1 week ago
ACI Infocom Hits Upper Circuit Amid Aviation Transformation Plans
ACI Infocom is a very low-priced stock in India.
Its shares rose to ₹2.58 and trading stopped because they reached the daily 5% limit.
This was the sixth session in a row when the stock reached that limit.
The broader stock market was falling at the same time.
The company wants to expand into aviation and airline-related businesses.
These plans could include air transport, cargo, airports, aircraft maintenance, drones, and air taxis.
New proposed promoters have made an offer to buy 26% of the company.
Shareholders will discuss the plans at a special meeting on September 9, 2026.
The proposed changes still need shareholder and regulatory approvals.
ACI Infocom shares rose from ₹2.45 to ₹2.58, triggering a 5% upper circuit.
The stock reached its upper circuit for the sixth consecutive session despite declines in major Indian indices.
The company has proposed shifting its business focus toward aviation and allied services.
An extraordinary general meeting is scheduled for September 9, 2026, to seek shareholder approval.
Proposed acquirers have offered to buy 26% of the emerging voting share capital at ₹1.53 per share.
- Who
- ACI Infocom Limited, proposed acquirers Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia, and the company’s shareholders.
- What
- ACI Infocom shares hit a 5% upper circuit for the sixth consecutive session as the company proposed an aviation-focused transformation and an open offer for 26% of its emerging voting share capital.
- Where
- On the Indian stock market, with the meeting details communicated to stock exchanges.
- When
- The shares hit the upper circuit during Tuesday’s trading; the extraordinary general meeting is scheduled for September 9, 2026, at 2:00 p.m.
- Why
- Buying interest followed the company’s proposed acquisition, preferential allotment, change in business objects, and planned expansion into aviation and allied sectors.
Key facts
- Stock
- ACI Infocom Limited
- Opening price
- ₹2.45 per share
- Intraday high
- ₹2.58 per share
- Upper circuit
- 5%, reached for the sixth consecutive session
- Open offer size
- Up to 3,70,47,634 equity shares, representing 26% of emerging voting share capital
- Open offer price
- ₹1.53 per equity share
- Extraordinary general meeting
- September 9, 2026, at 2:00 p.m.
- Approval status
- The proposed transaction remains subject to shareholder approvals, regulatory permissions, and other applicable requirements.
Quotes
ACI Infocom Ltd
The company informing stock exchanges about its extraordinary general meeting
“We are enclosing the Notice of Extra-Ordinary General Meeting (“EGM”) along with the Explanatory Statement of the Company scheduled to be held on Wednesday, September 09, 2026, at 2:00 PM.”
livemint.com
Sources
Related news
NCL Research stock hits upper circuit despite weak Dalal Street
Penny stock GACM Technologies hits 5% upper circuit after results
₹1 GACM Technologies Stock Hits 16th Upper Circuit
Nandan Denim Stock Hits 20% Upper Circuit Despite Weak Market
NHC Foods Hits Upper Circuit After Warrant Issue Approval
Blue Cloud Softech Shares Jump 3% After NSE Dual Listing
Beer-Fueled Political Clash Over India’s 7.8% GDP Growth
Indian Rs 1 Trillion Market Cap Club Expands
Sensex, Nifty Plunge as West Asia Tensions Lift Oil Prices
Indian Markets Open Lower as US-Iran Tensions Lift Oil
Indian Market Ends Lower as Volatility Keeps Trading Non-Directional
