GACM Technologies Limited — Others, 20-12-2024: Appointment

The Board of GACM Technologies Limited has made several key decisions. It has canceled the allotment of 646.99 crore convertible equity warrants due to a significant price difference between the allotment price and market price, leading potential participants to withdraw their applications. Additionally, Ms. Sai Naga Kathyayani Mugata has been appointed as a Non-Executive Non-Independent Director, bringing her 8 years of IT experience to the board. The board also approved the designation change of Mr. Mugatha Narendra Babu to Executive Director & CFO, signaling a shift towards a more operational leadership structure. This strategic move could enhance governance efficiency, potentially improving investor confidence.