ACI Infocom Ltd shares opened at ₹2.45 per share and touched an intraday high of ₹2.58, logging an intraday gain of around 5% during Tuesday's trading session. According to reports from Live Mint, the penny stock under ₹5 hit the 5% upper circuit for the sixth straight session, demonstrating sustained buying interest despite broader market weakness. The stock's strong performance came as the Nifty 50 index declined by around 50 points and the BSE Sensex fell by around 38 points, while the Bank Nifty index lost over 100 points during Tuesday's dealings. However, the stock failed to hold onto gains and declined nearly 3.5% in the second half of the trading session, closing at ₹2.37 per share with a market capitalisation of ₹26.19 crore.
The company is embarking on an aviation-focused transformation of its business, with the proposed acquirers Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia making an open offer to acquire up to 3,70,47,634 equity shares, representing 26% of the emerging voting share capital at ₹1.53 per equity share. As reported by Live Mint, the proposed transaction represents a significant development with the new promoters envisaging expansion into aviation and allied sectors, subject to shareholder approvals and regulatory permissions. The extraordinary general meeting is scheduled for September 9, 2026, at 2:00 PM to discuss the proposed acquisition and business transformation. According to the company's BSE filing, the revised object clauses include approval to operate airline services, manage aviation academies, and manufacture drones, eVTOL aircraft and defence equipment.
The proposed transformation enables comprehensive alteration of the company's objects clause to pursue opportunities across aviation and airline services, including scheduled and non-scheduled air transport for passengers, cargo, freight, logistics and allied services. According to the company's announcement, the proposed business scope extends to aircraft and aviation infrastructure, including airports, aerodromes, heliports, hangars, maintenance, repair and overhaul facilities, cargo terminals and aviation parks. Beyond conventional aviation, the company proposes to explore opportunities in emerging technology-driven segments such as drones, unmanned aerial vehicles, electric vertical take-off and landing aircraft, air taxis, and advanced air mobility solutions. The firm is currently engaged in IT products and services but aims to diversify into aviation, aerospace, and defence manufacturing.
ACI Infocom's stock has delivered impressive returns of around 60% in one month and approximately 101% in six months, demonstrating strong momentum despite recent volatility. The stock has a return on equity (ROE) of -10.66% and has traded between its 52-week high of ₹2.58 per share and 52-week low of ₹0.86 per share on February 16, 2025. The recent volatility reflects market uncertainty as investors assess the company's transformation strategy and the proposed acquisition, which could significantly alter ACI Infocom's business profile and growth prospects in the aviation sector.
