GACM Technologies Limited — Board Meeting, 20-12-2024: Outcome of Board Meeting

The Board of Directors of GACM Technologies Limited held a meeting where it made several key decisions. The board has withdrawn and cancelled the allotment of 64.70 crore convertible equity warrants due to a substantial price difference between the allotment price and current market rates. Additionally, the board appointed Ms. Sai Naga Kathyayani Mugata as an Additional Director (Non-Executive and Non-Independent). Furthermore, Mr. Mugatha Narendra Babu has been designated as the Executive Director and CFO of the company.