GACM Technologies Secures In-Principle Approval from BSE for Foreign Currency Convertible Bond Issuance
GACM Technologies Limited has received an In-Principle Approval Letter dated May 29, 2026, from the Bombay Stock Exchange (BSE) Limited. This approval pertains to the company's proposed issuance of Foreign Currency Convertible Bonds (FCCBs).The BSE granted in-principle approval for the issue and allotment of equity shares associated with the FCCBs. The total aggregate amount sought through this issuance does not exceed USD 699 Million or its equivalent, as stipulated under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The in-principle approval is subject to GACM Technologies Limited fulfilling several conditions mandated by the Exchange. These obligations include:
| Requirement Area | Condition Details |
|---|---|
| Application Submission | Submission of the listing application form for securities issued, along with necessary documents as per the checklist available on BSE's website. |
| Fee Payment | Payment of prescribed fees as may be determined from time to time. |
| Statutory Compliance | Receipt and compliance with all statutory approvals and guidelines from authorities such as SEBI, RBI, MCA, and FEMA. |
| Regulatory Adherence | Compliance with the guidelines and regulations set forth by the Exchange or any statutory authorities. |
| Legal Compliance | Compliance with the Companies Act, 2013, and all other applicable laws. |
The BSE noted that the company must comply with all conditions stipulated in the approval letter. The approval is contingent upon meeting these requirements, among others, before the listing can be issued by the Exchange.
GATECHDVR Stock Price Movement
As of 12:08 PM, GACM Technologies Limited's shares are slipping by 2.04% in live trading, currently at ₹0.48 after shedding ₹0.01 per share. The company has seen a volume of 449,125 shares traded so far today.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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