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GACM Technologies Limited — Capital/Financing Update 2025
Jan 7, 2025
60715_rns_2025-01-07_699cc0eb-34f1-41d5-b46f-c8ab17636235.pdf
Capital/Financing Update
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GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Date: January 7, 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 BOARD OF DIRECTORS OF GACM TECHNOLOGIES LIMITED (FORMERLY KNOWN AS STAMPEDE CAPITAL LIMITED) (“THE COMPANY”) HELD ON TUESDAY, JANUARY 7, 2025.
REFERENCE: REGULATION 30 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,
In furtherance to the captioned subject and mentioned reference, we wish to inform you that the Board of Directors of the Company in its meeting held today i.e., Tuesday, January 7, 2025, has inter-alia
1. APPROVAL OF RIGHT ISSUE
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a. The Board has Approved to issue of Fully paid up ordinary equity shares and DVR shares by way of a rights issue to the existing shareholders of the Company in accordance with the provisions of 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 for an aggregate amount not exceeding Rs. 49.90 Crores (Rupees Forty Nine Crores and Ninety Lakhs). (Annexed hereto and marked as Annexure-A).
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b. Authorizing the Rights Issue Committee to appoint various intermediaries and also to do all such acts, deeds, things, and matters, as it may in its absolute discretion deem necessary, proper, and desirable for the purpose of and in connection with the Rights Issue.
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)
2. APPOINTMENT :
The Board of Directors, has approved the appointment of M/s. A.K. RASTOGI & ASSOCIATES. Practicing Company Secretaries, Uttar Pradesh as Secretarial Auditor to conduct the Secretarial Audit of the Company for FY 2024-25. (Annexed hereto and marked as Annexure-B).
BRIEF CREDENTIALS OF THE MEETING ARE AS FOLLOWS:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Intimation under Regulation 29 for Board Meeting |
December 30, 2024 |
| 2. | **Day & Date of Board Meeting ** | Tuesday, January07,2025 |
| 3. | Place of Board Meeting | Kura Towers, 10thfloor, D. No.1-11-254 & 1-11-255, S.P. Road, Begumpet, Hyderabad - 500016, Telangana, India |
| 4. | Commencement Time | 11:30 A.M.(I.S.T) |
| 5. | Concluded Time | 13:00 P.M.(I.S.T) |
| 6. | Website | This information contained in this outcome is also available on the Company's website https://gacmtech.com/static/company- financials.aspx, on the website of the National Stock Exchange of India Limitedwww.nseindia.com and BSE Limitedwww.bseindia.com |
We request you to take the same on record.
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: 2025.01.07 Jain 17:20:21 +05'30'
Sujata Suresh Jain Company Secretary & Compliance Officer Membership No.: A59706 Place: Hyderabad
Encl : A.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)
Annexure-A
The details as required under SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September 2015 with respect to the Right issue is are given as under:
| Particulars | Details |
|---|---|
| Type of securities proposed to be issued | Fully paid up Equity Share of the face value of Rs. 1 each of the Company |
| Type of issuance (further public offering, rights issue, depository receipts (ADR /GDR), qualified institutions placement, Preferential allotment etc.); |
Rights Issue of Equity Shares |
| Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately); |
Number of Equity Shares and, in such ratio, as may be decided by the Board of Directors/ Rights Issue committee for an Amount not exceeding Rs. 49.90 Crores (Rupees Forty Nine crores and Ninety Lakhs only) |
| In case of preferential Issue the listed entity shall disclose the additional details to the stock exchange(s) |
Not Applicable. |
| In case of bonus issue the listed entity shall disclose the additional details to the stock exchange(s) |
Not Applicable. |
| In case of issuance of depository receipts (ADR/GDR) or FCCB the listed entity shall disclose additional details to the stock exchange(s) |
Not Applicable. |
| In case of issuance of debt securities or other nonconvertible securities the listed entity shall disclose additional details to the stock exchange(s) |
Not Applicable. |
| Any cancellation or termination of proposal for issuance of securities including reasons thereof. |
Not Applicable. |
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-B
The details as required under SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023.
| S. No. | Particulars | Details |
|---|---|---|
| 1. | Reason for Change viz. Appointment |
Appointed as a Secretarial Auditor of the Company w.e.f. January 07, 2025 of the Company for FY 2023-24. |
| 2. | Name | A.K. RASTOGI & ASSOCIATES, Practicing Company Secretaries |
| 3. | Date of appointment & term of appointment |
Appointed w.e.f. January 07, 2025 to conduct the Secretarial Audit for the financial year 2024- 25. |
| 4. | Brief profile (in case of appointment) |
Name of the Secretarial Auditor: A.K. Rastogi & Associates. Office Address: R-13/69, Raj Nagar Ghaziabad-201002 Uttar Pradesh, Mob:9650990614 Mail Id: [email protected], Field of Experience: Experience in providing Secretarial Audit services, Insolvency & Bankruptcy and NPA Consultancy, Consultancy related to RBI Matters, Financial Restructuring, Company Advisory in Fund Raising through Public Issue., etc. The firm offers services viz, business registration, capital market services which includes-IPO advisor, certification for IPO, rights, buybacks, open offers, delisting, corporate and transaction advisory and other secretarial and other secretarial and internal audit services Terms of appointment: To conduct Secretarial Audit for the financial year 2024-25 |
| 5. | Disclosure of relationships between directors (in case of appointment ofa director) |
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