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GACM Technologies Limited — Capital/Financing Update 2024
Sep 19, 2024
60715_rns_2024-09-19_9851a118-0abf-4b01-a675-f10b37784db4.pdf
Capital/Financing Update
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GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Date: September 19, 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: INTIMATION ABOUT EXECUTION OF MEMORANDUM OF UNDERSTANDING (MOU) DISCLOSURE UNDER REGULATION 30 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
Dear Sir,
With reference to the above-mentioned subject, we would like to inform you that the company has entered a Memorandum of Understanding (MOU) with WATERWALK AUTOMATION PRIVATE LIMITED, a Company having registered office at 116, Rajprabha Udyog Nagar, Ext 3 Bld 3 Golani Naka, Waliv Road Vasai East , Vasai, Maharashtra, India - 401208.
We believe that this understanding will contribute significantly to the objects of the company. We are excited about the opportunities ahead and look forward to working together to achieve our shared goals.
The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, are given in the enclosed Annexure-I .
This is for your information and record.
For GACM Technologies Limited
Digitally signed Venkata by Venkata Tirupati Tirupati Rao Jonna Rao Jonna Date: 2024.09.19 10:02:57 +05'30'
Jonna Venkata Tirupati Rao
Managing Director
DIN – 07125471
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 – I INTIMATION UNDER REGULATION 30 OF SEBI (LODR), REGULATIONS, 2015 |
Annexure – I INTIMATION UNDER REGULATION 30 OF SEBI (LODR), REGULATIONS, 2015 |
|
|---|---|---|
| Sr. No. | Details of events that need to be informed | Information of such events |
| 1 | Name(s) of the parties with whom theAgreementis entered. |
WATERWALK AUTOMATION PRIVATE LIMITED |
| 2 | Purpose of entering into agreement | The purpose of GACM Technologies Limited entering this MOU for growth oriented revenue generation by partnering with Waterwalk Automation Private Limited.Company meets its objective The Parties intend for this MOU to provide the foundation and structure for any and all possibly anticipated binding agreement related to development of above software. |
| 3 | Shareholding, if any, in the entity with whom the agreement is executed |
Nil |
| 4 | Significant Terms of the Agreement | 1. The Parties shall work together in a cooperative and coordinated effort so as to bring about the achievement and fulfilment of the purpose of the MOU and the contract value is 500 lakhs (Rs. Five Hundred lakhs). 2. This Agreement shall commence upon the Effective Date, as stated above, and will continue until 31 March 2026. |
| 5 | Whether, the said parties are related to promoter/ promoter group/ group companies in any manner, if yes, nature of relationship |
No |
| 6 | Whether the transaction would fall with related party transaction? If yes, whether the same is done at “arm’s length” |
No |
| 7 | Any other disclosure related to such agreement viz. details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreement, etc |
None |
| 8 | In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s). a) name of parties to the agreement b) Nature of agreement c) Date of execution of agreement d) Details of amendment and impact thereof or reasons of termination and impact thereof |
NA |
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