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 Announcements

1. Incorporation of Wholly Owned Foreign Subsidiary (WOFS) in UK

The Board approved the incorporation of a Wholly Owned Foreign Subsidiary in the United Kingdom for expanding the Company's international business operations.

Details of the UK Subsidiary (from Annexure-A):

  • Country of Incorporation: United Kingdom (UK)
  • Share Capital: 1,000 Ordinary Shares of GBP 1 each
  • Name: To be approved by concerned UK authorities
  • Industry: Software Development, Information Technologies or other lawful business activities
  • Shareholding: 100% held by GACM Technologies Limited (Indian Entity)
  • Related Party Status: The WOFS will be a related party of the Company starting from incorporation
  • Promoter Interest: The promoter/promoter group/group companies have no interest in the proposed WOFS except as mentioned above
  • Regulatory Approvals: Not applicable mentioned
  • Consideration: Not applicable mentioned
  • Timeframe: Not applicable mentioned

Designated officials were authorized to undertake all necessary actions, filings, and compliances for the incorporation, subject to applicable regulatory approvals and statutory requirements.

2. Preferential Allotment Proposal for Share Swap Acquisition

The Board discussed a proposal relating to the issuance of Equity Shares of the Company to non-promoters on a preferential basis (Share Swap) in lieu of acquisition of stake in two companies:

  • Market Simplified India Limited
  • WEXL EDU Private Limited

The Board reviewed the future course of action and entrusted the Preferential Issue Committee to:

  • Finalize the list of allottees
  • Finalize swap quantities
  • Complete these actions within 8 days

The Board noted that the list of allottees and details of share-swap shall be announced in the subsequent Board Meeting, followed by requisite approvals from shareholders and appropriate authorities.

Financial Impact

Financial impact not quantified in the disclosure for either decision.