ACE ALPHA TECH LIMITED

Board Meeting Details

The Board meeting commenced at 05:30 p.m. and concluded at 07:00 p.m. on October 30, 2026.

Key Decisions Approved

1. Financial Results Approval: The Board approved the Unaudited Financial Results for the half year ended September 30, 2026. This approval included:

  • Noting of the Limited Review Report on the aforesaid Financial Results
  • Statement of deviation/variation in use of issue proceeds of Initial Public Offer (IPO) under Regulation 32 of the Listing Regulations

2. Amalgamation Proposal: The Board approved the proposal for the amalgamation of Ace Alpha Tech Limited ("Amalgamating Company" or "Company"), a listed company, with Share India Securities Limited ("Amalgamated Company"), also a listed company, as a going concern.

Amalgamation Process Authorization

The Board authorized the Management to:

  • Obtain valuation report
  • Obtain fairness opinion
  • Obtain auditor's certificate
  • Obtain such other reports, certificates, documents and approvals as may be required in connection with the proposed amalgamation

The Board directed that the draft Scheme of Amalgamation, together with all supporting documents, be placed before the Board for its consideration at a subsequent meeting.

Regulatory Framework

The amalgamation is proposed pursuant to:

  • Sections 230 to 232 and other applicable provisions of the Companies Act, 2013
  • Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
  • National Company Law Tribunal Rules, 2016
  • Applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Applicable SEBI circulars governing schemes of arrangement by listed entities
  • Other applicable laws, rules and regulations

Approval Requirements

The proposed Scheme of Amalgamation shall be subject to receipt of all necessary statutory, regulatory and other approvals, including:

  • No-objection letter(s)/observation letter(s) from the Stock Exchange(s)
  • No-objection from SEBI, wherever applicable
  • Sanction of the Hon'ble National Company Law Tribunal
  • Such other approvals, permissions and consents as may be required under applicable laws

Future Disclosures

The detailed disclosure required under Regulation 30 of SEBI Listing Regulations, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, shall be submitted to the Stock Exchange(s) as and when the Board approves the Scheme of Amalgamation and in accordance with applicable legal and regulatory requirements.

Financial Impact

Financial impact of the amalgamation has not been quantified in this disclosure. The amalgamation is subject to multiple regulatory approvals and the final scheme structure.