by a recent acquisition of shares in the company. The offer, managed by Credora Partners Private Limited, aims to increase the Mandavias’ stake in ACI Infocom, with Sanjay currently holding 0.48% and Rupal 2.86% of the company’s shares. Following the acquisition, their combined stake will rise to 25.05%. A Detailed Public Statement outlining the full terms and conditions will be published on or before August 17, 2026, and the offer is intended to maintain a minimum 25% public shareholding in compliance with Securities and Exchange Board of India (SEBI) regulations; the Acquirers are also issuing warrants to public shareholders.

ACI Infocom Limited will hold a board meeting on Friday, August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, and to take note of the limited review report thereon, according to a regulatory filing with the BSE Limited. The trading window for the company will remain closed until 48 hours after the declaration of the financial results, following its closure beginning July 1, 2026.

Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia have launched an open offer to acquire shares of ACI Infocom Limited, a company listed on the BSE under the symbol ACIIN, following their acquisition of shares and warrants in the Target Company. The offer, announced August 10, 2026, proposes to purchase shares at a price of Rs 1.53 per share, with the Acquirers seeking to acquire a total of 3,20,00,000 equity shares, increasing their combined stake to 25.05% from a pre-transaction holding of 3.34%. The offer is not subject to a minimum acceptance threshold and does not involve a competing offer or plans for delisting, and the Acquirers have secured financial arrangements to fund the acquisition. A detailed public statement will be published on or before August 17, 2026, and the offer is being managed by Credora Partners Private Limited.

ACI Infocom Limited will convene a meeting of its Board of Directors on August 10, 2026, to consider and approve a proposal to raise funds through one or more instruments including equity shares/convertible securities on a preferential issue basis or other permissible modes in one or more tranches, as permitted under applicable laws. The trading window for dealing in the company’s securities is closed for designated persons and their immediate relatives until 48 hours after the declaration of financial results for the quarter ended June 30, 2026.