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. The meeting was conducted in compliance with the Companies Act, 2013, and SEBI regulations.

The proceedings commenced with the confirmation of quorum, attended by 86 members. 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 the shareholders regarding financial discipline and operational priorities for FY26.

Leadership addresses and strategic focus

The Chairman highlighted the company's performance during FY26, emphasizing growth in technology and defence-oriented capabilities. He noted strategic collaborations and opportunities 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. He stated that disciplined execution and innovation remain central to future growth.

Voting and compliance details

The company provided remote e-voting facilities from September 26 to September 29, 2026. Members who did not vote remotely could cast their votes electronically during the meeting via CDSL. The Company Secretary confirmed that all resolutions were put to vote through remote e-voting prior to the meeting. The scrutinizer's report and voting results will be submitted to stock exchanges within the prescribed timeline.

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.