ACS Technologies has received listing approval from BSE Limited for 86,95,000 equity shares issued on a preferential basis to non-promoters. The approval, granted on July 23, 2026, pertains to shares issued at a premium of ₹21.25 per share over a face value of ₹10, following the conversion of warrants. This development allows the company to proceed toward trading these shares on the exchange, subject to final compliance filings.

The intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shilpi Gunjan, Company Secretary & Compliance Officer, notified the exchange on July 24, 2026. The listing application was approved vide letter Ref No. LOD/PREF/GB/FIP/551/2026-27. The distinctive numbers for the approved shares range from 60741949 to 69436948.

Trading approval remains pending until the company fulfills specific regulatory requirements. The company must file confirmation letters from NSDL or CDSL regarding the crediting of shares to beneficiary accounts and the admission of capital to the depository system. Additionally, if applicable, the company must provide listing approval from the National Stock Exchange of India Ltd. and confirmation of lock-in for pre-preferential holdings.

Regulatory Compliance Requirements

The company must adhere to several regulatory stipulations to finalize the trading process:

The exchange emphasized that trading approval will be granted only after the submission of all required documents together. The company is also reminded to comply with Schedule XIX of the ICDR Regulations.

What the Numbers Show

The issuance of nearly 87 lakh shares through warrant conversion indicates a strategic move to convert existing derivative instruments into equity, thereby strengthening the company's capital base without immediate cash outflow. The premium of ₹21.25 per share suggests a valuation uplift compared to the face value, reflecting investor confidence in the company's prospects during the warrant conversion period.

Nexta Enterprises LLP has increased its shareholding in ACS Technologies Limited to 7.27% of the total voting capital following the conversion of warrants into equity shares. The acquisition, which was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, involved the allotment of 50,00,000 shares on July 03, 2026. This transaction marks a significant change in the company's shareholding structure as the acquirer moves from holding convertible instruments to holding equity shares.

Prior to the acquisition, Nexta Enterprises LLP held 1,25,00,000 warrants, which represented 20.58% of the total share capital and 12.45% of the total diluted share capital. The acquirer did not hold any shares carrying voting rights before this transaction. The conversion of these warrants has resulted in the acquirer now holding 50,47,424 equity shares carrying voting rights, while retaining 75,00,000 warrants that are yet to be converted.

The equity share capital of ACS Technologies Limited has increased as a result of this allotment. Before the acquisition, the total equity share capital stood at Rs. 60,74,19,480, consisting of 6,07,41,948 equity shares of Rs.10 each. Post-acquisition, the equity share capital has risen to Rs. 69,43,69,480, comprising 6,94,36,948 equity shares of Rs.10 each. The total diluted share capital of the company, assuming full conversion of outstanding convertible securities, is now Rs. 1,00,43,19,480.

The following table details the changes in the acquirer's holdings before and after the transaction:

Nexta Enterprises LLP has confirmed that it does not belong to the promoter or promoter group of ACS Technologies Limited. The disclosure was submitted to the Bombay Stock Exchange Limited by Shilpi Gunjan, Company Secretary & Compliance Officer of ACS Technologies Limited, to ensure compliance with regulatory requirements.