ACS Technologies Limited has announced a significant move to strengthen its capital base through a preferential allotment of convertible warrants. The company's Board of Directors, in a meeting held on September 22, 2025, approved the issuance of up to 4,15,40,000 convertible warrants to members of the promoter group and identified investors.

Key Details of the Warrant Issue

• Issue Size: Up to 4,15,40,000 convertible warrants
• Issue Price: ₹30.25 per warrant
• Total Fundraise: Approximately ₹125.66 crores
• Conversion Ratio: Each warrant is convertible into one equity share with a face value of ₹10
• Conversion Period: Within 18 months from the date of allotment

Investor Participation and Shareholding Impact

The preferential issue involves a total of 47 investors, including 5 members from the promoter and promoter group. This strategic move is set to significantly alter the company's shareholding structure:

• Pre-Issue Shareholding: The proposed allottees currently hold a 32.82% stake in the company
• Post-Conversion Shareholding: Upon full conversion of the warrants, the allottees' stake is expected to increase to 40.61% on a fully diluted basis

Corporate Governance and Regulatory Compliance

To ensure transparency and regulatory compliance, ACS Technologies has taken several key steps:

1. Extraordinary General Meeting: Scheduled for October 15, 2025, to seek shareholder approval for the preferential issue
2. Monitoring Agency: Appointed CARE Ratings Limited to oversee the utilization of issue proceeds
3. Scrutinizer Appointment: VCSR & Associates (Membership No. F6121 & COP No. 6392) appointed as scrutinizer for remote e-voting at the EGM

Management Commentary

Shilpi Gunjan, Company Secretary & Compliance Officer of ACS Technologies Limited, stated, "The Board's decision to approve this warrant issue reflects our commitment to strengthening the company's capital structure and supporting our growth initiatives."

Market Implications

This substantial capital infusion is likely to provide ACS Technologies with the financial flexibility to pursue its strategic objectives. Investors and market analysts will be closely watching how the company utilizes these funds to drive growth and enhance shareholder value in the coming months.

The successful completion of this preferential issue could potentially signal increased confidence in the company's future prospects from both promoters and external investors. However, the actual impact on the company's performance and stock price will depend on the effective utilization of the raised capital and the execution of the company's business strategies.

Shareholders and potential investors are advised to review the detailed disclosures made by the company and consider the implications of this capital raise in the context of their investment decisions.

ACS Technologies Limited has announced a significant business development, securing a work order worth Rs 18.07 crore from Bharti Airtel Limited, one of India's leading telecommunications companies. The announcement, made through a regulatory filing, highlights the company's growing presence in the telecom infrastructure sector.

Project Details

The work order encompasses a range of services crucial for telecom network expansion and enhancement:

• End-to-end execution of node/LM/Quality/FTTB connectivity
• Aerial cabling work
• Related services

This domestic telecommunications project will be executed according to Bharti Airtel's specific requirements, reinforcing ACS Technologies' capability to meet the needs of major telecom operators.

Financial Implications

The contract value of Rs 18.07 crore represents a substantial boost to ACS Technologies' order book. This deal is expected to contribute positively to the company's revenue and showcase its expertise in telecom infrastructure services.

Execution Timeline

While the exact timeline for the project execution has not been disclosed, the company has stated that the work will be carried out as per the client's requirements. This flexibility demonstrates ACS Technologies' commitment to aligning with Bharti Airtel's network expansion and improvement plans.

Corporate Governance

In its regulatory filing, ACS Technologies has confirmed that the promoters have no interest in Bharti Airtel Limited, the awarding entity. Additionally, the company clarified that this contract does not fall under related party transactions, ensuring transparency and compliance with corporate governance norms.

Market Impact

This new work order is likely to be viewed positively by investors and market analysts, as it demonstrates ACS Technologies' ability to secure large contracts from industry leaders like Bharti Airtel. The project aligns with the ongoing expansion and upgrading of telecom infrastructure across India, particularly in the context of increasing data consumption and the rollout of advanced network technologies.

ACS Technologies Limited, formerly known as LN Industries India Limited, has been positioning itself as a key player in the technology and infrastructure services sector. This latest contract with Bharti Airtel further solidifies its role in supporting the growth of India's telecommunications landscape.

Investors and stakeholders will be keen to observe how this project contributes to ACS Technologies' financial performance in the coming quarters, as well as any potential for similar contracts in the future.