ACI Infocom Ltd

ACI Infocom Limited announced that its Preferential Allotment Committee approved the allotment of 8,28,00,000 fully convertible warrants to 11 non-promoter investors, including Pushti Mandavia, Jubin Shah, and Anupam Stock Broking Pvt Ltd., for a total subscription amount of Rs 3,16,71,000, with the remaining Rs 9,50,13,000 payable upon conversion within 18 months.

ACI INFOCOM LTD submitted a certificate to the BSE Limited regarding compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter and half year ended September 30, 2026, as confirmed by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited.

ACI INFOCOM LTD announced that its members approved the appointment of M/s. D Maurya and Associates, Practicing Company Secretaries, Mumbai, as Secretarial Auditor for a term of five consecutive years beginning April 1, 2026, and ending March 31, 2031, at the Annual General Meeting held on September 30, 2026.

ACI INFOCOM LTD. will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ended September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The company’s board of directors meeting to approve the financial results will be scheduled, and the date will be intimated to BSE Limited in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.