GACM Technologies: All 10 resolutions passed at 31st AGM, including QIP fundraising
GACM Technologies Limited's 31st AGM on September 30, 2026, saw all 10 resolutions pass. Key approvals include adopting FY26 financial statements, director appointments, and raising up to ₹200 Crore via QIP. The company also approved a share swap for acquiring a stake in WEXL EDU Limited.
The approval of the ₹200 Crore QIP and the share swap for acquisition are material events that can significantly impact the company's financial structure and strategic direction.
All resolutions, including significant financial and corporate actions like fundraising and acquisitions, were passed with a requisite majority, indicating strong shareholder support.
GACM Technologies Limited announced the voting results and the Scrutinizer’s Report for its 31st Annual General Meeting (AGM) held on September 30, 2026. The meeting was conducted through Video Conferencing (VC)/other Audio Visual means (OAVM).
All ten resolutions presented at the AGM were passed with the requisite majority by the shareholders. These 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 appointment/re-appointment of directors including Mr. Jonna Venkata Tirupati Rao as Managing Director and Mr. Srinivas Maya as Whole Time Director.
Key resolutions approved also involved the appointment of Mr. Chandra Sekhar Dasaka as an Independent Director, approval for material-related party transactions, an increase in the authorized share capital, and the issuance of equity shares on a preferential basis (share swap) for the acquisition of a stake in WEXL EDU Limited. Notably, shareholders also approved raising funds up to ₹200 Crores through a Qualified Institutions Placement (QIP).
The remote e-voting period was from September 25, 2026, to September 29, 2026. The Scrutinizer’s Report, confirming the successful passage of all resolutions, was submitted on October 1, 2026.
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