GACM Technologies Approves UK Subsidiary Creation for International Expansion; Discusses Preferential Share Issue
GACM Technologies Limited, during its Board of Directors meeting held on Thursday, June 25, 2026, approved several strategic corporate decisions aimed at expanding its international presence and addressing capital structure matters. The board sanctioned the incorporation of a Wholly Owned Foreign Subsidiary (WOFS) in the United Kingdom (UK).The WOFS is intended to facilitate the Company's growing international business operations. Details regarding the newly incorporated entity include:
| Particulars | Detail |
|---|---|
| Name of Entity | AURATRUST TECH LIMITED |
| Country of Incorporation | United Kingdom (UK) |
| Industry Focus | Software Development, Information Technologies or similar lawful business activities |
| Share Capital | 1,000 Ordinary Shares of GBP 1 each |
The board noted that the WOFS will be a related party to GACM Technologies from its inception. The proposed UK entity is set up to carry out businesses related to Software Development and Information Technologies.
In addition to approving the international venture, the Board reviewed a proposal concerning the issuance of Equity Shares to non-promoters on a preferential basis. This initiative involves a Share Swap mechanism relating to acquisitions in Market Simplified India Limited and WEXL EDU Private Limited.
The management entrusted the Preferential Issue Committee with finalizing the list of allottees and the quantity of the share swap, which is required to be completed within an eight-day period. The Company intends to announce the details of the allottees and the share swap in a subsequent Board Meeting, following necessary approvals from shareholders and relevant authorities.
GATECHDVR Stock Price Movement
Shares of GACM Technologies Limited on Thursday slipped by 2.17% to settle at ₹0.44 in the market close. The stock recorded 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.