Committee Meeting Updates

GACM Technologies' Fund-Raising Committee has approved the allotment of 49.50 crore Equity Shares to qualified institutional buyers at ₹1 each through a Qualified Institutional Placement (QIP). This QIP successfully raised ₹49.50 Cr for the company.

Consequently, the paid-up Equity Share capital has increased from ₹110.27 Cr to ₹159.77 Cr.

Key institutional investors, including AL MAHA Investment Fund, Magnifica Global Opportunities VCC, Minerva Ventures Fund, and Ebisu Global Opportunities Fund, received significant allocations.

This capital infusion strengthens the company's financial position, supporting future growth and operational needs.