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GACM Technologies Limited — Capital/Financing Update 2024
Sep 2, 2024
60715_rns_2024-09-02_431f86fc-ad22-4097-80b3-c669cd22d0d2.pdf
Capital/Financing Update
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GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Date: 02/09/2024
To, To, The Secretary, The Manager, Listing Department Listing Department, BSE Limited National Stock Exchange of India Limited P.J Towers, Dalal Street, Exchange Plaza. 5th Floor, Fort, Mumbai - 400 001 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 – Significant Project Awarded worth INR 100 Million .
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to announce that GACM Technologies Ltd. has been awarded a significant project valued at INR 100,000,000 by MSK Technologies (India) Private Limited.
Key Highlights of the Project:
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Project Value: INR 100,000,000
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Expected Gross Profit: Approximately 55% - 60% of the total order value, estimated between INR 55,000,000 to INR 60,000,000.
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Scope of Work: The project involves resource augmentation and consulting services, leveraging GACM’s expertise in IT solutions and technology services.
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Performance Locations: The services will be performed both onsite at the Customer’s premises and offshore at GACM’s development offices.
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Strategic Growth: This project enhances GACM’s portfolio in high-value IT services, showcasing our ability to execute large-scale assignments.
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Strengthening Market Position: Successfully delivering this project will further solidify our position as a leading IT solutions provider in the market.
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Revenue Impact: The project is expected to positively influence our revenue and profitability in the current financial year, aligning with our growth strategy.
This project is a testament to GACM Technologies' capability to deliver complex IT solutions and underscores our commitment to driving growth and value creation for our stakeholders. We remain dedicated to pursuing further opportunities that align with our business objectives.
We will keep the stock exchange and our investors updated on the progress of this project. Thank you for your attention to this important development.
For and on behalf of GACM Technologies Ltd.
Venkata Digitally signed by Venkata Tirupati Tirupati Rao Jonna Date: 2024.09.02 Rao Jonna 10:25:05 +05'30'
Jonna Venkata Tirupati Rao Managing Director DIN: 07125471 Place: Hyderabad
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)
| S.No.1.2.3.4.5.6.7.8. | Annexure 1Intimation under Regulation 30 of SEBI (LODR), Regulations, 2015Details of events that need to beinformedInformation of such eventsName(s) of the parties with whom theAgreement is enteredGACM Technologies Ltd. and MSKTechnologies (India) Pvt. Ltd.Purpose of entering into agreementProvision of IT services includingresource augmentation and consulting.Shareholding, if any, in the entity withwhom the agreement is executedNo shareholding in MSK Technologies(India) Pvt. Ltd.Significant terms of the agreement (inbrief)Order Value: ₹100 million;Profit Margin: 55%-60%;Service delivery both onsite andoffshore.Whether the said parties are related topromoter/ promoter group/ groupcompanies in any manner, if yes, nature ofrelationshipNoWhether the transaction would fall withinrelated party transactions? If yes, whetherthe same is done at “arms length”NoAny other disclosure related to suchagreement viz. details of nominee on theboard of directors of the listed entity,potential conflict of interest arising out ofsuch agreement, etcNoneIn case of termination or amendment ofagreement, listed entity shall discloseadditional details to the stock exchange(s)Not applicable at this time |
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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