GACM Technologies Limited — Important, 18-01-2025: Disclosure of material issue
18-01-2025 | 12:56 pm
18-01-2025 | 12:56 pm
The Rights Issue Committee of GACM Technologies Limited has approved the Draft Letter of Offer for a Rights Issue aimed at raising up to ₹49.90 crore (Cr) through the issuance of fully paid-up equity and DVR shares. This capital raise targets eligible shareholders and will proceed pending receipt of in-principle approvals from BSE and NSE, with the final terms and pricing to be determined by the Board. This move could significantly enhance the company's financial flexibility, supporting growth initiatives, and warrants close attention from investors as a potential value-accretive opportunity in line with strategic goals.
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