GACM Technologies Limited — Capital/Financing Update 2020

Mar 24, 2020

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March 24, 2020

To To The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange Phiroze Jeejeebhoy Towers Plot No. C/1, G Block, Dalal Street Bandra –Kurla Complex Mumbai – 400 001. Bandra (East) Mumbai Scrip Code: 531723/570005 Mumbai – 400 051.

Dear Sir,

Sub: Disclosure pursuant to Regulation 30 read with Para (A) (1) (ii) (a) of Part A of Schedule III to the SEBI ( Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations')

Pursuant to Regulation 30 read with Para A (1) (ii) (a) of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations), we hereby inform you that the Board of Directors of the Company at their meeting held on March 24, 2020 has decided to divest its entire shareholding in one of its subsidiary Stampede Enterprises India Private Limited, comprising of 50,10,000 equity shares of the face value of RS.10 per share to purchasers as detailed in Annexure - I. Consequent to the above divestment by the Company, Stampede Enterprises India Private Limited shall cease to be a subsidiary of the Company.

Details of the transactions as required to be disclosed under the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09,2015 are given in Annexure-I.

The meeting of the Board of directors commenced at 6.00 P.M. and concluded at 7.30 P.M.

This is for your information and record.

Thanking You,

Yours faithfully,

For Stampede Capital Limited

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Sudheer Vegi Executive Director (Din: 08070785)

Stampede Capital Ltd.

Royal Pavilion Apartment, H. No. 6-3-787, Flat No. 1003, Block - A, 10[th] Floor, Ameerpet, Hyderabad TG 500016 IN. T: +91 40 234 05683/84, Email: cs@stampedecap.com, www.stampedecap.com CIN: L67120TG1995PLC020170

Annexure – 1

Disclosure Pursuant to Regulation 30 read with Para A (1) of Part A of Schedule III to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

SRNO	PARTICULARS	RELEVANT INFORMATION
a)	The amount and percentage of theturnover or revenue or income and networth contributed by such unit ordivision of the listed entity during thelast financial year;	Total income of Stampede Enterprises IndiaPrivate Limited as per the Audited FinancialStatements for the Year ended March 31,2019 - NilNetworth of Stampede Enterprises IndiaPrivate Limited is negative as per the AuditedFinancial Statements for the Financial Yearended March 31, 2019.
b)	Date on which the agreement for salehas been entered into;	March 24, 2020
c)	The expected date of completion ofsale/disposal;	Upon completion of the conditionsprecedents stated in the Share PurchaseAgreement.
d)	Consideration received from suchsale/disposal;	Rs.10,00,000/-(Rupees Ten Lakhs only)The Company with liability of an amount ofRs.309.96 crore standing in the books ofStampede Enterprises India Private Limitedis also transferred.
e)	Brief details of buyers and whetherany of the buyers belong to thepromoter/ promoter group/groupcompanies. If yes, details thereof;	1. Satya Srikanth Karaturi2. Dasigi Venkata Surya Prakash Rao1. Satya Srikanth Karaturi- Independentdirector in the group Companies2. Dasigi Venkata Surya Prakash Rao-ExecutiveDirector ingroup companies
f)	Whether the transaction would fallwithin related party transactions? Ifyes, whether the same is done at"arm’s length";	Yes, the transaction falls within the RelatedpartyTransaction. The transaction shall be done atarm’s length and is based on independentvaluation report.
g)	Additionally, in case of a slump sale,indicative disclosures provided foramalgamation/ merger, shall bedisclosed by the listed entity withrespect to such slump sale	Not Applicable

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Sudheer Vegi Executive Director (Din: 08070785)