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

GACM Technologies has announced a board meeting where key decisions were made, including the withdrawal and cancellation of a proposed preferential allotment of 646,994,500 convertible equity warrants due to a significant price difference at the time of allotment. The board also appointed Ms. Sai Naga Kathyayani Mugata as a Non-Executive, Non-Independent Director, bringing over 8 years of experience in IT and engineering, and designated Mr. Mugatha Narendra Babu as Executive Director & CFO. This restructuring may enhance governance and operational efficiency, potentially generating a positive outlook as investor confidence could benefit from these strategic appointments.