GACM Technologies Board Approves Director Re-appointments, Fundraise Up To ₹200 Cr

GACM Technologies Ltd's Board of Directors met on August 31, 2026, approving several key appointments and corporate actions. The board re-appointed Mr. Jonna Venkata Tirupati Rao as Managing Director for a five-year term and Mr. Srinivas Maya as Whole Time Director. Mr. Chandra Sekhar Dasaka was re-appointed as Independent Director for a second term. The company also approved the re-appointment of statutory auditors and the appointment of an internal auditor. Significant corporate actions include a proposed increase in authorized share capital from ₹300 Crores to ₹1000 Crores and plans to raise up to ₹200 Crores via QIP/ADR/GDR/FCCB. Additionally, the company will issue equity shares on a preferential basis for acquiring a 23.64% stake in WEXL EDU Limited. The 31st Annual General Meeting date and draft annual report for FY25-26 were also approved.