ACS Technologies Limited held its 33rd Annual General Meeting on September 30, 2026, at 11:30 am through Video Conferencing and Other Audio-Visual Means, with 86 members in attendance. All 7 resolutions put to vote were passed with requisite majority.

The meeting was conducted in compliance with the Companies Act, 2013, and SEBI regulations. Chairman and Managing Director Ashok Kumar Buddharaju presided over the session. Key Managerial Personnel, including Chief Financial Officer A. Prabhakara Rao and Chief Executive Officer Vinoth Augustine, addressed shareholders on financial discipline and operational priorities for FY26.

Leadership addresses and strategic focus

The Chairman highlighted the company's performance during FY26, emphasising growth in technology and defence-oriented capabilities, along with strategic collaborations aimed at building a sustainable and scalable business model. The CEO detailed the company's focus on artificial intelligence, machine learning, cybersecurity, and digital transformation, stating that disciplined execution and innovation remain central to future growth.

Voting and scrutinizer details

Remote e-voting was open from September 26, 2026 (9:00 am IST) to September 29, 2026 (5:00 pm IST). Members who did not vote remotely could cast their votes electronically during the meeting via CDSL. The scrutinizer's report was issued by Ch. Veeranjaneyulu of VCSR & Associates (Membership No. F6121) on October 1, 2026, and submitted to BSE Limited on the same date by Compliance Officer and Company Secretary Shilpi Gunjan.

The record date for voting entitlement was September 24, 2026. As on that date, the total number of shareholders stood at 11,308. Of the 86 members who attended via video conferencing, 7 were from the promoter and promoter group and 79 were from the public category.

Resolutions passed

All 7 resolutions were passed with requisite majority. The following table summarises each resolution and its outcome:

Consolidated voting results

For Resolutions 1, 2, 4, 6, and 7, the combined votes polled across remote e-voting and AGM e-voting totalled 26,156,920, representing 37.67% of outstanding shares. Of these, 26,155,816 votes (99.9958%) were in favour and 1,104 votes (0.0042%) were against.

For Resolution 3 (alteration of the Memorandum of Association), total votes polled were 26,156,920, representing 86.2213% of outstanding shares. Of these, 26,155,814 votes (99.9958%) were in favour and 1,106 votes (0.0042%) were against.

For Resolution 5 (related party transactions with Sniggy Services), total votes polled were 26,156,920, representing 86.2213% of outstanding shares. Of these, 26,155,816 votes (99.9958%) were in favour and 1,104 votes (0.0042%) were against.

The promoter and promoter group cast 25,945,599 votes in favour across all resolutions, representing 100% of their held shares. Public institutions recorded zero votes polled across all resolutions.

Attendees and governance

The following directors and key personnel attended the meeting:

The statutory auditor from Gorantla & Co and secretarial auditor from VCSR & Associates were also present. The meeting concluded at 12:08 pm with a vote of thanks.

ACS Technologies Limited has received 'in-principle' approval from BSE Limited for the preferential issue of 49,50,495 equity shares at a price of not less than ₹40.40 per share. The allotment is designated for non-promoter entities and marks a key step in the company's capital raising process.

The exchange issued this approval via letter LOD/PREF/KS/FIP/857/2026-27 dated September 29, 2026. This action complies with Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The shares have a face value of ₹10 each.

Regulatory Conditions and Compliance

BSE emphasized that this approval does not constitute permission for listing. The company must separately apply for listing within twenty days from the date of allotment, as mandated by Schedule XIX of the ICDR Regulations and SEBI circular dated June 21, 2023. Failure to comply will attract penalties under the specified circular.

The exchange advised the company to strengthen internal controls to monitor trades executed by proposed allottees. Specifically, the company must obtain undertakings confirming that allottees will not engage in intra-day trading or sell shares until the allotment date. The onus remains solely on the issuer to verify compliance with Regulation 167(6) of SEBI (ICDR) Regulations, 2018.

Key Issue Details

Any non-compliance observed post-verification may impact the listing of these shares. The company is required to make a listing application without delay with applicable fees, adhering to Regulation 14 of the LODR Regulations.