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GACM Technologies Limited — Board/Management Information 2024
Dec 20, 2024
60715_rns_2024-12-20_e2f1d4b0-5e4b-4aab-b22b-915ad6bb2684.pdf
Board/Management Information
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GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Date: December 20, 2024
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: GATECH / GATECHDVR
SUBJECT: OUTCOME FOR MEETING OF THE BOARD OF DIRECTORS OF GACM TECHNOLOGIES LIMITED (FORMERLY KNOWN AS STAMPEDE CAPITAL LIMITED) (“THE COMPANY”) HELD ON FRIDAY, DECEMBER 20, 2024.
REFERENCE: REGULATION 30 READ WITH SCHEDULE III OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (“SEBI”) (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (“THE LISTING REGULATIONS”) READ WITH SEBI CIRCULAR SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 DATED JULY 13, 2023.
Dear Sir/Madam,
In furtherance to the captioned subject and mentioned reference, we wish to inform you that the Board of Directors of the Company in its meeting held today i.e., Friday, December 20, 2024, has inter-alia
1. The Board has considered to Withdrawal and Cancellation of the Allotment of Convertible Equity Warrants on Preferential basis. (Annexed hereto and marked as Annexure-A).
-
Based on the recommendation of Nomination and Remuneration Committee, the Board approved the Appointment of Ms. Sai Naga Kathyayani Mugata (DIN: 10828042) as Additional Director in the Position of Non-Executive and Non- Independent. ( Annexed hereto and marked as Annexure- B )
-
The Board of Directors of the Company has approved the Change in Designation of Mr. Mugatha Narendra Babu ( DIN: 09586138) from Non-Executive - Non Independent Director to Executive Director & CFO of the Company . ( Annexed hereto and marked as Annexure- C )
REGISTERED OFFICE: KURA Towers, 10th Floor, D. No. 1-11-254 & 1-11-255 S.P. Road, Begumpet, Hyderabad500016, Telangana, India. CIN: L67120TG1995PLC020170 WEBSITE: https://www.gacmtech.com/ EMAIL ID: [email protected] CONTACT: 040-69086900/84
GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
BRIEF CREDENTIALS OF THE MEETING ARE AS FOLLOWS:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Intimation under Regulation 29 for Board Meeting |
December 17, 2024 |
| 2. | Day & Date of Board Meeting | Friday,December 20,2024 |
| 3. | Place of Board Meeting | Kura Towers, 10thfloor, D. No.1-11-254 & 1-11-255, S.P. Road,Begumpet,Hyderabad - 500016,Telangana,India |
| 4. | Commencement Time | 11:30 A.M.(I.S.T) |
| 5. | Concluded Time | 12:30 P.M.(I.S.T) |
| 6. | Website | This information contained in this outcome is also available on the Company's website https://gacmtech.com/static/company-financials.aspx, on the website of the National Stock Exchange of India Limited www.nseindia.com and BSE Limited www.bseindia.com |
We request you to take the same on record.
Thanking You, Yours faithfully,
For and on behalf of GACM Technologies Limited (formerly known as Stampede Capital Limited)
Sujata Suresh Jain Company Secretary & Compliance Officer Membership No.: A59706
Place: Hyderabad
Encl : A.A
REGISTERED OFFICE: KURA Towers, 10th Floor, D. No. 1-11-254 & 1-11-255 S.P. Road, Begumpet, Hyderabad500016, Telangana, India. CIN: L67120TG1995PLC020170 WEBSITE: https://www.gacmtech.com/ EMAIL ID: [email protected] CONTACT: 040-69086900/84
GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Annexure-A
With respect to the Preferential issue of 646994500 convertible equity warrants to the Promoter/ Promoter group and Non-Promoters as mentioned below:
| Sr.No | Name of the Proposed Allottee | Category (Promoter/ Non - Promoter) |
No. of securities to be allotted |
|---|---|---|---|
| 1 | G.A.Capial Management Private Limited | Promoter | 170,971,380 |
| 2 | Revu Sailaja | Non - Promoter | 1,379,320 |
| 3 | Arava Venkata Reddibabu | Non - Promoter | 16,275,880 |
| 4 | PradeepBabulal Shah | Non - Promoter | 32,988,520 |
| 5 | Ishaben Ranabhai Rabari | Non - Promoter | 32,988,520 |
| 6 | Arvindbhai Ranabhai Rabari | Non - Promoter | 32,988,520 |
| 7 | Dhaval Shankarbhai Rabari | Non - Promoter | 32,988,520 |
| 8 | Pooja Pragnesh Dave | Non - Promoter | 32,988,520 |
| 9 | Pragneshkumar Girishchandra Dave | Non - Promoter | 32,988,520 |
| 10 | Bhargavsinh Nandkishorsinh Chauhan | Non - Promoter | 32,988,520 |
| 11 | Dhruv Pradipkumar Shah | Non - Promoter | 32,988,520 |
| 12 | Chandresh Kanubhai Parmar | Non - Promoter | 32,988,520 |
| 13 | Rahul Ratnasingh Sikarwar | Non - Promoter | 29,517,240 |
| 14 | Govindsingh Bhavnathsingh Rajbhar | Non - Promoter | 32,988,500 |
| 15 | Manish Rajput | Non - Promoter | 32,988,500 |
| 16 | AkshayNadiya | Non - Promoter | 32,988,500 |
| 17 | Alkaben Padipkumar Shah | Non - Promoter | 32,988,500 |
| TOTAL | 646,994,500 |
We wish to inform you that we received the In-Principle Approval from BSE and NSE on 27/11/2024 and 28/11/2024 respectively. The issue price of the preferential issue of Equity Warrants was Rs. 1.45/- as calculated based on the relevant date.
However there was a significant price difference between allotment price and market price at the time of allotment of Warrants. Due to this price difference all the participants as mentioned above do not wish to subscribe to the convertible warrants.
The Company regretfully withdraws and cancels the application under such unavoidable circumstances.
In view of the above, kindly rescind our Preferential Issue of Convertible Equity Warrants filed with you for all the aforesaid Promoter/ Promoter group and Non-Promoter participants.
REGISTERED OFFICE: KURA Towers, 10th Floor, D. No. 1-11-254 & 1-11-255 S.P. Road, Begumpet, Hyderabad500016, Telangana, India. CIN: L67120TG1995PLC020170 WEBSITE: https://www.gacmtech.com/ EMAIL ID: [email protected] CONTACT: 040-69086900/84
GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Annexure- B
| S.No | Details | Particulars |
|---|---|---|
| 1. | Reason for Change | Appointment as an additional director |
| 2. | Name | Ms. Sai Naga Kathyayani Mugata(DIN: 10828042) |
| 3. | Type | Non-Executive Non-Independent Director |
| 4. | Date of Appointment | December 20, 2024 |
| 5. | Brief Profile | Ms. Sai Naga Kathyayani Mugata brings over 8 years of invaluable experience in Information Technology field. Her area of expertise is Electronics and Communication Engineering. Being young professional she brings a fresh perspective to ever changing dynamic technical environment. Her background will aid the Company in many ways. |
| 6 | Information as required under BSE circular No. LIST/COM/14/2018-19 and NSE circular no. NSE/CML/2018/24 dated June 20, 2018. |
Ms. Sai Naga Kathyayani Mugata is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority. |
| 7. | Board Committee’s Updates | She is appointed as member of the following Committees: Audit Committee, Nomination and remuneration Committee, and Stakeholders RelationshipCommittee. |
| 8 | Disclosure of relationships between Directors |
Ms. Sai Naga Kathyayani Mugata is related (Cousin Sister)to Mr. Narendra Babu Mugatha |
REGISTERED OFFICE: KURA Towers, 10th Floor, D. No. 1-11-254 & 1-11-255 S.P. Road, Begumpet, Hyderabad500016, Telangana, India. CIN: L67120TG1995PLC020170 WEBSITE: https://www.gacmtech.com/ EMAIL ID: [email protected] CONTACT: 040-69086900/84
GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Annexure- C
| Sr. No | Details | Particulars |
|---|---|---|
| 1. | Reason for Change (Change in Desigation) |
Change in Designation from Non-Executive Non- Independent to Executive Director |
| 2. | Name | Mr. Mugatha Narendra Babu(DIN: 09586138) |
| 3. | Type | Executive Director & CFO |
| 4. | Date of Change in Designation | December 20, 2024 |
| 5 | Information as required under BSE circular No. LIST/COM/14/2018-19 and NSE circular no. NSE/CML/2018/24 dated June 20, 2018. |
Mr. Mugatha Narendra Babu is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority. |
| 6 | Disclosure of relationships between Directors |
Mr. Mugatha Narendra Babu is related to Mr. Jonna Venkata Tirupati Rao |
REGISTERED OFFICE: KURA Towers, 10th Floor, D. No. 1-11-254 & 1-11-255 S.P. Road, Begumpet, Hyderabad500016, Telangana, India. CIN: L67120TG1995PLC020170 WEBSITE: https://www.gacmtech.com/ EMAIL ID: [email protected] CONTACT: 040-69086900/84