AI assistant
GACM Technologies Limited — Board/Management Information 2024
Dec 20, 2024
60715_rns_2024-12-20_fb56d300-329c-447d-8341-2e66ce887635.pdf
Board/Management Information
Open in viewerOpens in your device viewer
GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Date: December 20, 2024
To, The Secretary, Listing Department BSE Limited P.J Towers, Dalal Street, Fort, Mumbai - 400 001 SCRIP CODE: 531723 / 570005
To, The Manager, Listing Department, National Stock Exchange of India Limited Exchange Plaza. 5th Floor, Plot No. C/1, G Block Bandra - Kurla Complex, Bandra (E), Mumbai400051, Maharashtra.
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 interalia
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 Mr. Mugatha Narendra Babu ( DIN: 09586138) Non-Executive - Non Independent Director is designated as the Executive Director & CFO of the Company .
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 Regulation29 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 alsoavailableontheCompany'swebsitehttps://gacmtech.com/static/company-financials.aspx,on the website of the National Stock Exchange of IndiaLimitedwww.nseindia.comandBSELimitedwww.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 Digitally signed by Sujata Suresh Suresh Jain Date: 2024.12.20 Jain 12:34:40 +05'30' 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 tobe 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 Mugatha brings over 8years of invaluable experience in InformationTechnology field. Her area of expertise isElectronicsandCommunicationEngineering.Being young professional she brings a freshperspective to ever changing dynamic technicalenvironment. Her background will aid theCompany in many ways. |
| 7. | Board Committee’s Updates | She is appointed as member of the followingCommittees: Audit Committee, Nomination andremunerationCommittee,andStakeholdersRelationship Committee. |
| 8. | Other Directorships andCategories | NIL |
| 9. | Chairperson of Committees | NIL |
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