Board Meeting7 April 2026 at 10:48 am
GACM Technologies Ltd. Announces Key Decisions from Board Meeting on April 07, 2026
AI Summary
GACM Technologies Ltd. held a Board Meeting on April 07, 2026, where several key decisions were made. The Board approved the issuance of foreign currency convertible bonds (FCCB) worth up to US$699000000.00, in one or more tranches, subject to necessary approvals. The Company also decided to register with Software Technology Parks of India, Hyderabad, to undertake export of software products and/or services and avail benefits under the STPI scheme. An Extra ordinary general meeting (EGM) was approved for seeking shareholders' approval for these items. The Board also appointed Mr. Anil Kumar Rastogi as Scrutinizer for the EGM and set the cut-off date for determining the eligibility to vote as April 22, 2026.
Key Highlights
- Approval of FCCB issuance worth up to US$699000000.00
- Registration with Software Technology Parks of India, Hyderabad
- Approval of Extra ordinary general meeting (EGM) for shareholders' approval
- Appointment of Mr. Anil Kumar Rastogi as Scrutinizer for the EGM
- Setting the cut-off date for determining the eligibility to vote for the EGM as April 22, 2026