ACS Technologies Ltd Allots 86,95,000 Equity Shares Through Warrant Conversion
ACS Technologies Ltd announced that its Board of Directors approved the allotment of 86,95,000 equity shares following the conversion of warrants into equity shares. The decision was made during a meeting held on July 3, 2026.The company granted these equity shares to warrant holders from the 'Non-Promoters/Public' category. The allotment is effective upon the receipt of balance consideration amounting to ₹20,37,89,062.50.
Each equity share has a face value of ₹10/- and was issued at an issue price of ₹31.25/-, which includes a premium of ₹21.25/- per equity share. The shares are considered pari passu with the existing equity shares of the Company subsequent to the allotment.
Details of Equity Share Allotment
The newly allotted shares were issued against warrants that had been previously allocated on December 01, 2025. The details of the conversion and financial receipts are summarized below:
| Allottee Category | Number of Warrants Converted | No. of Equity Shares Allotted | Balance Consideration Received (₹) |
|---|---|---|---|
| Non-Promoter/Public | N/A | 86,95,000 | 20,37,89,062.50 |
The allotment was processed by the company receiving a balance payment equivalent to 75% of the issue price per warrant from the respective warrant holders.
Warrant Status and Future Conversion
While the company allotted 86,95,000 equity shares in this tranche, there are still outstanding warrants available for conversion. A total of 3,09,95,000 warrants remain outstanding. Warrant holders who have not yet exercised their rights retain the entitlement to convert their warrants into an equal number of equity shares by paying the remaining 75% amount within a stipulated period of 18 months from the warrant allotment date (December 01, 2025).
Post-Allotment Equity Shareholding Update
The company's allottees include several entities and individuals. The following table details some of the key allottees and their shareholding status after this conversion:
| Name of Allottee | Category | No. of Equity Shares Allotted | Post Allotment %of Total Issued Capital |
|---|---|---|---|
| Profit Planet Cosmec Private Limited | Non-Promoter | 10,00,000 | 1.44% |
| Nexta Enterprises LLP | Non-Promoter | 50,00,000 | 7.27% |
| Heena Biren Gandhi | Non-Promoter | 10,07,253 | 1.45% |
| Yogita Shah | Non-Promoter | 3,10,000 | 0.45% |
The allotment saw involvement from 11 investors in total. The company continues to manage the conversion process for outstanding warrants according to established terms and timelines.
ACSTECH Stock Price Movement
Shares of ACS Technologies Limited today slipped by 0.54% to settle at ₹43.99, having shed ₹0.24 in the trading session. The stock witnessed a volume of 150,456 shares and traded within a daily range from ₹43.65 to ₹45.02.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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