GACM Technologies Appoints Monitoring Agency for ₹4,950 Lakhs Placement

GACM Technologies Ltd has issued a corrigendum to its placement document, announcing the appointment of Infomerics Valuation and Rating Limited as the Monitoring Agency for its proposed Qualified Institutions Placement (QIP). The issue size is ₹4,950 lakhs. Although not mandatory under SEBI regulations, the company has voluntarily appointed Infomerics to ensure independent monitoring and enhance transparency in the utilization of the net proceeds. Infomerics, a SEBI-registered credit rating agency, has consented to this role, which will involve monitoring fund utilization in accordance with SEBI ICDR Regulations and other applicable laws.