GACM Technologies Approves UK Foreign Subsidiary and Discusses Preferential Share Issue
GACM Technologies Limited, at a meeting of its Board of Directors held on June 25, 2026, approved the incorporation of a Wholly Owned Foreign Subsidiary (WOFS) in the United Kingdom (UK). The board also deliberated on a proposal concerning a preferential issue of equity shares to non-promoters for the acquisition of stakes in two private limited companies.The Board meeting, which concluded at 04:00 P.M. (I.S.T.), held at the company’s Hyderabad office, covered various business matters, including setting up international operations and reviewing potential transactions.
Key Decisions from the Board Meeting
1. Incorporation of Wholly Owned Foreign Subsidiary (WOFS)The directors approved the incorporation of a WOFS in the UK to expand GACM Technologies Limited's international business operations. Designated officials were authorized to manage all necessary actions, filings, and compliances related to the subsidiary, subject to statutory requirements.
Details regarding the newly incorporated entity include:
| Particular | Detail |
|---|---|
| Name of Entity | AURATRUST TECH LIMITED |
| Country of Incorporation | United Kingdom (UK) |
| Share Capital | 1,000 Ordinary Shares of GBP 1 each |
| Industry | Software Development, Information Technologies |
| Ownership Stake | 100% held by GACM Technologies Limited |
The proposed WOFS will conduct business related to Software Development and Information Technologies. While the board noted that it would be a related party from incorporation, the promoter/promoter group/group companies are not interested in the proposed WOFS, save as mentioned above.
2. Preferential Issue for Share Acquisition
The Board discussed and deliberated on issuing equity shares to non-promoters on a preferential basis (Share Swap). This move is intended for the acquisition of stakes in Market Simplified India Limited and WEXL EDU Private Limited.
The company decided to undertake preparatory activities concerning this proposed transaction, including stakeholder communications and background work. The board noted that the date for the shareholders' meeting to seek requisite approvals would be determined at a subsequent Board Meeting.
Meeting Credentials Summary
Details regarding the Board meeting held by GACM Technologies Limited are provided below:| Particulars | Details |
|---|---|
| Intimation Date | June 16, 2026 |
| Day and Date of Meeting | Thursday, June 25, 2026 |
| Place of Board Meeting | 2nd Floor, GHMC No- 3-260/KA/201/NR PLOT NO. 260, Guttala Begumpet, Kavuri Hills, Hyderabad- 500033, Telangana, India |
| Commencement Time | 03:00 P.M. (I.S.T) |
| Concluded Time | 04:00 P.M. (I.S.T) |
GATECHDVR Stock Price Movement
Shares of GACM Technologies Limited slipped by 2.17% on Thursday, settling at ₹0.44 after trading within a daily range of ₹0.37 to ₹0.55. The stock saw a total traded volume of 734,236 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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