GACM Technologies Limited disclosed the outcome of its Fund-Raising Committee meeting held on August 17, 2026, regarding the allotment of securities under a Qualified Institutions Placement (QIP).
The Committee approved the issue and allotment of 49,50,00,000 Equity Shares of face value ₹1 each to eligible qualified institutional buyers. The shares were allotted at an issue price of ₹1 per Equity Share, determined in accordance with Regulation 176(1) of the SEBI ICDR Regulations. The total amount raised through this issuance aggregates to ₹49,50,00,000 (Rupees Forty-Nine Crore Fifty Lakh Only).
The company adopted a Placement Document dated August 17, 2026, for this issuance.
Capital Structure Impact
Pursuant to this allotment, the paid-up Equity Share capital of the Company has increased from ₹1,10,27,42,236 (consisting of 1,10,27,42,236 Equity Shares) to ₹1,59,77,42,236 (consisting of 1,59,77,42,236 Equity Shares).
Allottee Details
Four allottees were allotted more than 5% of the securities offered in the Issue:
- AL MAHA INVESTMENT FUND PCC - ONYX STRATEGY: 10,50,00,000 shares (6.57% of Issue)
- MAGNIFICA GLOBAL OPPORTUNITIES VCC-MGO HIGH CONVICTION FUND INCORPORATED VCC SUB-FUND: 14,00,00,000 shares (8.76% of Issue)
- MINERVA VENTURES FUND: 14,50,00,000 shares (9.08% of Issue)
- EBISU GLOBAL OPPORTUNITIES FUND LIMITED: 10,50,00,000 shares (6.57% of Issue)
The complete list of allottees is provided in Annexure I and Annexure II attached to the disclosure.