GACM Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/09/2025 ,inter alia, to consider and approve To create, offer, issue, ....
GATECH · price
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GACM Technologies has informed the stock exchanges that its Board of Directors will meet on Wednesday, September 3, 2025. The main item on the agenda is to consider creating, offering, issuing, and allotting securities worth up to Rs 1,000 crore under Section 62(1)(c) of the Companies Act, 2013. The company may raise this amount through one or more methods, including a Qualified Institutions Placement (QIP), American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs), or any other permitted route. The fund raise could happen in one or more tranches. No specific pricing, timing, or use of proceeds has been disclosed yet.
This is a large potential capital raise (up to Rs 1,000 crore) that could lead to dilution for existing shareholders once executed. The stock may see some volatility ahead of the board meeting on September 3 as the market awaits details on the size, price, and purpose of the issue.