Key Quantitative Figures
- Contract value: ₹1,500 lakhs (Rupees Fifteen Hundred Lakhs only)
- Agreement validity: Until September 30, 2028
Parties Involved
- GACM Technologies Limited (listed entity)
- Meridian Intelligence Private Limited (counterparty)
- Registered office of counterparty: Workflow, Hitex Bizness, 4th Floor, House No. 1-98/3/5/23-27, Jubilee Enclave, Madhapur, Hyderabad, Telangana – 500 081
Purpose and Rationale
The purpose of the MOU is to achieve growth-oriented revenue generation by partnering for software development. The MOU provides the foundation and framework for anticipated binding agreements relating to software development. The collaboration is expected to strengthen the company's business pipeline and contribute meaningfully to revenue growth over the tenure of the arrangement.
Relationship Status
Meridian Intelligence Private Limited is not related to the Promoter/Promoter Group/Group Companies of GACM Technologies Limited in any manner. The transaction does not fall within the ambit of a related party transaction.
Significant Terms
1. The parties shall work together in a cooperative and coordinated effort to achieve the purpose of the MOU
2. Contract value: ₹1,500 lakhs
3. Agreement commences upon the Effective Date and continues until September 30, 2028
Financial Impact
The disclosure states the contract value of ₹1,500 lakhs but does not provide specific quantification of financial impact on revenue, profitability, or cash flows. The arrangement is expected to contribute meaningfully to revenue growth over the multi-year tenure.