GACM Technologies Ltd

AGM details

• Date/Mode: 30 Sep 2026, VC/OAVM; 12:30–1:15 IST.
• e-voting: cut-off 23 Sep 2026; period 25–29 Sep 2026.

Ordinary resolutions

• Adopt audited financial statements for year ended Mar 31, 2026; results to be provided.
• Re-appoint statutory auditors; results to be provided.
• Appoint Jonna Tirupati Rao as Director liable to retire by rotation; results to be provided.

Special resolutions

• Re-appoint Jonna Tirupati Rao as Managing Director; results to be provided.
• Approve material-related party transactions; results to be provided.
• Re-appoint Srinivas Maya as Whole-Time Director; results to be provided.
• Appoint Chandra Sekhar Dasaka as Independent Director; results to be provided.
• Increase authorised share capital of the company; results to be provided.
• Issuance of equity shares to non-promoters on preferential basis (share swap) for Wexl Edu acquisition; results to be provided.
• Raise funds via QIP up to Rs 200 crores; results to be provided.

GACM TECHNOLOGIES LIMITED trading window closed from October 01, 2026; shall be opened 48 hours after the declaration of Unaudited Standalone and Consolidated Financial Results of the Company for the Second Quarter and half year ended on September 30, 2026, become generally available information.

Parties

• GACM Technologies Limited and AIML Cloud Global Technologies Private Limited.

Purpose

• Exclusive distribution of FIRM TALK ERP in the agreed territory.

Key terms

• 50:50 gross revenue sharing between GACM and AIML.
• AIML bears distribution costs; GACM bears installation and support costs.
• Minimum guaranteed sale of ₹15 crore over 24 months.
• Term: 24 months from the effective date; termination per terms.
• No transfer of ownership or IP; IP remains with GACM.

Related party status

• Not a related party transaction; AIML not related to GACM promoters/group.

Impact

• Expands market reach for FIRM TALK; potential revenue growth for GACM.
• IP remains with GACM; no ownership transfer.

Other disclosures

• Annexure I contains Reg 30 disclosures; no conflicts disclosed.
• No board or management changes reported.

Termination/amendment

• MOU can be terminated earlier per terms; otherwise remains in force 24 months.

Meeting Details

• Date of board meeting: September 24, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve revised list of allottees and equity shares for preferential issue (Share Swap) for WEXL EDU.
• Corrigendum to the Notice of 31st AGM to be held on Sep 30, 2026 at 12:30 PM.

Other Notes

• Intimation will be available on the company's website.

Meeting Details

• Board meeting scheduled for September 8, 2026; time and venue not disclosed.

Key Agenda Items

• Approve revised allottees list and equity shares on preferential issue for WEXL EDU stake swap.

Directors & Auditors

• Rao re-appointed as MD from 27-Nov-2026 for 5 years, and as Director liable to rotation.
• Srinivas Maya re-appointed as Whole Time Director for 5 years, effective 13-Nov-2026.
• Chandra Sekhar Dasaka re-appointed Independent Director for 5 years, subject to member approval.
• Statutory Auditor Gorantla & Co. re-appointed for second 5-year term from AGM 31st, subject to member approval.
• Internal Auditor Ganta & Co. appointed; effective 1-Apr-2026 for FY 2026-27.

Capital, Funding & Share Transactions

• Authorized share capital increased from ₹300 crore to ₹1,000 crore, subject to shareholder approval.
• Fund-raising via QIP/FCCB up to ₹200 crore, subject to approvals including members at AGM.
• Preferential issue of equity shares to non-promoters (share swap) for 23.64% WEXL EDU stake; approvals required.
• MOA alteration/adoption under Companies Act 2013, subject to shareholder approval.
• Valuation report by Gadiparthi Rambabu submitted for share swap.

Compliance, AGM Preparations & Related Actions

• Related party transactions to be approved by members under Section 188.
• Draft annual report for FY2025-26; 31st AGM date and draft Notice prepared.
• Appointment of Scrutinizer for AGM voting; CDSL e-voting platform to be used.

Parties

• GACM Technologies Limited and Winfluential Private Limited are the contracting parties.

Purpose

• Design, development, testing, implementation and deployment of an AI-powered insurance tech platform.
• GACM acts as technology development partner.

Key terms

• Estimated project value ₹250.0 million plus GST and taxes.
• Duration 18–24 months from project commencement date.
• Eight milestones across four delivery phases enable payments.
• GACM retains ownership of pre-existing platform IP.
• Definitive SDA/MSA to follow.
• Counterparty to provide cloud hosting and related services at extra cost.

Related party status

• Winfluential Private Limited is not a related party; transaction is arm's length.

Impact

• Multi-year, milestone-linked revenue with progressive recognition.
• Expands order book and AI/InsurTech capability.
• No shareholding changes between parties.
• IP retained and reusable for future customers.

Other disclosures

• Regulatory disclosure under Regulation 30; MOU to be superseded by definitive agreement.
• Definitive agreement to specify SOW, SLAs, and milestones.
• Governing law: Laws of India; courts at Hyderabad, Telangana.
• Costs beyond consideration payable by counterparty.

Termination / amendment

• MOU term continues until definitive agreement; no termination noted.

Meeting Details

• Board meeting scheduled for Monday, August 31, 2026.

Key Agenda Items

• Appointment/rotation: Rao to retire by rotation; eligible for re-appointment as Director and MD.
• Re-appointment of Srinivas Maya as Whole Time Director.
• Re-appointment of Statutory Auditors.
• Preferential issue of equity shares to non-promoters (share swap) for WEXL EDU stake.
• Reclassification of unutilized DVR equity shares to ordinary equity shares.
• Fix relevant date for share swap.
• Fix date of 31st AGM and draft Notice for FY 2025-26.
• Draft annual report for FY 2025-26 with annexures.
• Re-appointment of Independent Director; related party transactions approval; Scrutinizer appointment; e-voting setup; internal auditor appointment.

Other Notes

Key details

• Target Company: GACM Technologies Limited.
• Disclosing Party: Magnifica Global Opportunities VCC - MGO High Conviction Fund Incorporated VCC Sub-Fund; PAC NIL; not promoter.
• Transaction Type: Disposal of voting rights (sale of 7,06,08,589 shares).
• Pre-Transaction Holding: 14,000,000 equity shares (8.76%).
• Transaction Details: Sold 7,06,08,589 voting rights; open market; dates 21/08/2026 and 24/08/2026.
• Post-Transaction Holding: 6,93,91,411 voting rights (4.34%).
• Date(s) of Transaction: 21/08/2026 and 24/08/2026.
• Equity share capital before/after: 1,59,77,42,236; diluted after: 1,59,77,42,236.
• Mode: Open market.