Event Date: May 4, 2024
DCS/AMAL/JP/R37-IBC/3130/2024-25, dated April 05, 2024, from BSE to The Company Secretary, ACS TECHNOLOGIES LIMITED, concerns the in-principle approval for listing 5,89,80,094 Equity Shares of Rs. 10/- each allotted pursuant to a Resolution Plan.
BSE acknowledges receipt of ACS TECHNOLOGIES LIMITED's application for in-principle approval for listing shares with distinctive numbers from 1761855 to 60741948. The shares are divided into the following categories: 20,00,000 Equity Shares of Rs. 10/- each allotted on preferential basis bearing distinctive no. 1761855 to 3761854; 5,39,80,094 Equity Shares of Rs. 10/- each allotted on preferential basis for scheme of merger of ACS Technologies Ltd. With LN Industries Ltd (now known as ACS Technologies Ltd.) bearing distinctive no. 3761855 to 57741948; and 30,00,000 Equity Shares of Rs. 10/- each allotted on preferential basis bearing distinctive no. 57741949 to 60741948.
The Exchange is pleased to grant approval to the listing application for the aforementioned securities to be dealt with on the exchange.
ACS TECHNOLOGIES LIMITED is advised to submit the following documents: listing approval obtained from National Stock Exchange, if applicable; and confirmation letters from CDSL and / or NSDL with lock-in details (if any) about crediting the above mentioned shares to the respective beneficiaries account.
The letter is signed by Marian Dsouza, Senior Manager, and Jayanti Pradhan, Assistant Manager.
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Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
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The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
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Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
