GACM Technologies Limited has informed the Exchange about Copy of Newspaper Publication of Basis of Allotment published in connection with Rights Issue of the Company.
GATECH · price
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Awaiting price reaction for this filing.
GACM Technologies has completed its Rights Issue of up to 42.21 crore equity shares and 7.14 crore EQ-DVR shares at Re 1 per share, aggregating up to Rs. 49.36 crore. The issue opened on May 6, 2025 and closed on June 4, 2025, in the ratio of 51 rights shares for every 82 equity shares and 82 EQ-DVR shares held. The issue was fully subscribed, with 1,286 equity applications and 332 EQ-DVR applications received. On June 14, 2025, the company allotted the full 42,21,68,122 equity shares and 7,14,47,440 EQ-DVR shares to successful applicants. Listing approvals were received from both BSE and NSE on June 17, 2025, and shares have been credited to demat accounts. The basis of allotment advertisement was published in Financial Express, Jansatta, and Mega Jyothi newspapers.
Positive for shareholders - the rights issue was fully subscribed, meaning strong investor confidence. Allotted shares are now listed and tradable on BSE and NSE, providing liquidity to investors who exercised their rights.