ACE ALPHA TECH LIMITED
Postal Ballot Results
The Members of Ace Alpha Tech Limited have approved the following three resolutions through postal ballot conducted vide Notice dated May 19, 2026:
1. Variation in utilization of Initial Public Offer (IPO) proceeds and extension of timeline for utilisation of capital expenditure
2. Variation in the Terms of Objects of the Initial Public Offer (IPO)
3. Alteration in Articles of Association (AoA) of the Company
Voting Process Details
The remote e-voting process through Postal Ballot commenced on Saturday, May 23, 2026 at 09:00 a.m. IST and concluded on Sunday, June 21, 2026 at 05:00 p.m. IST.
The scrutinizer submitted the report on the results of the Postal Ballot through remote e-voting on Monday, June 22, 2026. Based on the scrutinizer's report, all resolutions were passed with requisite majority.
Alteration in Articles of Association (Specific Details)
As required under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, the company has amended its Articles of Association by inserting new Article 92A:
'92A. Notwithstanding anything contained in these Articles and subject to the provisions of the Act and applicable laws, the Board may appoint any individual as the Chairman and Managing Director or Chief Financial Officer of the Company simultaneously, and such individual may hold both offices concurrently upon such terms, conditions and remuneration as may be determined by the Board from time to time.
The same individual may hold such offices notwithstanding that the Company carries on multiple or diverse businesses or activities.
The Board may entrust upon such person such powers and responsibilities for the management and affairs of the Company as it may deem fit.'
Rationale for AOA Amendment
The amendment provides greater flexibility in the management structure of the Company in future, particularly in the event the Company undertakes or expands into multiple line of businesses.