ALPHA TRIBE

GACM Technologies LimitedImportant, 17-08-2026: Committee Meeting Updates

17-08-2026 | 06:12 pm

GACM Technologies Limited's Fund-Raising Committee has approved a Qualified Institutions Placement (QIP). The company allotted 49.50 crore Equity Shares at ₹1 each to eligible qualified institutional buyers, successfully raising ₹49.50 crore. This strategic fundraising significantly boosts the company's financial strength by increasing its paid-up equity share capital from ₹110.27 crore to ₹159.77 crore. Four institutional investors received substantial allocations, each securing over 5% of the total shares offered in the QIP, indicating strong institutional interest.

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