GACM Technologies Limited has informed the Exchange about Copy of pre- issue Newspaper Publication for rights issue of the Company.
GATECH · price
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GACM Technologies Limited (formerly Stampede Capital Limited) has filed copies of its pre-issue newspaper advertisement with the stock exchanges for its proposed rights issue. The rights issue comprises up to 42,32,83,900 fully paid-up equity shares and 7,35,26,112 fully paid-up EQ-DVR shares of face value ₹1/- each, priced at ₹1/- per share, aggregating up to ₹49.68 crores. The ratio is 51 rights shares for every 82 equity shares and 82 EQ-DVR shares held by eligible shareholders as on the record date of April 28, 2025. The issue closing date is June 02, 2025. The advertisements were published in Financial Express (English), Jansatta (Hindi), and Mana Jyothi (Telugu).
Eligible shareholders as on the record date (April 28, 2025) can subscribe to the rights shares in the specified ratio and must apply and make payment through the ASBA process by June 02, 2025. The extremely low issue price of ₹1 per share suggests the company is restructuring its capital base rather than raising meaningful new funds.