Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations
Audit Opinion:
Not Specified
Auditor’s Comment:
Not Specified
Key Financial Highlights:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
The Board of Directors approved a revised preferential issue of equity shares on a share swap basis for the acquisition of a stake in WEXL EDU Limited.
- Total Shares to be Issued: 1,202,634,840 Equity Shares of face value Re. 1 each
- Issue Price: ₹1 per equity share
- Purpose: Acquisition of WEXL EDU Limited towards an enterprise value of ₹120.26 Crores
- Allottee Category: Non-Promoters, Public Category (shareholders of WEXL EDU Limited)
- Swap Ratio: 120 equity shares of GACM Technologies Limited for 1 share of WEXL EDU Limited
- Status: Subject to applicable statutory and regulatory approvals
The Board also approved the Notice of the 31st Annual General Meeting of the Company for the Financial Year 2025-26.
Other Significant Information:
The list of 168 proposed allottees and the number of shares to be allotted to each is provided in Annexure-2. The allottees are the existing shareholders of WEXL EDU Limited. The largest allottees by number of shares to be received are:
- AVM TECH ED SOLUTIONS PRIVATE LIMITED: 444,000,000 shares (for 3,700,000 WEXL shares)
- BHARATH KUMAR PALATLA: 75,000,000 shares (for 625,000 WEXL shares)
- SWARNA GOURI KURAKULA: 70,588,200 shares (for 588,235 WEXL shares)
- PRIYA RAHUL MALU: 43,058,760 shares (for 358,823 WEXL shares)
- AJAY KUMAR JAIN: 13,905,600 shares (for 115,880 WEXL shares)