GACM Technologies Limited Board Approves Issuance of FCCB, STPI Registration, and EGM Details
The Board of Directors of GACM Technologies Limited, in a meeting held on Tuesday, April 07, 2026, approved several key corporate actions related to financing, expansion, and shareholder engagement.The Board sanctioned the issuance of a foreign currency convertible bond (FCCB) for an amount not exceeding US$699,000,000.00 (US Dollar Six hundred and ninety Nine Million). This issuance can be structured through permissible modes, whether listed or unlisted, and across one or more tranches, subject to all requisite approvals, including those from shareholders and regulatory and statutory bodies. To facilitate this, the Board established and authorized a Fund-Raising Committee to determine the terms and conditions of the proposed fundraising and other related matters.
Additionally, the company's proposal for registration with the Software Technology Parks of India (STPI) in Hyderabad was approved. This registration aims to enable GACM Technologies Limited to undertake the export of software products and/or services, allowing the company to avail benefits under the STPI scheme, provided all applicable laws and regulations are adhered to.
The Board also approved convening an Extra Ordinary General Meeting (EGM) on April 29, 2026, to seek shareholder approval for the aforementioned items. The draft notice for the EGM was also sanctioned.
In operational matters related to the EGM, Mr. Anil Kumar Rastogi, practicing Company Secretary (Membership No. FCS1748), was appointed as the Scrutinizer to oversee the voting process for the ensuring EGM. The cut-off date for determining eligibility to vote for the EGM has been set as April 22, 2026.
Board Meeting Details
The details regarding the Board meeting are presented below:| Particulars | Details |
|---|---|
| Intimation under Regulation 29 for Board Meeting | March 30, 2026 |
| Day & Date of Board Meeting | Tuesday, April 07, 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) |
The company's official website is www.gacmtech.com, and this information is also available on the websites of the National Stock Exchange of India Limited (www.nseindia.com) and BSE Limited.
GATECHDVR Stock Price Movement
Today, GACM Technologies Limited shares edged higher to close at ₹0.42, marking a 2.44% gain for the session. The stock experienced robust trading throughout the day, with a total volume of 230,527 shares recorded.Source:
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.