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 for 646.99 crore convertible equity warrants on a preferential basis due to significant price differences between the allotment and market prices, resulting in a lack of interest from participants. Additionally, Ms. Sai Naga Kathyayani Mugata has been appointed as Additional Director, Non-Executive and Non-Independent, contributing her 8 years of experience in Information Technology. Mr. Mugatha Narendra Babu has been designated as Executive Director & CFO, indicating strategic leadership changes within the company.