ACS Technologies Ltd Share Price

Summary

ACS Technologies Limited, formerly known as LN Industries India Limited was established on January 19, 1993. The Company name was changed to LN Polyesters Limited from LN Industries India Limited in November, 2010 and thereafter, has changed to ACS Technologies Limited on June 26, 2023. Initially, the Company engaged in the manufacture of Texturized Twisted Polyester Dyed Yarn and Nylon Dyed Yarn. One of the major finished products of the Company Polyester Dyed Yarn is used in the manufacturing of Dress Materials, Sarees, Shirting, Suiting and Furnishing Fabrics. Another product Nylon Dyed Yarn is used in the manufacture of Socks, Sports Gear etc..As per Scheme of Arrangement, the Company merged with the erstwhile, LN Industries Limited effective 31 March, 2022. As per the Honble National Company Law Tribunal, the objects of the business had been changed to Information Technology/Information Technology Enabled Services in 2022-23. In terms of the said Scheme, 5,39,80,094 Equity Shares of Rs. 10/- each were allotted on preferential basis for scheme of merger of the Company with LN Industries Ltd in 2024. In FY24, the Company has ventured into two emerging verticals: Artificial Intelligence and Smart Data Analytics and Industrial Automation. Additionally, it has onboarded experts in Cybersecurity Solutions and Audit. It has implemented one of its kind AI based System for a Defence Agency for a critical Military Application. It has developed core competency in AI based systems
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