ACI Infocom Seeks Shareholder Nod for Rs 50 Crore Funding and Aviation Pivot

ACI Infocom Ltd plans to raise up to Rs 50 crore through a preferential issuance of equity shares and warrants. The company has called for an Extra-Ordinary General Meeting (EGM) on Wednesday, September 09, 2026, to secure shareholder approval for this significant restructuring. The issuance is primarily to the incoming promoter group, Mr. Sanjay Natvarlal Mandavia and Ms. Rupal Sanjay Mandavia, and other entities, at an issue price of Rs. 1.53 per unit.

Reader Takeaway: Major ownership change and new aviation focus funded by a large share issuance.

What just happened

ACI Infocom is proposing to issue up to 3,20,00,000 equity shares and 29,48,00,000 fully convertible warrants to the new promoter group and other entities. The total value of this preferential issuance is approximately Rs 50 crore. Warrants will be convertible into equity within 18 months.

The funds raised will be used for acquiring an aircraft (Hawker), investing in M/s Wardwizard Aviation Pvt Ltd, and for general corporate purposes, with an estimated total capital expenditure of Rs 50 crore by March 31, 2028.

Why this matters

This move signifies a major strategic shift for ACI Infocom, with plans to venture into aviation, airline services, aerospace, defence, advanced air mobility, drones, and aviation infrastructure. This diversification requires an alteration to the company's Memorandum of Association.

Furthermore, the preferential issuance triggers an Open Offer under SEBI Takeover Regulations, indicating a change of control. Mr. Sanjay Natvarlal Mandavia and Ms. Rupal Sanjay Mandavia are set to become the new promoters upon successful completion of the Open Offer.

To accommodate the new share issuance, the company also proposes to increase its authorized share capital from Rs 13.50 crore to Rs 50 crore.

The backstory

ACI Infocom has historically been involved in IT-related services. This proposed business pivot represents a significant departure from its previous operations, driven by a new management vision.

What changes now

Shareholders are being asked to approve a substantial dilution through the preferential issue. Post-approval and completion of the Open Offer, the control and management of the company will transfer to the new promoter group. The company will embark on a new strategic direction focused on the aviation sector.

Risks to watch

Key risks include the successful acquisition of the aircraft and investment in Wardwizard Aviation, potential delays in project execution, and the market acceptance of ACI Infocom's new aviation-focused business model. Shareholder approval at the EGM is also a crucial step.

Peer comparison

Information on direct peers in the aviation infrastructure and services sector that have recently undergone similar restructuring or fundraising is not detailed in the filing. However, the broader aviation sector in India is seeing growth driven by increasing air travel demand and government initiatives.

Context metrics (time-bound)

• EGM Date: September 09, 2026
• Proposed Capital Raise: Up to Rs 50 crore
• Issue Price: Rs. 1.53 per unit (equity shares and warrants)
• Aircraft Acquisition Target: Hawker by March 31, 2028
• Investment in Wardwizard Aviation Target: By March 31, 2028

What to track next

Investors should closely monitor the outcome of the EGM, the successful completion of the preferential issue, the Open Offer process, and the subsequent execution of the proposed investments in aviation assets.