GACM Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/09/2025 ,inter alia, to consider and approve To create, offer, issue, ....
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GACM Technologies has informed stock exchanges that its Board of Directors will meet on September 3, 2025. The key item on the agenda is to consider and approve raising funds up to Rs 1,000 crores by creating, offering, issuing, and allotting securities. The company may use multiple routes including Qualified Institutions Placement (QIP), American Depositary Receipts (ADR), Global Depositary Receipts (GDR), or Foreign Currency Convertible Bonds (FCCBs), in one or more tranches. The move is being made under Section 62(1)(c) of the Companies Act, 2013. This is only an advance intimation of the board meeting — the actual decision, pricing, and structure will be decided at the meeting.
Shareholders should watch for the board meeting outcome on September 3, as approval of a fund raise up to Rs 1,000 crores could lead to equity dilution depending on the route chosen (especially QIP or convertible instruments). The stock may see volatility around the announcement date.