Ace Men Engg Works Ltd

• EGM scheduled for Sep 12, 2025 via video conference. • To increase authorized share capital from Rs 3.5 Cr to Rs 14 Cr. • Approval sought for loans, borrowings, and related party transactions up to Rs 500 Cr. • Proposing preferential equity shares issue worth Rs 62.82 Cr by share swap.

🔔 EGM Announcement and Format

• The company will hold its Extra-Ordinary General Meeting on September 12, 2025 at 3:00 PM via video conferencing (VC) or other audio-visual means (OAVM).

💰 Increase in Authorized Share Capital

• The current authorized share capital of Rs 3.5 crore (35 lakh equity shares of Rs 10 each) is proposed to be increased to Rs 14 crore (1.4 crore equity shares of Rs 10 each).
• This allows the company to issue more shares in future which can support growth initiatives or acquisitions.

📈 Loan, Investment & Borrowing Approvals

• Approval is sought for the company to offer loans, guarantees, and invest up to Rs 500 crore under Section 186 of the Companies Act.
• The borrowing limit of Rs 500 crore is also proposed to be approved, enabling more funds for operational or expansion needs.
• These large limits indicate potential business expansion or financial restructuring plans.

🤝 Related Party Transactions

• Consent sought to allow transactions up to Rs 500 crore with related parties including purchase/sale of goods, services, property, loans, guarantees etc.
• This allows flexibility but will require careful investor scrutiny due to potential conflicts of interest.

📊 Preferential Issue of Equity Shares by Share Swap

• The company plans to issue 98.16 lakh equity shares at Rs 64 each (including premium) worth approx Rs 62.82 crore.
• Issue is via preferential allotment on a share swap basis for acquiring 9.82 lakh equity shares of Manibhadra Industries Private Limited at Rs 640/share.
• This indicates an acquisition plan funded through equity rather than cash.
• Shares allotted will be fully paid-up and locked in as per regulations.

👥 Board and Director Updates

• Appointment of Ms Dakshaben Sanjaykumar Prajapati as Non-Executive Independent Director for five years.

📄 Other Points

• Meeting procedures and voting will be conducted as per relevant SEBI and MCA circulars allowing electronic participation and e-voting.

💡 Perception

• Extensive approvals suggest active business restructuring and growth plans including capital raising, loans, acquisitions and related party dealings.
• Preferential allotment and capital increase indicate acquisition financing.
• Large borrowing and investment limits denote possible expansion or capital expenditure.
• New independent director appointment supports corporate governance.
• Investors should monitor for execution details and terms.