GACM Technologies appoints Mr. Siddarth Bhagwanji as CEO effective Sept 24, 2026

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹0.49

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.5%-0.6% vs market

Other Financial Services peers, median of 84sector-0.1%-1.9% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.9 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 84Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GACM Technologies board approved appointment of Mr. Siddarth Bhagwanji as CEO effective Sept 24, 2026. He has 13 plus years experience in SaaS, FinTech, and product management, and holds a PGP from IIM Ahmedabad. Board also shifted its planned wholly owned subsidiary from the UK to Hong Kong, and finalized amendments to its share swap deal to acquire 22.18 percent stake in WEXL Edu for an enterprise value of Rs 119.71 Crores at a 120 to 1 swap ratio.

Likely market impact

New external CEO brings SaaS and FinTech leadership. Share swap with WEXL Edu will significantly dilute existing shareholders via over 1.19 billion new shares.