ACI Infocom Ltd. held its 44th Annual General Meeting (AGM) on September 30, 2026, via video conferencing. The company announced that all four agenda items were approved by shareholders with the requisite majority.

The meeting, conducted in accordance with Ministry of Corporate Affairs and SEBI circulars, saw the adoption of audited financial statements for the year ended March 31, 2026. Additionally, the board approved the re-appointment of a non-executive director and the revision of remuneration for the Whole Time Director.

Voting participation and turnout

The scrutinizer’s report indicated low physical presence but active remote participation. Out of 71,485 shareholders on the record date of September 23, 2026, only four members voted during the live meeting, while 78 members cast votes through remote e-voting. No promoters or institutional investors participated in the voting process.

Key resolutions passed

The following resolutions were approved:

• Adoption of Financial Statements: Approval of the Balance Sheet, Profit and Loss Account, and Cash Flow Statement for FY26.
• Director Re-appointment: Re-appointment of Nidhi Pradeep Dhanuka as Non-Executive Non-Independent Director retiring by rotation.
• Auditor Appointment: Appointment of D Maurya and Associates as Secretarial Auditor for five years (FY27 to FY31).
• Remuneration Revision: Approval for revised remuneration payable to Whole Time Director Sanjay Natvarlal Mandavia.

What the numbers show

Voter engagement remained exceptionally low across all resolutions. Only 3,910,913 shares voted out of 110,490,900 outstanding shares, representing a turnout of just 3.54%. Despite this minimal participation, the consensus was near-unanimous, with 99.99% of polled votes in favour for every item. The absence of promoter and institutional voting suggests that public retail investors drove the entire outcome.

Shareholders of ACI Infocom Limited approved key corporate actions at their second extraordinary general meeting held on September 9, 2026. The resolutions included alterations to the company’s constitutional documents and a significant capital infusion plan.

The meeting, conducted via video conferencing from Mumbai, saw the approval of four special resolutions and one ordinary resolution. Sanjay Natvarlal Mandavia, Whole Time Director, chaired the proceedings.

Capital Restructuring Plan

The most material outcome was the authorization for a preferential issuance of securities to entities belonging to the promoter group and the public category. Shareholders approved:

• Issuance of up to 3,20,00,000 equity shares on a preferential basis.
• Issuance of up to 29,48,00,000 fully convertible warrants (FCWs) on a preferential basis.

These issuances require separate regulatory approvals and will be executed in accordance with applicable securities laws. The move is typically aimed at strengthening the balance sheet or funding specific expansion projects, though specific use-of-proceeds details were not disclosed in the meeting summary.

Constitutional Amendments

Alongside the capital raise, shareholders approved structural changes to the company’s governing documents:

The increase in authorized share capital is a procedural necessity to facilitate the proposed preferential issuance of shares and warrants.

Meeting Details

Fifty-four members were present for the meeting, ensuring the requisite quorum was maintained throughout. Remote e-voting was conducted via MUG Intime India Private Limited between September 6 and September 8, 2026. Vivek Rawal of Rawal & Co. served as the independent scrutinizer.

Voting results are expected to be filed with BSE Limited within two working days of the meeting conclusion.