GACM Technologies Limited has informed the Exchange regarding Board meeting held on August 22, 2025.
GATECHDVR · price
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GACM Technologies Limited's Board met on August 22, 2025 and approved several key items. The 30th Annual General Meeting is fixed for September 25, 2025 via video conferencing, and the Annual Report for FY 2024-25 was approved. The Board approved increasing the authorized share capital from ₹300 Crores to ₹550 Crores, subject to shareholder approval at the AGM. Two director-related changes were approved: re-appointment of Mr. Anil Takur as Independent Director and appointment of new Independent Director Mr. Chandra Sekhar Dasaka. The Board also set August 26, 2025 as the relevant date for a preferential allotment (Share Swap) and Qualified Institutions Placement (QIP), and the meeting was adjourned to that date for further business.
Shareholders should note the proposed increase in authorized share capital and the upcoming QIP/preferential share swap, which could lead to dilution. Multiple items including capital expansion, director changes, and auditor appointments require shareholder approval at the September 25 AGM, so investors may want to track the voting outcomes.