GACM Technologies Limited — Important, 18-01-2025: Disclosure of material issue
18-01-2025 | 01:00 pm
18-01-2025 | 01:00 pm
The Rights Issue Committee of GACM Technologies Limited has approved the Draft Letter of Offer to raise funds by issuing fully paid-up equity shares and DVR shares at a face value of Rs. 1 each. This rights issue is aimed at eligible equity shareholders, subject to later approval by BSE and NSE. The total fund raise is expected to be up to Rs. 49.90 Crore, aligning with the company’s strategic financial initiatives and growth aspirations.
This move could enhance the company's capital structure and support future operational growth, but investors should watch closely for the finalized terms and pricing yet to be determined by the Board.
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