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GACM Technologies Limited — Capital/Financing Update 2024
Sep 27, 2024
60715_rns_2024-09-27_d83e7670-d883-444b-bb08-08e6ace782e2.pdf
Capital/Financing Update
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GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Date: September 27, 2024
To, The Secretary, Listing Department BSE Limited P.J Towers, Dalal Street, Fort, Mumbai - 400 001
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), Mumbai-400051, Maharashtra.
SCRIP CODE: 531723 / 570005 SYMBOL: GATECH / GATECHDVR
Subject : Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 – MoU Signed for ₹150 Million Strategic Partnership.
Dear Sir/Madam,
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable SEBI guidelines, we are pleased to inform the exchange that GACM Technologies Limited has entered into a Memorandum of Understanding (MoU) with Tesync Technology Private Limited. This strategic partnership, valued at ₹150 million, focuses on the joint development of IT and ITES services, along with SMS/Voice/Data application solutions and gateway services.
Key Highlights of the MoU:
Strategic Partnership: GACM Technologies and Tesync Technology will collaborate to leverage their combined expertise to develop and support high-value software solutions, enhancing both companies' service portfolios in IT and ITES.
Value Creation: The agreement, valued at ₹150 Million, will open new avenues for revenue generation and technical innovation. This partnership reflects GACM Technologies’ commitment to expanding its product and service capabilities.
Long-Term Growth: The MoU will remain in effect until September 30, 2027, ensuring a long-term collaborative relationship that aligns with GACM Technologies’ growth strategy and commitment to delivering high-impact technology solutions.
REGISTERED OFFICE: KURA Towers, 10th Floor, D. No. 1-11-254 & 1-11-255 S.P. Road, Begumpet, Hyderabad-500016, 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)
This development is a testament to our focus on creating sustainable growth and expanding our capabilities in high-margin, innovative services. The partnership strengthens GACM Technologies' position in the IT sector and reinforces our ability to meet the evolving demands of the industry.
We are excited about the potential this collaboration holds and will continue to update our investors and stakeholders on key developments as they arise.
For and on behalf of GACM Technologies Ltd.
Digitally signed Venkata by Venkata Tirupati Tirupati Rao Jonna Rao Jonna Date: 2024.09.27 10:19:36 +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, Hyderabad-500016, 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 1
Intimation Under Regulation 30 of SEBI (LODR), Regulations, 2015
| S. No. |
Details of events that need to be informed |
Information of such events |
| 1. | Name(s) of the parties with whom the Agreement is entered |
GACM Technologies Ltd. and Tesync Technology Private Ltd. |
| 2. | Purpose of entering into agreement | Joint development of IT and ITES services, including SMS/Voice/Data application solutions and gateway services. |
| 3. | Shareholding, if any, in the entity with whom the agreement is executed |
No shareholding in Tesync Technology Private Ltd. |
| 4. | Significant terms of the agreement (in brief) |
Value:₹15 Crore; Term:Valid until September 30, 2027; Scope:Collaboration in development and support of IT solutions. |
| 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 within related party transactions? If yes, whether the same is done at “arms 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) |
Not applicable at this time |
REGISTERED OFFICE: KURA Towers, 10th Floor, D. No. 1-11-254 & 1-11-255 S.P. Road, Begumpet, Hyderabad-500016, Telangana, India. CIN: L67120TG1995PLC020170 WEBSITE: https://www.gacmtech.com/ EMAIL ID: [email protected]
CONTACT: 040-69086900/84