GACM Technologies Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on April 29, 2026. Further, the company has informed the Exchange regarding voting results.
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GACM Technologies Limited held its Extraordinary General Meeting on April 29, 2026, where shareholders voted on a resolution to approve raising of funds through issuance of Foreign Currency Convertible Bonds (FCCBs). The resolution was passed with overwhelming majority, with 99.914% of valid votes (42,308,234 votes) in favor and only 0.086% (36,531 votes) against. A total of 149 shareholders participated in the voting process through both remote e-voting and e-voting during the EGM. This is a Special Resolution requiring at least 75% approval, which was comfortably achieved. The scrutinizer, A.K. Rastogi from M/s A K Rastogi and Associates, confirmed all resolutions were passed with requisite majority.
The approval for FCCB issuance indicates the company is exploring international capital markets to raise funds, which could support future growth plans. However, FCCBs may lead to potential share dilution upon conversion, which shareholders should monitor. The overwhelming approval signals strong shareholder confidence in management's plans.