ALPHA TRIBE

GACM Technologies LimitedOthers, 31-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

31-01-2025 | 05:23 pm

GACM Technologies Limited has announced a board meeting to confirm that there has been no deviation or variation in the use of proceeds from its recent Rights Issue, which raised ₹39.94 crore. The funds have been allocated as originally intended for capital expenditures, borrowing repayments, and investments. This clarity reinforces the company’s commitment to its stated objectives, which may enhance investor confidence. With funds actively utilized in line with initial plans, the outlook remains positive, highlighting management's adherence to strategic financial governance.

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