Committee allots 3.2 crore equity shares and 20.7 crore convertible warrants on preferential basis
ACI Infocom allotted 3.2 crore equity shares at Rs. 1.53 each, with ~₹4.9 crore received.
By ScoutQuest · · 2 min read
- Equity shares allotted
- 3.2 crore equity shares at Rs. 1.53 each; ~₹4.9 crore received
- Convertible warrants allotted
- 20.7 crore fully convertible warrants at Rs. 1.53 each; ~₹7.92 crore received, ~₹23.75 crore payable on conversion
- Last date for conversion / share capital
- 23 April 2028; paid-up capital 11,04,90,900 shares, 34,94,90,900 shares after full conversion
Committee approval
ACI Infocom Ltd's Preferential Allotment Committee met on 24 October 2026 and considered and approved the allotment of equity shares and fully convertible warrants on a preferential basis.
Equity shares allotted
- 3.2 crore equity shares were allotted at an issue price of Rs. 1.53 per share.
- The full issue price has been received, aggregating to ~₹4.9 crore.
- The allottees are Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia. The update shows their category as "Currently: Non-Promoter" and "Post Open Offer: Promoter & Promoter Group".
Convertible warrants allotted
- 20.7 crore fully convertible warrants were allotted at Rs. 1.53 per warrant.
- ~₹7.92 crore has been received against these warrants.
- The balance ~₹23.75 crore is payable by the warrant holders at the time of exercising the option for conversion into equity shares.
- The last and final date of conversion is 23 April 2028; outstanding warrants not exercised by then lapse.
- The warrant allottees are listed in the Non-Promoter/Public category and include Rupal Sanjay Mandavia, Kripa Bhagav Mandavia, Ruchir Mandavia, Vikash Govind Rathod, Lokesh Ashok Kabra, Krishna Lalit Kabra, Jugal Jankilal Kabra, Ashok Jankilal Kabra, Monika Bhutra, Pushpa L Kabra, Mukesh Jethalal Gala HUF and Adcon Capital Services Limited.
Share capital position
- Existing paid-up equity share capital: 11,04,90,900 equity shares.
- Paid-up equity share capital after allotment, considering full conversion of the warrants: 34,94,90,900 equity shares.
What this means for investors
- Fresh money comes in through this route: ~₹4.9 crore for the equity shares and ~₹7.92 crore on the warrants, with a further ~₹23.75 crore due if the warrants are converted.
- If all warrants are converted, the number of equity shares would move from 11,04,90,900 to 34,94,90,900, so each existing shareholder would hold a smaller proportion of the company than before. This is the dilution effect of issuing new shares and convertibles.
- Conversion of the warrants is exercised at the warrant holder's option; the update states the balance amount is payable at that point and that unexercised warrants lapse on 23 April 2028.
- The equity shares in this allotment went to two allottees shown as currently Non-Promoter, with the category also showing Promoter & Promoter Group post open offer.
The update sets out the allottees, amounts received, the price per share and per warrant, the balance payable at conversion and the resulting share capital, which together allow investors to judge the fund inflow and the change in the share base.
Also from ACI Infocom
Preferential allotment: 3.2 crore equity shares and 20.7 crore convertible warrants allotted
24 Oct 2026
Shareholders approve D Maurya and Associates as Secretarial Auditor for five years
30 Sep 2026
More numbers
- Equity shares allotted on preferential basis3,20,00,000
- Amount received on equity shares (full issue price)₹4,89,60,000
- Fully convertible warrants allotted20,70,00,000
- Amount received on warrants₹7,91,77,500
- Balance payable on warrants at time of conversion₹23,75,32,500
- Issue price / allotted price per share and per warrantRs. 1.53
- Existing paid-up equity share capital11,04,90,900
- Paid-up equity share capital after full conversion of warrants34,94,90,900
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