Nature of Event
Regulatory disclosure of Annual General Meeting notice and agenda items requiring shareholder approval
Meeting Details
The 33rd Annual General Meeting will be held on Wednesday, September 30, 2026 at 11:30 A.M. (IST) through Video Conferencing/Other Audio-Visual Mode ('VC/OAVM') in compliance with the provisions of the Companies Act, 2013 and relevant Circulars issued by Ministry of Corporate Affairs and SEBI.
Voting Details
- E-Voting commences: Saturday, September 26, 2026 at 09:00 a.m. IST
- E-Voting concludes: Tuesday, September 29, 2026 at 05:00 p.m. IST
- Cut-off date for voting: Thursday, September 24, 2026
- Scrutinizer: M/s VCSR & Associates, Practicing Company Secretary, Hyderabad
Ordinary Business Items
Item 1: Adoption of Financial Statements
- To receive, consider and adopt audited standalone financial statements for FY2025-26 with reports of Board of Directors and Auditors
- To receive, consider and adopt audited consolidated financial statements for FY2025-26 with reports of Board of Directors and Auditors
Item 2: Director Reappointment
- To appoint Ashok Kumar Buddharaju (DIN: 03389822) who retires by rotation and is eligible for reappointment
Special Business Items
Item 3: Alteration of Memorandum of Association
Resolution Type: Special Resolution
Proposed Changes:
1. Amendment to Sub-clause 8 of Clause III(A): Replace existing text regarding "weapons, munitions, explosive systems" with specific language for defense electronics and systems:
"To undertake defence manufacturing, including the design, development, production, testing, and maintenance of defence electronics, systems, subsystems, and related hardware and software components, in accordance with applicable licences and approvals under the Industries (Development and Regulation) Act, 1951."
2. Insertion of New Sub-clause 17 of Clause III(A): Add quantum technologies activities:
"To undertake research, development, design, development of algorithms, software, platforms, applications and other software-based solutions relating to quantum technologies and quantum computing, and to undertake related research, consultancy, testing, simulation, training and development activities, provided that the Company shall not undertake the manufacture, production, fabrication or development of quantum hardware or any hardware components."
Approval Requirements: Subject to approval of Registrar of Companies and other statutory/regulatory authorities
Item 4: Material Related Party Transaction with IOTIQ Innovations Private Limited
Resolution Type: Ordinary Resolution
Related Party: Subsidiary of ACS Technologies Limited
Relationship: ACS holds 51% shareholding, Ashok Kumar Buddharaju holds 43%, Gowtham Alokam holds 6%
Approval Period: From 33rd AGM (2025-26) to 34th AGM (2026-27)
Maximum Aggregate Value: ₹100 crore
Previous Transactions:
- FY2025-26: Opening balance ₹1.24 crore, Unsecured Loan payment ₹43.82 crore, Unsecured Loan received ₹41.16 crore, Closing balance ₹3.91 crore
- Current FY (Q1 2026-27): Opening balance ₹3.91 crore, Unsecured Loan payment ₹2.38 crore, Unsecured Loan received ₹15.56 crore, Closing payable by ACS ₹9.27 crore
Financial Impact:
- Value represents 37.88% of listed entity's annual consolidated turnover
- Value represents 106.77% of related party's annual turnover
- Related party FY2025-26 financials: Turnover ₹93.66 crore, PAT ₹1.14 crore, Net worth ₹1.55 crore
Item 5: Material Related Party Transaction with Sniggy Services
Resolution Type: Ordinary Resolution
Related Party: Proprietorship of Rama Devi Buddharaju (promoter and spouse of Chairman & MD)
Relationship: Proprietor is promoter and spouse of Chairman & Managing Director
Approval Period: From 33rd AGM (2025-26) to 34th AGM (2026-27)
Maximum Aggregate Value: ₹5 crore
Previous Transactions:
- FY2025-26: Opening payable ₹5.39 lakh, Rental charges ₹82.01 lakh, Payments made ₹81.41 lakh, Closing payable ₹5.99 lakh
- Current FY (Q1 2026-27): Opening payable ₹5.99 lakh, Rental charges ₹19.62 lakh, Payments made ₹19.62 lakh, Closing payable ₹5.99 lakh
Financial Impact:
- Value represents 1.89% of listed entity's annual consolidated turnover
- Value represents 556.72% of related party's annual turnover
- Related party FY2025-26 financials: Turnover ₹89.81 lakh, PAT ₹69.72 lakh, Net worth ₹2,612.75 lakh
Item 6: Material Related Party Transaction with Automicrouas Aerotech Private Limited
Resolution Type: Ordinary Resolution
Related Party: Director relationship - Dr. MJA Vinoth (CEO of ACS) is Director of Automicrouas
Approval Period: From date it became related party (04.08.2026) to 34th AGM (2026-27)
Maximum Aggregate Value: ₹200 crore
Previous Transactions: No previous transactions as company converted from OPC to Private Company on 26th May 2026
Financial Impact:
- Value represents 75.65% of listed entity's annual consolidated turnover
- Value represents 1347% of related party's annual turnover
- Related party FY2025-26 financials: Turnover ₹1,484.74 lakh, PAT under finalization, Net worth under finalization
Item 7: Material Related Party Transaction with Innovistas Innovations Private Limited
Resolution Type: Ordinary Resolution
Related Party: Subsidiary of ACS Technologies Limited
Relationship: ACS holds 51% shareholding, Ashok Kumar Buddharaju is Director
Approval Period: From 33rd AGM (2025-26) to 34th AGM (2026-27)
Maximum Aggregate Value: ₹50 crore
Previous Transactions: No transactions in last financial year or current financial year
Financial Impact:
- Value represents 1.89% of listed entity's annual consolidated turnover
- Related party FY2025-26 financials: Turnover ₹0, PAT (₹8,603), Net worth ₹91,397
Financial Performance Highlights (Audited)
FY2025-26 vs FY2024-25 (₹ in Lakhs):
- Net sales/Income from operations: 17,058.30 vs 11,154.10
- Other Income: 16.72 vs 36.10
- Total Revenue: 17,074.99 vs 11,190.20
- Total Expenditure: 15,960.48 vs 10,655.69
- Profit before tax: 1,114.51 vs 534.51
- Current Tax: 205.47 vs 89.22
- Deferred Tax: 171.28 vs (12.70)
- Net Profit: 737.75 vs 457.99
Director Information for Reappointment
Ashok Kumar Buddharaju
- Age: 59 Years
- Qualification: B. Tech
- Date of first appointment: 25/04/2023
- Current designation: Chairman and Managing Director (since 30th May 2023)
- Remuneration: ₹3,75,000 per month plus allowances and perquisites
- Tenure: Until 29th May 2028
- Board meetings attended: 10 out of 10
- Shareholding: 83,62,676 equity shares as of 31st March 2026
- Expertise: Strategic leadership, organizational management, project execution
Voting Instructions
- Remote e-voting through CDSL platform www.evotingindia.com
- Physical shareholders can vote using folio number
- Demat shareholders can vote through depository participants
- Members may join meeting through laptops, smartphones, tablets
- Questions may be submitted in advance to cs@acstechnologies.co.in
Documents Available for Inspection
- Existing Memorandum of Association
- Proposed altered Memorandum of Association
- Available at registered office during business hours
Registered Office Details
Level-7, Pardha Picasa Building, Madhapur, Durgam Cheruvu road, Hyderabad-500081, Telangana, India