ACS Technologies to Raise ₹20 Crore via Preferential Issue; Appoints New CEO
ACS Technologies has approved a ₹20 crore fund raise through a preferential issue of 49.5 lakh equity shares to Adiniya Investments Private Limited. The capital raise involves converting existing unsecured loans into equity, alongside the appointment of a new Chief Executive Officer with extensive defense sector experience.
ACS Technologies Secures ₹4.09 Crore HDFC Bank Loan to Expand Credit Facilities
ACS Technologies has approved the procurement of an additional ₹4.09 crore working capital term loan from HDFC Bank under the ECLGS 5.0 scheme. This capital infusion is designed to strengthen the company's liquidity position, bringing its total aggregate banking facilities to ₹48.74 crore.