GACM Technologies Limited — Important, 22-04-2025: General Updates

The Rights Issue Committee of GACM Technologies Limited (formerly Stampede Capital Limited) has approved a rights issue of fully paid-up equity shares and DVR shares, aiming to raise up to ₹50 Crore. A total of approximately 42.33 crore equity shares and 7.35 crore DVR shares, each with a face value of ₹1, will be issued at the same price. The record date for determining eligible shareholders is April 26, and the rights issue will open on May 6, with an expected closing on June 2. The entitlement ratio is set at 51 shares for every 82 shares held by existing shareholders. This move aligns with the company's strategic plans for capital mobilization, potentially enhancing liquidity and driving growth. Investors should monitor this development for its implications on share structure and future funding capabilities.