BSECompany Update3d ago · 10 Aug 2026, 08:05 pm

The Company has received the Public Announcement Letter from Credora Partners Private Limited and hereby submits the same to the BSE for information and record purposes.

ACI Infocom Ltd · 517356

✦ AI SummaryFundraise

ACI Infocom Ltd has received a public announcement letter from Credora Partners Private Limited regarding an open offer to acquire up to 26% of the company's emerging voting share capital at ₹1.53 per share.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment5/10

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Full Announcement

ACI Infocom Ltd - 517356 - Announcement under Regulation 30 (LODR)-Public Announcement-Open Offer

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Date: August 10, 2026 The Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal St, Kala Ghoda, Fort, Mumbai Maharashtra 400001 Subject: Public Announcement to the shareholders of ACI Infocom Limited (“ACI-INFO” or “TC” or “Target Company”) in terms of Regulation 3(1) and Regulation 4 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dear Sir/Madam, We, Credora Partners Private Limited (hereinafter referred to as “Manager to the O(cid:431)er”), are hereby submitting the Public Announcement made by us on behalf of Mr. Sanjay Natvarlal Mandavia and Ms. Rupal Sanjay Mandavia (hereinafter collectively referred as “Acquirers”) to acquire upto 3,70,47,634 (Three Crores Seventy Lakhs Forty Seven Thousand Six Hundred Thirty Four) Equity Shares constituting 26.00% of the Emerging Voting Share Capital (As defined in the Public Announcement) of the Target Company at a price of ₹ 1.53/- (Rupees One And Fifty Three Paise Only) for each equity share of the Target Company, pursuant to, and in compliance with, amongst others, Regulation 3(1) and Regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto. Kindly take the above information on your records. For Credora Partners Private Limited Prashant Pratap Singh Director PUBLIC ANNOUNCEMENT (“PA”) UNDER REGULATIONS 3(1) AND REGULATIONS 4 READ WITH REGULATIONS 13 (1), 14, AND 15 (1) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 AND SUBSEQUENT AMENDMENTS THERETO. FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF ACI INFOCOM LIMITED CIN: L72200MH1982PLC175476 Reg. Office : Office No. 512, 5th Floor, Hubtown Solaris, NSP Road, Saiwadi, NR Flyover Bridge, Andheri East, Mumbai, Maharashtra, India, 400069. Email Id: compliance@acirealty.co.in | Phone: +91-75038 54646 | Website: http://www.acirealty.co.in/ OPEN OFFER FOR ACQUISITION OF UPTO 3,70,47,634 (THREE CRORES SEVENTY LAKHS FORTY SEVEN THOUSAND SIX HUNDRED THIRTY FOUR) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF ₹1/- (RUPEES ONE ONLY) EACH, REPRESENTING 26.00% (TWENTY SIX PERCENT) OF THE EMERGING VOTING SHARE CAPITAL (AS DEFINED BELOW) OF ACI INFOCOM LIMITED (HEREINAFTER REFERRED TO AS "TARGET" OR “TARGET COMPANY” OR “ACI INFO”) FROM PUBLIC SHAREHOLDERS (AS DEFINED BELOW) AT AN OFFER PRICE OF ₹1.53/- (RUPEES ONE AND FIFTY THREE PAISE ONLY), PAYABLE IN CASH, BY MR. SANJAY NATVARLAL MANDAVIA (“ACQUIRER-1”) AND MS. RUPAL SANJAY MANDAVIA (‘ACQUIRER-2’), (HEREINAFTER COLLECTIVELY REFERRED TO AS ‘ACQUIRER’ or ‘ACQUIRERS’) PURSUANT TO AND IN ACCORDANCE WITH REGULATION 3(1) AND REGULATION 4 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED (“SEBI (SAST) REGULATIONS”) This Public Announcement (‘PA’/ ‘Public Announcement’) is being issued by Credora Partners Private Limited (‘Manager to the offer’ or ‘CPPL’) for and on behalf of Acquirer(s) to the Public Shareholders of Target Company (‘Public Shareholders’) pursuant to, and in compliance with, Regulation 3(1) and Regulation 4 read with Regulations 13, 14, 15(1) and such other applicable provisions of the SEBI (SAST) Regulations. For this Public Announcement, the following terms have the meaning assigned to them below: Definitions & Abbreviations Particulars Acquirer-1 Mr. Sanjay Natvarlal Mandavia, aged 53 years, Indian Inhabitant, having PAN: AFJPM0846C, under the Income Tax Act, 1961 and residing at A-3, 1101, World Spa East, Near FWSTS Building, Sector-30, Gurgaon, Haryana – 122001. Acquirer-2 Ms. Rupal Sanjay Mandavia, aged 52 years, Indian Inhabitant, having PAN: AAGPM4663B, under the Income Tax Act, 1961 and residing at A-3, 1101, World Spa East, Near FWSTS Building, Sector-30, Gurgaon, Haryana – 122001. Acquirer(s) Acquirer 1 and Acquirer 2 (collectively referred to as Acquirers). Board of Directors The Board means the Board of Directors of the Target Company. Board Meeting Meeting of the board of directors of the Target Company held on Monday, August 10, 2026, to consider preferential allotment of Equity Shares and Fully Convertible Warrants. BSE Limited BSE Limited is the stock exchange where presently the Equity shares of the Target Company are listed. Equity Shares Equity Shares shall mean the fully paid-up equity shares of face value of ₹1/- Definitions & Abbreviations Particulars (Rupees One Only) each. Emerging Voting Share Capital Emerging Voting Share Capital shall mean 14,24,90,900 (Fourteen Crores Twenty- Four Lakhs Ninety Thousand Nine Hundred) Equity Shares having face value of ₹1/- each of the Target Company on a fully diluted basis as of the tenth (10th) working day from the closure of the Tendering Period. This comprises of (i) Existing Voting Share Capital of the Target Company i.e. 11,04,90,900 Equity Shares; and (ii) 3,20,00,000 Equity Shares in aggregate proposed to be allotted to acquirers, subject to the approval of the shareholders of the Target Company and receipt of all necessary statutory and/or regulatory approvals, as may be applicable. Further, as per the mutually decided terms and conditions with proposed allottee of the warrant, confirmation has been received from the warrant holders, that the conversion of warrants into equity shares shall be done only upon expiry of 10 working days from the completion of Offer Period in terms of SEBI (SAST) Regulations, 2011. Accordingly, each of Fully convertible warrant will be convertible into one Equity Share, shall not be considered part of the total share capital of the Target Company as on the 10th working day from the closure of the Tendering Period. Identified Date Means the date falling on the 10th Working Day prior to the commencement of the Tendering Period for the Offer to determine the Public Shareholders to whom the Letter of Offer shall be sent. It is clarified that all the Public Shareholders (registered or unregistered) who own Equity Shares are eligible to participate in this Offer at any time before the expiry of the Tendering Period. ISIN International Securities Identification Number being INE167B01025. Offer Means an Open Offer being made by the Acquirers for acquisition of up to 3,70,47,634 Equity Shares representing 26.00% of the Emerging Voting Share Capital of the Target Company, at an Offer Price of ₹ 1.53/- (Rupees One and Fifty Three Paise Only) each per Offer Share, to the Public Shareholders of the Target Company, payable in cash, assuming full acceptance aggregating to a maximum consideration of an amount of ₹ 5,66,82,881/- (Rupees Five Crores Sixty Six Lakhs Eighty Two Thousand Eight Hundred and Eighty One Only) that will be Offered to the Public Shareholders who validly tender their Offer shares in the Offer. Offer Documents Means this Public Announcement, and the Detailed Public Statement, Draft Letter of Offer, Letter of Offer, Recommendation of the Committee of the Independent Directors of the Company and Post Offer Public Announcement, and any other notices, advertisements, and corrigendum issued by or on behalf of the Manager. Offer Period Means period from the date on which the Public Announcement was issued by the Acquirers and the date on which the payment of consideration to the Public Shareholders whose Equity Shares are validly accepted in this Offer, is made, or the date on which this Offer is withdrawn, as the case may be. Offer Price An offer price of ₹1.53/- (Rupees One and Fifty-Three Paise Only) each per Offer Share. Offer Shares Open Offer for acquisition of up to 3,70,47,634 (Three Crores Seventy Lakhs Forty-Seven Thousand Six Hundred Thirty-Four) Equity Shares of the face Definitions & Abbreviations Particulars value of ₹1/- each, representing 26.00% of the voting equity share Capital of the Target Company at a price of ₹1.53/- (Rupees One and Fifty-Three Paise Only) each per fully paid-up Equity Sha [Showing first 8,000 characters — download PDF for full document]