GACM Technologies AGM: All resolutions passed with overwhelming majority
GACM Technologies Limited's 31st AGM on September 30, 2026, saw all resolutions pass with high majorities. Key approvals include adopting FY26 financial statements, re-appointing directors and auditors, and a ₹200 Crore QIP fundraising. Voting results confirmed strong shareholder support for all agenda items.
The AGM's outcomes, particularly the approval of financial statements and the significant ₹200 Crore QIP fundraising, are material events that can impact the company's future operations and financial structure.
All resolutions presented at the AGM were passed with a significant majority, indicating strong shareholder confidence and approval of the company's decisions and financial performance.
GACM Technologies Limited has announced the voting results and the Scrutinizer's Report for its 31st Annual General Meeting (AGM) held on September 30, 2026. The meeting, conducted through Video Conferencing (VC) and other Audio Visual means (OAVM), saw all proposed resolutions passed with a significant majority.
The resolutions included the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, the re-appointment of statutory auditors, and the re-appointment of Mr. Jonna Venkata Tirupati Rao as a Director and Managing Director. Additionally, resolutions concerning the appointment of Mr. Chandra Sekhar Dasaka as an Independent Director, the re-appointment of Mr. Srinivas Maya as a Whole Time Director, approval for material-related party transactions, an increase in authorized share capital, issuance of equity shares for acquisition of stake in WEXL EDU Limited via share swap, and raising of funds up to ₹200 Crores through Qualified Institutions Placement (QIP) were also approved.
The remote e-voting period was open from September 25, 2026, to September 29, 2026. The Scrutinizer's Report, dated October 1, 2026, confirmed that all resolutions received overwhelming support from shareholders, with votes in favour consistently exceeding 98% for most resolutions and above 99% for several key items including financial statement adoption and the QIP fundraising.
The company has hosted the voting results on its website (https://gacmtech.com/) and the stock exchanges' websites (www.nseindia.com and www.bseindia.com).
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