GACM Technologies Limited — Board/Management Information 2020

Nov 28, 2020

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Date: 28.11.2020

To, To, The Secretary, The Manager, Listing Department Listing Department, BSE Limited National Stock Exchange of India Limited P.J Towers, Dalal Street, Fort, Exchange Plaza. 5th Floor, Plot No. C/1, G Block Mumbai - 400 001 Bandra-Kurla Complex, Bandra (E), Mumbai400051, Maharashtra. Scrip Code: 531723 / 570005 Symbol: STAMPEDE / SCAPDVR

Dear Sir/Madam,

Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015 (“LODR Regulations”).

Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 it is hereby informed that the meeting of Board of Directors of the Company held on Friday, 27[th] November, 2020, at 402 to 404, 4[th] Floor, Saptagiri Towers, Begumpet, above Pantaloons,, Hyderabad, Telangana, 500016 considered and approved following transactions:

1. Appointment of Mr. Jonna Venkata Tirupati Rao (DIN: 07125471) as Managing Director of the Company for a term of 3 (Three) Year subject to approval of members of the Company in ensuing Annual General Meeting. It is hereby affirmed that the Mr. Jonna Venkata Tirupati Rao, being appointed is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. (Brief Profile is attached herewith as Annexure – I) .

2. Reduction of Share Capital against the accumulated losses of the Company standing as on as on 31[st] March, 2019 on Proportionate Basis. (Brief Details are given in Annexure – II)

3. Addition of Name of following persons in Promoter. A. Mr. Jonna Venkata Tirupati Rao

4. A. Mr. Jonna Venkata Tirupati Rao : Acquirer B. Gayi Adi Management and Trends Private Limited : Person Acting in Concert

In furtherance to the outcome of Board Meeting given by the Company on exchange on 13[th] November, 2020 the Company noted the Completion of Takeover process by the Acquirer together with PAC for acquisition of up to 7,44,28,650 (Seven Crore Forty Four Lakh Twenty Eight Thousand Six Hundred Fifty only) shares consisting of 5,95,42,920 (Five Crore Ninety Five Lakh Forty Two Thousand Nine Hundred and Twenty only) fully paid-up equity shares of face value of INR 1 (Indian Rupee One) each (“Equity Shares”) and 1,48,85,730 (One Crore Forty Eight Lakh Eighty Five Thousand Seven Hundred Thirty only) fully paid-up differential voting right shares of face value of INR 1 (Indian Rupee One) each (“DVR Shares”) of Company. The Company had received request from Acquirer and Person Acting in concern for their addition in promoter list pursuant to share purchase agreement executed between Acquirer and existing promoters of the Company. The Board of Directors in its meeting held on 27[th] November, 2020 approved and designated Acquirer and Person Acting in Concert as Promoters of the Company which is in

Stampede Capital L ~~td~~

402 to 404, 4 Floor, Saptagiri Towers, Begumpet, above Pantaloons, Hyderabad-500016, Telangana, India . Tel: +91 40 234 05683/84, Email: cs@stampedecap.com, www.stampedecap.com CIN: L67120TG1995PLC020170

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consonance as per terms and conditions mentioned in share purchase agreement executed between Acquirer and existing promoters.

The Board Meeting commenced at 08:20 P.M. and concluded at 09:45 P.M.

We request you to take the above on your record.

For and on Behalf of STAMPEDE CAPITAL LIMITED

Digitally signed by Abhishek Jain DN: c=IN, o=Personal, postalCode=470335, Abhish st=Madhya Pradesh, 2.5.4.20=1678448d26e55ed73d25dfc2f95060b1dbc870712f022a24bf6fbaf28387597d, pseudonym=44BACB309ACB3C3D565619CF35D28E784A1ED09A, serialNumber=AE42D97C158EE706EBF795F ek Jain A855CB190A5E57140AD7594E935A79769F2933091, cn=Abhishek Jain Date: 2020.11.28 20:23:56 +05'30' ______ Abhishek Jain Company Secretary & Compliance Officer

Digitally signed by SRINIVAS MAYA DN: c=IN, o=Personal, 2.5.4.20=ebeb172cdb2e9daa0771fab ca2dd33f90749f4c3a6e493567bb140 0074c25fb4, postalCode=500068, st=TELANGANA, serialNumber=076a8a58a6bca8cad1 114b3b55c25050db8df3ba034ac6cc 12a7fc68fd9670dd, cn=SRINIVAS MAYA Date: 2020.11.28 20:25:56 +05'30'

SRINIVA S MAYA

_______ Srinivas Maya Director DIN: 08679514

Date: 28.11.2020 Place: Hyderabad

Stampede Capital L ~~td~~

402 to 404, 4 Floor, Saptagiri Towers, Begumpet, above Pantaloons, Hyderabad-500016, Telangana, India . Tel: +91 40 234 05683/84, Email: cs@stampedecap.com, www.stampedecap.com CIN: L67120TG1995PLC020170

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Annexure – I

Sr. No.		Disclosure Requirements	Mr.Jonna Venkata Tirupati Rao
1.		Reason for Change Viz. Appointment, ~~resignation;-~~ ~~removal, death-or- otherwise~~	Appointment ofMr. Jonna Venkata Tirupati Raoas Managing Director of the Company, subject to approval of the Members at ensuingAGM
2.		Date of appointment / ~~cessation~~(as applicable) & term of appointment	27.11.2020
3.		Brief Profile	Mr. Jonna Venkata Tirupati Rao has pursued his BBA. He is having a vast experience of 18 years in the field of Indian Securities Markets. He leads the corporate team and directs the process. He - Was Regional Head of Kotak Commodity Services Limited - Was Business Head in Commodity and Currency of AP region in Anand Rathi Securities - Was Zonal Director of CD Equi-search Private Limited - Was Sr. Vice President at Anand Rathi Securities - Was CEO with Basan Equity Broking Limited - Was Managing Director with GSV Securities Private Limited.
4.		Disclosure of relationships between Directors (in case of appointment of a Director	Mr. Jonna Venkata Tirupati Rao is not related to any Promoter of the Company as on date. However, he is related to Acquirer of the Company since he is Director in Board of Acquirer. Moreover, he is spouse ofMrs. Shaik Haseena (DIN: 08141400) Additional Non Executive, Non Independent Director of the Company.
5.		Shareholding	Equity Shares : 31,99,602 DVR : 250

Stampede Capital L ~~td~~

402 to 404, 4 Floor, Saptagiri Towers, Begumpet, above Pantaloons, Hyderabad-500016, Telangana, India . Tel: +91 40 234 05683/84, Email: cs@stampedecap.com, www.stampedecap.com CIN: L67120TG1995PLC020170

Annexure – II

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Sr. No.		Particulars
				Details
1.	Amount of proposed reduction of Paid up Share Capital of the Company		The total paid up Share Capital of the Company shall be reducedFROMRs. 28,62,64,000/- (Rupees Twenty Eight Crores Sixty Lakhs Sixty Four Thousand only) divided into 22,90,11,200 Equity Shares with ordinary voting rights of Rs. l/- each fully paid up and 5,72,52,800 Equity Shares with Differential Voting rights of Rs. l/- each fully paid upTORs. 11,45,05,600/- (Rupees Eleven Crores Forty Five Lakhs Five Thousand Six Hundred only) divided into 9,16,04,480 Equity Shares with ordinary voting rights of Re. 1/- each fully paid up and 2,29,01,120 Equity Shares with Differential Voting rights of Re. l/-each fully paid up each
2.	Reason for proposed reduction		Due to increasing in accumulated losses
3.	Basis of proposed reduction		60 % reduction of Paid up Share Capital of the Company on Proportionate Basis
4.	Member’s Approval for proposed reduction		Proposed for approval in ensuing 25thAnnual General Meeting
5.	Quantitative & Qualitative effect of proposed reduction		Nil since proposed reduction is on proportionate basis.
6.	Details of benefit, if any, to the promoter / promoter group / group companies from proposed reduction.		Nil since proposed reduction is on proportionate basis.
7.	Details of change in Shareholding pattern		As stated Below

The Pre and Post Reduction Shareholding pattern of the Company will be as follows:

A. Equity Shares with Ordinary Voting Rights:

	Particulars		Prior to Reduction of Capital	Prior to Reduction of Capital		Post Reduction of Capital	Post Reduction of Capital
		No	of Shares(Rs. 1/-)	% to Total	No of	Shares(Rs. 1/-)	% to Total
Promoter’s & Promoter Group			3,95,81,890	17.28	1,58,32,756		17.28
Public Shareholding			18,94,29,310	82.72	7,57,71,724		82.72
Total			22,90,11,200	100	9,16,04,480		100

B. Equity Shares with Differential Voting Rights:

	Particulars		Prior to Reduction of Capital	Prior to Reduction of Capital		Post Reduction of Capital	Post Reduction of Capital
		No	of Shares(Rs. 1/-)	% to Total	No of	Shares(Rs. 1/-)	% to Total
Promoter’s & Promoter Group			2,44,95,725	42.79		97,98,290	42.79
Public Shareholding			3,27,57,075	57.21	1,31,02,830		57.21
Total			5,72,52,800	100	2,29,01,120		100

Stampede Capital L ~~td~~

402 to 404, 4 Floor, Saptagiri Towers, Begumpet, above Pantaloons, Hyderabad-500016, Telangana, India . Tel: +91 40 234 05683/84, Email: cs@stampedecap.com, www.stampedecap.com CIN: L67120TG1995PLC020170