StockWatch
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Stockbroking & Allied
Corporate Action14 Aug 2026, 07:11 pm

GACM Technologies Closes Qualified Institutional Placement Issue

AI Summary

GACM Technologies Ltd announced the closure of its Qualified Institutional Placement (QIP) issue on August 14, 2026. The Fund Raising Committee approved the closure following the receipt of subscription applications and funds from eligible qualified institutional buyers. The QIP was conducted under SEBI ICDR Regulations and the Companies Act, 2013. The trading window for designated persons will remain closed for 48 hours post-issue closure, as per the company's Insider Trading Code of Conduct.

Key Highlights

  • QIP issue closure approved by Fund Raising Committee.
  • Closure effective August 14, 2026, post subscription.
  • Trading window closed for designated persons.
  • Compliance with SEBI regulations and Companies Act.