GACM Technologies Limited has informed the Exchange regarding Board meeting held on August 22, 2025.
GATECH · price
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GACM Technologies' board approved fixing the 30th AGM on September 25, 2025 via video conferencing, along with the FY2024-25 Annual Report. The board approved raising the authorized share capital from ₹300 crore to ₹550 crore, subject to shareholder approval. It appointed Mr. Chandra Sekhar Dasaka as a new Independent Director, re-appointed Mr. Anil Takur for a second term, and named internal and secretarial auditors for FY2025-26. August 26, 2025 was set as the relevant date for a proposed preferential allotment (share swap) and Qualified Institutions Placement (QIP). The meeting was adjourned to August 26, 2025 for remaining agenda items.
The authorized capital hike and a fixed relevant date for a share swap/QIP signal that a potential equity dilution or restructuring event is being lined up for shareholder approval at the AGM. Director changes and auditor appointments are routine, but investors should watch the August 26 adjourned meeting for further details on the capital-raising plans.