GACM Technologies Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on April 29, 2026
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GACM Technologies Limited held an Extraordinary General Meeting on April 29, 2026 via video conferencing. The meeting lasted 25 minutes (11:30 AM to 11:55 AM) and was attended by all six directors including the Managing Director and CFO. The sole agenda item was a Special Resolution to approve raising of funds by issuance of Foreign Currency Convertible Bonds (FCCBs). Remote e-voting was conducted from April 24 to April 28, 2026. The actual voting results are pending submission of the Scrutinizer's report, which will be uploaded to stock exchanges within prescribed timelines.
The FCCB issuance proposal represents potential capital raising through convertible bonds, which could bring foreign funds but may lead to equity dilution upon conversion. The actual outcome depends on the Scrutinizer's report which is yet to be filed.