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GACM Technologies Limited — Board/Management Information 2021
Jul 7, 2021
60715_rns_2021-07-08_bae02fba-c2a2-4a8f-b853-3f6a4982ce3f.pdf
Board/Management Information
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To, The Secretary, Listing Department BSE Limited P.J Towers, Dalal Street, Fort, Mumbai - 400 001
Scrip Code: 531723 / 570005
To, The Manager, Listing Department, National Stock Exchange of India Limited Exchange Plaza. 5thFloor, Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (E), Mumbai-400051, Maharashtra. Symbol: STAMPEDE / SCAPDVR
Subject: Intimation regarding Request Letter received from Members of the Promoter Group for Reclassification from "Promoter and Promoter Group" Category to "Public" Category pursuant to the Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:
Dear Sir / Madam,
This is to inform you that the Company has received request letters from the following persons belonging to the promoter and promoter group of the Company for reclassifying their shareholding from the "Promoter and Promoter Group" category to "Public" category:
-
- Mr. Meenvalli Venkat Srinivas
-
- Mrs. Meenavalli Usha Rani
The request will be reviewed and shall be considered by the Board of Directors of the Company in the forthcoming Board Meeting in accordance with the provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Company shall inform the Stock Exchange about the decision made by the Board of Directors in this regard.
We request you to take the above on your record.
Thanking you, Yours faithfully,
For and on Behalf of STAMPEDE CAPITAL LIMITED
__________________________________ Venkata Tirupati Rao Jonna Digitally signed by Venkata Tirupati Rao Jonna Date: 2021.07.08 02:56:08 +05'30'
Jonna Venkata Tirupati Rao Managing Director DIN : 07125471
Date : 08/07/2021 Place : Hyderabad
Board of Directors, Stampede Capital Limited ("Company") Address: 402 to 404, 4*»Floor, Saptagiri Towers, Begumpet, above Pantaloons, Hyderabad-500016,Telangana, India.
'Sub: ki Jassificati P {the c
Dear Sir / Madam,
| To, | |||||
|---|---|---|---|---|---|
| Board of Directors, | |||||
| Stampede Capital Limited ("Company") | |||||
| Address: 402 to 404, 4*»Floor, Saptagiri | |||||
| Towers, Begumpet, above Pantaloons, | |||||
| Hyderabad-500016,Telangana, India. | |||||
| 'Sub: | Jassificati ki P |
{the c |
|||
| Dear Sir / Madam, | |||||
| We, Meenvalli Venkat Srinivas and Meenavalli Usha Rani, are writing this letter to request you | |||||
| to declassify us from our current categorization as the 'promoters' of the Company to that of 'Public Shareholders' of the Company. |
|||||
| The | Company promoted was with by us, Memorandum of Association of the Company and shares of the Company were held by us. |
intent carry to |
business with out line in |
||
| During the year 2020-21, due to the takeover of the Company by current management, we had | |||||
| tendered all our shares. As on today, the following is our holding in the Company: | |||||
| SING: i |
|||||
| : | |||||
| Name of Person |
Shares No of held |
||||
| Mr. Meenvalli Venkat Srinivas | 0 | ||||
| Mrs. Meenavalli Usha Rani | 0 | ||||
| Mr. Meenvalli Venkat Srinivas | |||||
| Mrs. Meenavalli Usha Rani |
| Mr. Meenvalli Venkat Srinivas | ||||
|---|---|---|---|---|
Despite having Nil shareholding and zero control over the affairs of the Company, we have been classified under "Promoter and Promoter Group" of the Company, due to the historical reasons.
We do not hold any managerial position in the Company and neither are classified as key managerial personnel of the Company. Further, | am not involved in any decision-making process of the Company. Further, we have not entered into any Shareholders Agreement with the Company and we do not have any Veto Rights or Special Information Rights or Special Rights as to Voting power or Control of the Company.
We believe that our request squarely falls under the ambit of SEBI laws and is in line with the established norms and practices of the securities market.
In light of the same, we request you to declassify us as the promoters of the Company and allow us to be catégorized as public shareholders of the Company. We have also attached a signed undertaking stating all the important facts which are necessary for undertaking such declassification. We would be happy to provide you with any documents, declarations, writings, information or undertakings, as you may require, for the purposes of declassification.
Thanking You,
Mr. Meenvalli Venkat Srinivas Mrs. Meenavalli Usha Rani
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Josure: Undertakings for Declassificati
UNDERTAKING FOR DECLASSIFICATION
With regard to our request for declassification as a promoter of Stampede Capital Limited (referred to as, the "Company") and in accordance with Regulation 31 A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We confirm and undertake the followings:
- Y That as on the date of this undertaking we possess Zero Equity Shares with Normal Voting Rights and of the Company and Zero Equity Shares with Differential Voting Rights and of the Company.
- We will not be on the Board of Directors (including a Nominee Director) of the Company for a period of not less than three years from the date of reclassification.
- We will not act as a key managerial person in the Company for a period of not less than three years from the date of reclassification
- That we do not, directly or indirectly, exercise control over the affairs of the Company.
- ~ That we are not associated with the Company in the capacity of its director, key managerial personnel, employee, consultant or in any other similar nature.
- That we are living our life and occupation independently and we are not connected, directly or indirectly, whatsoever, with the Company in any capacity.
- That we do not possess any special rights, through any formal or informal arrangements, in the Company.
- That neither we are privy to any price sensitive information about the Company currently and nor we do wish to participate in any of the affairs of the Company post such declassification.
- We are not a 'wilful defaulters' as per the Reserve Bank of India guidelines
- v¥ Weare nota fugitive economic offender
In light of the above, we request the Board of Directors of the Company to consider and grant our request for declassification.
Mr. Meenvalli Venkat Srinivas Mrs. Meenavalli Usha Rani
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