GACM Technologies Limited has submitted the Exchange a copy Srutinizers report of 30th AGM held on September 25, 2025
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Two significant special resolutions were also approved: (1) issuance of equity shares to non-promoters on a preferential/share-swap basis to acquire a 5.09% stake in Market Simplified India Limited and a 20.83% stake in WEXL Edu Private Limited (99.28% in favor), and (2) raising of funds up to Rs. 400 crores through a Qualified Institutions Placement (QIP) (99.56% in favor). Approval was also secured for material related party transactions. The scrutinizer, Mr. A.K. Rastogi, confirmed the e-voting process was conducted fairly and transparently through CDSL.
Shareholders should note the approval of the Rs. 400 crore QIP, which could lead to equity dilution but also provides capital for growth. The share-swap acquisitions of stakes in Market Simplified India and WEXL Edu signal strategic expansion into new business areas. Overall, smooth passage of all resolutions with near-unanimous support indicates strong shareholder confidence in management's direction.