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

The Board of Directors of GACM Technologies Limited has approved the withdrawal and cancellation of the allotment of 646,994,500 convertible equity warrants due to a significant price difference between the allotment price and the market price, leading to a lack of interest from participants. Additionally, Ms. Sai Naga Kathyayani Mugata has been appointed as an Additional Non-Executive and Non-Independent Director. Mr. Mugatha Narendra Babu has been designated as the Executive Director and CFO of the company. These changes are likely to influence the company’s strategic direction and governance structure.