Board Meeting Details

  • Intimation date under Regulation 29: June 16, 2026
  • Meeting date: Thursday, June 25, 2026
  • Meeting location: 2nd Floor, GHMC No- 3-260/KA/201/NR PLOT NO. 260, Guttala Begumpet, Kavuri Hills, Hyderabad-500033, Telangana, India
  • Meeting duration: 3:00 PM to 4:00 PM IST

Key Decisions and Discussions

1. Approval of UK Wholly Owned Foreign Subsidiary
  • The Board approved the incorporation of a Wholly Owned Foreign Subsidiary (WOFS) in the United Kingdom.
  • Purpose: Expanding the Company's international business operations.
  • Subsidiary details:
  • Country of Incorporation: United Kingdom (UK)
  • Share Capital: 1,000 Ordinary Shares of GBP 1 each
  • Industry: Software Development, Information Technologies or other lawful business activities
  • Ownership: 100% held by GACM Technologies Limited (Indian Entity)
  • The WOFS will be a related party of the Company from incorporation
  • Promoter/promoter group/group companies have no interest in the proposed WOFS except as mentioned
  • Required approvals: Subject to applicable regulatory approvals and statutory requirements
  • Authorization: Designated officials authorized to undertake all necessary actions, filings, and compliances
  • Documentation: Referenced in Annexure-A of the disclosure
2. Deliberation on Potential Acquisitions via Share Swap
  • The Board discussed and deliberated a proposal for issuance of Equity Shares to non-promoters on a preferential basis (Share Swap)
  • Purpose: In lieu of acquisition of stake in two companies:
  • Market Simplified India Limited
  • WEXL EDU Private Limited
  • Current status: Board reviewed the future course of action and decided to undertake necessary preparatory activities
  • Preparatory activities include:
  • Stakeholder communications
  • Related background work
  • Shareholder approval: Date of shareholders' meeting for requisite approvals (if necessary) to be determined at subsequent Board Meeting

Financial and Operational Impact

  • The UK subsidiary incorporation represents international expansion with initial capital of GBP 1,000
  • The potential acquisitions through share swap could result in equity dilution to non-promoters
  • Financial impact of acquisitions not quantified in the disclosure
  • Both decisions subject to further regulatory approvals and stakeholder processes