GACM Technologies Limited has informed the Exchange about Copy of Newspaper Publication for Basis of Allotment published in connection with Rights Issue of the Company.
GATECHDVR · price
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GACM Technologies Limited has submitted copies of the newspaper publication announcing the basis of allotment for its recently concluded Rights Issue. The ad was published in Financial Express (English), Jansatta (Hindi), and Mega Jyothi (Telugu). The rights issue offered up to 42,21,68,122 Equity Shares and 7,14,47,440 EQ-DVR shares at ₹1 each, aggregating up to ₹49.36 crores, in a ratio of 51 rights shares for every 82 shares held (record date April 28, 2025). The issue opened on May 6, 2025 and closed on June 4, 2025. The company allotted the full 42,21,68,122 equity shares and 7,14,47,440 EQ-DVR shares on June 14, 2025, and has received listing approvals from both BSE and NSE on June 17, 2025. Credit of shares to demat accounts has been completed.
The rights issue is now fully allotted and the new shares are awaiting trading approval on BSE and NSE. Existing shareholders' holdings have been diluted as per the 51:82 ratio, with the fresh equity now reflected in demat accounts. The completion of allotment and pending listing means the new shares should be available for trading shortly, increasing the share float on the exchanges.