ACS Technologies Board Approves ₹20 Crore Preferential Issue To Adiniya Investments

Board approved preferential issue of up to 49,50,495 equity shares at ₹40.40 per share, aggregating ₹20 Cr, to Adiniya Investments Private Limited for conversion of an outstanding unsecured loan into equity, subject to shareholder and regulatory approvals. The transaction is intended to reduce debt, strengthen net worth and improve the debt-equity ratio. Board appointed Group Captain MJ Vinod Augustine (Retd.) as CEO and KMP with immediate effect, bringing defence, aerospace, aviation and drone-technology expertise.