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 1st Extraordinary General Meeting on April 29, 2026 via video conferencing. Shareholders voted on approving the raising of funds through issuance of Foreign Currency Convertible Bonds (FCCBs). The resolution was passed with overwhelming shareholder support - 42.3 million votes in favour (99.91%) versus only 365,317 votes against (0.09%). Remote e-voting was conducted from April 24-28, 2026 through CDSL, and the scrutinizer confirmed all resolutions were passed with the requisite majority.
The approval of FCCB issuance enables the company to raise foreign currency denominated capital. This could fund expansion, debt repayment, or general corporate purposes. The near-unanimous shareholder support signals confidence in the company's capital raising plans.