Nexta converts warrants into 7.2% stake in ACS Technologies
What's the deal? Nexta Enterprises LLP acquired a 7.2% stake in ACS TechnologiesDealroom has a profile for this one. Try Dealroom → Limited on July 03, 2026, by converting warrants into 5,000,000 equity shares. The move lifted its voting rights to 7.27% and pushed the company's equity share capital to US$9.43M.
How it works: Nexta previously held 1,25,00,000 warrants — 20.58% of total share capital — and no shares carrying voting rights. The conversion gives it 50,47,424 equity shares with voting rights, while it retains 75,00,000 warrants representing 10.80% of the total.
What changed: ACS Technologies allotted 5,000,000 new shares of US$0.14 each. Its equity share capital rose from US$8.25M to US$9.43M, split across 6,94,36,948 shares. Full conversion of outstanding convertibles would take diluted capital to US$13.6M.
Why now? The transaction was disclosed under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. ACS Technologies filed it with the Bombay Stock Exchange through company secretary Shilpi Gunjan.
The signal: Nexta, which does not belong to ACS Technologies' promoter group, has shifted from holding convertible instruments to holding equity — with room to grow further as its remaining warrants convert.
Read more: ScanX
Image credit: Niyantha
