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GACM Technologies Limited — Capital/Financing Update 2025
Apr 22, 2025
60715_rns_2025-04-22_e87029fa-e985-485a-ba23-c71804ca2bcf.pdf
Capital/Financing Update
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GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Date: April 22, 2025
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 Mumbai - 400 001 Block Bandra - Kurla Complex, Bandra (E), Mumbai-400051, Maharashtra. SCRIP CODE: 531723 / 570005 SYMBOL: GATECH / GATECHDVR
SUBJECT: OUTCOME FOR MEETING OF THE RIGHT ISSUE COMMITTEE OF GACM TECHNOLOGIES LIMITED (FORMERLY KNOWN AS STAMPEDE CAPITAL LIMITED) (“THE COMPANY”) HELD ON TUESDAY, APRIL 22, 2025.
REFERENCE: REGULATION 30 AND 42 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,
This is in furtherance to our intimation on the Outcome of the meeting of the Board of Directors of the Company held on 07th January, 2025 where the issue of fully paid-up Equity Shares and Equity DVR shares (EQ-DVR) of Rs. I was approved by way of a rights issue for an amount of not exceeding Rs. 50.00 Crores (Rupees Fifty Crores) in accordance with the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 20I5, this is to inform you that the Right Issue Committee of the Company at their meeting held on Tuesday, 22[nd] April, 2025 at 3:00 P.M. at the registered office of the Company situated at Kura Towers, 10[th] floor, D. No.1-11-254 & 1- 11-255, S.P. Road, Begumpet, Hyderabad - 500016, Telangana, India have discussed and approved the following business:
I) Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015
This is further to our intimation on the outcome of the meeting of the Board of Directors of the Company (“Board”) Dated January 07, 2025, where the issue of equity shares and Equity-DVR of the Company of face value of Rs. 1.00 (Rupee One Only) each was approved by way of 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)
rights issue for an aggregate amount not exceeding Rs. 49.90 Crores/- (Rupees Forty Nine Crores and Ninety Lakhs Only) (“Rights Issue”), in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, and the Companies Act, 2013 and the rules made thereunder, as amended from time to time, (‘Rights Issue’)
Pursuant to the above, we wish to inform that the Right Issue Committee at its meeting held today, have, inter alia, considered and approved the following terms of the Rights Issue.
| S.no | Particulars | Details | Details | |
|---|---|---|---|---|
| 1 | Type of securities proposed to be issued |
Fully paid-up Equity Shares and DVR shares of face value of Re. 1/-each ("Rights Equity Shares") |
||
| 2 | Type of Issuance | Rights Issue of fully paid-up Equity Shares and DVR Shares |
||
| 3 | Total number of securities proposed to be issued |
Fully paid up 42,32,83,900 Equity Shares of face value of Re. I/- each Shares. Fully paid up 7,35,26,112 DVR Shares of face value of Re. 1/- each. |
||
| 4 | Issue Price | Rs. 1.00/-per Rights Equity Share and DVR | ||
| 5 | Record Date | Saturday, April 26, 2025for the purpose of determining the shareholders entitled for Rights Issue (“Eligible Equity Shareholders”) |
||
| 6 | Right Issue Period | |||
| Right Issue Opening Date |
Tuesday, May 06, 2025 |
|||
| *Last Date for on Market Renunciation of Rights Entitlement |
Tuesday, May 27, 2025 |
|||
| **Right Issue Closing Date |
Monday, June 02, 2025 |
GACM TECHNOLOGIES LIMITED
| GACM TECHNOLOGIES LIMITED | GACM TECHNOLOGIES LIMITED | |
|---|---|---|
| (Formerly Known as Stampede Capital Limited) | ||
| committee thereof will have the right to extend the Issue period as it may determine from time to time, provided that this Issue will not remain open in excess of 30 days from the Issue Opening Date (inclusive of the Issue Opening Date). Further, no withdrawal of Application shall be permitted by any Applicant after the Issue Closing Date |
||
| 7 | Right entitlement Ratio | 51 (Fifty One) Equity Share for every 82 (Eighty Two) fully paid Equity share held by the Shareholders as on record date. 51 (Fifty One) EQ-DVR share for every 82 (Eighty Two) fully paid BSE Scrip EQ-DVR share held by the Shareholders as on record date |
| 8 | Outstanding Equity Shares prior to the Rights Issue |
68,05,74,114 Equity shares of Rs. 1.00/- each 11,82,18,454 Equity- DVR of Rs. 1.00/- each |
| 9 | Outstanding Equity Shares post Right Issue (assuming full subscription) |
1,10,38,58,014 Equity shares of Rs. 1.00/- each 19,17,44,566 Equity- DVR of Rs. 1.00/- each |
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)
| 10 | Terms of Payment | Total Rs.1.00/- - Rs.1.00/- |
||||
|---|---|---|---|---|---|---|
| Amount Payable Per Rights Equity Share |
Face Value |
Premium | Total | |||
| On Application |
Rs.1.00/- | Rs.00.00/- | Rs.1.00/- | |||
| One or more subsequent Call(s) as determined by our Board at its sole discretion, from time to time |
- | - | - | |||
| Total | Rs.1.00/- | Rs.00.00/- | Rs.1.00/- | |||
| 11 | Other Terms of the Issue | To be included in the letter of offer to be filed by the Company. |
The detailed terms of the Rights Issue including the procedure for applying in the Rights Issue and fractional entitlements will be specified in the Letter of Offer which will be filed by the Company with BSE Limited (“BSE”) , National Stock Exchange Limited ( “NSE”) and with Securities and Exchange Board of India (“SEBI”) for record purpose only.
II) Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 and Regulation 68 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018:
In relation to the aforesaid Rights Issue and in accordance with Regulations 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015,as amended and Regulation 68 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Board of Directors at its meeting held today has fixed Saturday, April 26, 2025 as the record date for the purpose of determining the equity shareholders who shall be entitled to receive the Rights Entitlement in the Rights Issue. Further, in terms of SEBI Circular SEBI/HO/CFD/DIL2 /CIR/P/2020/l 3 dated January 22,
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)
2020, the Company has made necessary arrangement with NSDL and CDSL for the credits of the Rights Entitlements in dematerialized form in the demat account of the eligible equity shareholders as on the Record Date. The Rights Entitlement of the eligible equity shareholders as on the Record Date, shall be credited prior to the issue opening date, in the respective demat account of the eligible equity shareholders.
The Board of Director of the Company also approved the Letter of Offer, the Abridged Letter of Offer, the Application Form and the Rights Entitlement Letter to be filed with National Stock Exchange of India Limited, BSE Limited.
The Meeting of Right Issue Committee concluded at 3:40 P.M.
You are requested to please take the same in your record.
Kindly take the above information on your record and oblige
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: 2025.04.22 Jain 15:45:05 +05'30'
Sujata Suresh Jain Company Secretary & Compliance Officer Membership No.: A59706 Place: Hyderabad
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