Board Meeting7 Apr 2026, 04:23 pm
GACM Technologies Ltd. Announces Key Decisions from Board Meeting on April 07, 2026: FCCB Issuance, STPI Registration, and EGM
AI Summary
GACM Technologies Ltd. held a Board Meeting on April 07, 2026, and approved several key decisions. The Board approved the issuance of foreign currency convertible bonds (FCCB) worth up to US$699000000.00, and the proposal for registration with Software Technology Parks of India (STPI), Hyderabad, to enable software product and/or service exports. The company also announced an Extraordinary General Meeting (EGM) on April 29, 2026, to seek shareholder approval for these decisions. Mr. Anil Kumar Rastogi, a Practicing Company Secretary, was appointed as the Scrutinizer for the EGM, and the cut-off date for determining eligibility to vote was set as April 22, 2026.
Key Highlights
- Approval of FCCB issuance for up to US$699000000.00
- Registration proposal with Software Technology Parks of India (STPI), Hyderabad
- Announcement of Extraordinary General Meeting (EGM) on April 29, 2026
- Appointment of Mr. Anil Kumar Rastogi as Scrutinizer for the EGM
- Cut-off date for determining eligibility to vote set as April 22, 2026