ACI Infocom517356Preferential allotment

Preferential allotment: 3.2 crore equity shares and 20.7 crore convertible warrants allotted

ACI Infocom's Preferential Allotment Committee approved allotment of equity shares and fully convertible warrants on 24 October 2026.

By ScoutQuest · Sat 24 Oct 2026, 5:25 PM IST · 2 min read

Equity Shares Allotted: 3,20,00,000 allotted at Rs. 1.53/-, ~₹ 4.9 crore received in full
Warrants Allotted: 20,70,00,000 fully convertible warrants; 25% received ~₹7.92 crore; balance ~₹23.75 crore at conversion
Conversion Deadline: 23 April 2028; unexercised warrants lapse

The Preferential Allotment Committee, at its meeting on 24 October 2026, approved the allotment of 3.2 crore equity shares at Rs. 1.53/- each, with 100% of the issue price received, aggregating ~₹ 4.9 crore.
It also approved the allotment of 20.7 crore fully convertible equity warrants at the same price, with 25% of the issue price received, aggregating ~₹7.92 crore.
Both were done as preferential allotments under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, read with the Companies Act, 2013.

From the equity shares, the entire ~₹ 4.9 crore has already been received.
From the warrants, ~₹7.92 crore has been received now.
The balance 75% of the warrant issue price, ~₹23.75 crore, is payable by the warrant holders only at the time of exercising the option to convert the warrants into equity shares.

Existing paid-up equity share capital: 11,04,90,900 equity shares.
Post-allotment paid-up equity share capital considering full conversion of warrants: 34,94,90,900 equity shares.
In simple terms, if every warrant is converted, the number of equity shares would be far higher than today, which is what existing shareholders should read as dilution.

Equity shares went to Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia. Both are shown as "Currently: Non-Promoter" and "Post Open Offer: Promoter & Promoter Group".
The warrants went to a wider set of allottees, all shown as Non-Promoter/Public. The largest warrant holder is Rupal Sanjay Mandavia, followed by Mukesh Jethalal Gala HUF and Adcon Capital Services Limited; the remaining allottees are individuals and a HUF.

The last and final date for conversion of the warrants is 23 April 2028.
Any warrant for which the holder does not exercise the option lapses by that date, and the balance money on those warrants would not come in.

The cash that has actually come in today is the equity portion plus the 25% warrant money; the larger warrant balance depends on conversion happening later.
The equity allottees are described as moving to promoter & promoter group after an open offer, so the allotment is tied to a change in the shareholding structure as stated in the update.
The warrant money is non-refundable in the usual structure, but the shares are issued only on conversion, so the share count today rises by the equity shares and rises further only when warrants are converted.

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