GACM Technologies Announces Board Meeting to Discuss UK Subsidiary and Preferential Share Offer
GACM Technologies Limited has scheduled a meeting of its Board of Directors for Thursday, June 25, 2026. The meeting is set to deliberate on strategic expansion plans, including the establishment of a foreign subsidiary and a proposal involving a preferential share issuance.One key agenda item focuses on approving the incorporation of a Wholly Owned Foreign Subsidiary (WOFS) in the United Kingdom (UK). This move is intended to expand the Company's international business operations. The Board will also authorize designated officials to undertake all necessary actions and compliance related to this new venture.
The second major discussion point relates to a proposal for issuing Equity Shares of the company to non-promoters on a preferential basis through a Share Swap mechanism. This transaction involves acquiring stakes in two entities: Market Simplified India Limited, where GACM Technologies seeks 5.66%, and WEXL EDU Private Limited, where the stake sought is 21.66%.
In adherence to internal conduct rules regarding insider trading, the Trading Window for all Designated Persons and their immediate relatives remains closed starting from June 16, 2026. This restriction will remain in place until 48 hours following the conclusion of the Board Meeting.
GATECH Stock Price Movement
Today, shares of GACM Technologies Limited settled flat at ₹0.52 following the close, having registered a 0.00% change in trading value. The stock recorded a total traded volume of 5.39 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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