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GACM Technologies Limited — Capital/Financing Update 2025
Jan 31, 2025
60715_rns_2025-01-31_5b7c5e32-e892-4da9-8943-2f35a6b1d0e5.pdf
Capital/Financing Update
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GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Date: January 31, 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: Statement of Deviation(s) or Variation(s) of Rights Issue Proceeds for the quarter ended December 31, 2024 in terms of Regulation 32 (1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/ Madam,
In compliance with Regulation 32 (1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the use of proceeds of Rights Issue, from the objects stated in the Letter of Offer for Rights Issue of the Company dated July 16, 2024 and a statement confirming that there is no deviation or variation in the utilisation of the proceeds of Rights Issue duly reviewed by the Audit Committee at its Meeting held today i.e. on January 31, 2025 is enclosed.
Thanking you,
Yours Faithfully, For GACM Technologies Limited
Sujata Digitally signed by Sujata Suresh Suresh Jain Date: Jain 2025.01.31 16:38:28 +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, 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)
Statement of Deviation/ Variation in utilization of funds raised
| NameofListedentity | GACM Technologies Limited |
|---|---|
| Mode of Fund Raising | RightsIssue |
| Date of Raising Funds | 22/08/2024 |
| AmountRaised | 39,93,96,284 |
| ReportfiledforQuarterended | 31/12/2024 |
| MonitoringAgency | NotApplicable |
| Monitoring Agency Name, ifapplicable | NotApplicable |
| Isthere a Deviation / Variation in use offunds raised | No |
| Ifyes,whetherthesameispursuant tochange in termsofa contract or objects,which was approved by theshareholders | NotApplicable |
| IfYes, Dateof shareholder Approval | NotApplicable |
| Explanation fortheDeviation/Variation | NotApplicable |
| Comments of the Audit Committee afterreview | No Comments |
| Comments of the auditors, ifany | No Comments |
Objects for which funds have been raised and where there has been a deviation, in the following table:
| OriginalObject(s) | ModifiedObject,ifany | OriginalAllocation**(**in Lakhs) | Modifiedallocation,ifany | FundsUtilized(inLakhs) | Amount ofDeviation/Variationforthe quarteraccordingtoapplicable object | Remarks ifany |
|---|---|---|---|---|---|---|
| To finance thecapitalexpendituretowards purchaseof software &hardware andservers | N A | 1,376.75 | N A | 1,224.95 | NA | NIL |
| To repay orprepay, in Full orin part, of certainBorrowingsavailed by ourCompanythrough | N A | 700.00 | N A | 700.00 | NA | NIL |
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)
| adjustmentagainst theEntitlement ofPromoter andPromoter Group. | ||||||
|---|---|---|---|---|---|---|
| To invest inGayiadi FintechPrivate Limited,Wholly OwnedSubsidiaryCompany tofinance itscapitalexpenditure. | N A | 496.85 | N A | 496.85 | NA | NIL |
| To makeAcquisitions ofBusinesses insimilar orComplementarySpace | N A | 380.00 | N A | 0 | NA | NIL |
| To meet Generalcorporatepurposes | N A | 990.36 | N A | 677.69 | NA | NIL |
| To meet theexpenses of theIssue | N A | 50.00 | N A | 50.00 | NA | NIL |
| Total | NA | 3,993.96 | NA | 3,149.49 | NA | NIL |
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.
CIN: L67120TG1995PLC020170 WEBSITE: https://www.gacmtech.com/ EMAIL ID: [email protected] CONTACT: 040-69086900/84
REGISTERED OFFICE: KURA Towers, 10th Floor, D. No. 1-11-254 & 1-11-255 S.P. Road, Begumpet, Hyderabad-500016, Telangana, India.
GACM TECHNOLOGIES LIMITED
(Formerly Known as Stampede Capital Limited)
Thanking you,
Yours Faithfully, For GACM Technologies Limited
Sujata Digitally signed by Sujata Suresh Suresh Jain Jain Date: 2025.01.31 16:38:52 +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, Hyderabad-500016, Telangana, India. CIN: L67120TG1995PLC020170 WEBSITE: https://www.gacmtech.com/ EMAIL ID: [email protected] CONTACT: 040-69086900/84