ACI Infocom Promoter Sells 12.87 Lakh Shares, Reduces Stake to 2.05%

Pujya Guruwar Textile India Pvt Ltd, a promoter entity of ACI Infocom Limited, has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the sale of 12,86,610 equity shares. The transaction was executed through open market operations on March 23 and March 24, 2026.

SAST Regulatory Disclosure

The disclosure was submitted to BSE Limited on March 24, 2026, in compliance with regulatory requirements for substantial shareholding changes. The filing was authorized by Kushal Chand Jain (DIN: 03545081), Director of Pujya Guruwar Textile India Pvt Ltd.

Parameter: Details Regulatory Framework: SEBI (SAST) Regulations, 2011 Filing Date: March 24, 2026 Transaction Mode: Open Market Exchange: BSE Limited Scrip Code: 517356

Transaction Details

The share sale represents a strategic divestment by the promoter entity, executed across two consecutive trading sessions. The transaction details are as follows:

Transaction Parameter: Value Shares Sold: 12,86,610 equity shares Percentage Sold: 1.16% Transaction Dates: March 23-24, 2026 Total Share Capital: 11,04,90,900 shares

Shareholding Impact Analysis

The transaction has resulted in a significant reduction of Pujya Guruwar Textile India Pvt Ltd's stake in ACI Infocom Limited. The detailed shareholding pattern shows:

Shareholding Position: Before Transaction After Transaction Change Number of Shares: 35,56,297 22,69,687 -12,86,610 Percentage Holding: 3.22% 2.05% -1.16% Voting Rights: 3.22% 2.05% -1.16%

Company Information

Pujya Guruwar Textile India Pvt Ltd operates from Pali Marwar, Rajasthan, with its registered office at Police Thana Road, Old Bus Stand Road. The company is incorporated under CIN U46411RJ2009PTC046981 and maintains its email communication at progdyechempvtltd@yahoo.in .

The disclosure was also copied to ACI Infocom Limited at its registered address in Kandivali (East), Mumbai, ensuring all relevant parties are informed of the shareholding change as per regulatory protocols.

ACI Infocom Ltd. has strengthened its leadership team with the appointment of aviation industry veteran Sanjay Natvarlal Mandavia as Additional Executive Director. The Mumbai-based company announced this strategic appointment following a board meeting held on February 21, 2026.

Board Meeting Details

The board of directors convened on February 21, 2026, to deliberate on key organizational matters. The meeting, which ran from 11:00 A.M. to 11:30 A.M., resulted in the unanimous approval of Mandavia's appointment as Additional Executive Director with immediate effect from the same date.

Parameter: Details Meeting Date: February 21, 2026 Meeting Duration: 11:00 A.M. to 11:30 A.M. Appointment Effective: February 21, 2026 Position: Additional Director (Executive) Scrip Code: 517356

New Director's Professional Background

Sanjay Natvarlal Mandavia brings significant aviation industry expertise to ACI Infocom's board. His professional journey encompasses multiple facets of the aviation sector, from operational roles to entrepreneurial ventures.

Career Highlights:

Former Senior Pilot and DGCA-approved Check Pilot at Kingfisher Airlines

Founder of Flight Simulation Techniques Centre (FSTC) after Kingfisher's closure in 2012

Launched FlyBig in 2021 to enhance regional connectivity across tier-2 and tier-3 cities

Pioneer in pilot simulation training in India

Governance and Independence

The company has disclosed that Mandavia maintains complete independence from existing board members, with no familial or professional relationships with current directors. This appointment aligns with corporate governance best practices, ensuring objective decision-making and diverse perspectives in board deliberations.

Regulatory Compliance

The appointment announcement was made in full compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also adhered to SEBI Circular No. SEBI/HO/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, providing comprehensive disclosure of the new director's background and qualifications. The official communication was signed by Managing Director Pradeep Natvarlal Dhanuka (DIN: 00326544).

This strategic appointment reflects ACI Infocom's commitment to enhancing its leadership capabilities and potentially exploring new business opportunities in the aviation and technology sectors.

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