EBISU Global Opportunities Fund Limited has disposed of its entire 6.572% stake in GACM Technologies through open market transactions completed between August 24 and August 26, 2026.

The sale marks a complete exit for the investor, which held 105,000,000 equity shares carrying voting rights prior to the transaction. Following the disposal, EBISU Global’s holding in the company stands at nil.

Transaction Details

The shares were sold via the market mechanism on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited. The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

GACM Technologies’ total equity share capital remains unchanged at 1,597,742,236 shares, each with a face value of ₹1. The acquirer confirmed that none of the sold shares were encumbered by pledge, lien, or non-disposal undertakings.

Nitin Singhal, Director of EBISU Global Opportunities Fund Limited, signed the disclosure dated August 27, 2026, from the UAE.

GACM Technologies has executed a Memorandum of Understanding with Winfluential Private Limited to develop an AI-powered integrated insurance technology platform. The mandate carries an estimated consideration of ₹250.0 million, plus applicable GST and statutory taxes.

The agreement, dated August 27, 2026, appoints GACM Technologies as the technology development partner for the design, testing, and deployment of the super platform. Execution is scheduled over 18 to 24 months from the project commencement date.

Project Scope and Allocation

The platform will unify the insurance distribution and servicing lifecycle through an API-first, cloud-native architecture. Key modules include agent CRM, commission management, policy management, and AI-driven sales assistants.

Delivery Roadmap

The project is structured into four phases:

• Phase I (Months 1–6): Foundation including architecture, core CRM, and initial MIS.
• Phase II (Months 7–12): Insurance technology modules such as the commission engine and mobile applications.
• Phase III (Months 13–18): AI platform deployment featuring sales assistants and predictive analytics.
• Phase IV (Months 19–24): Scale and optimisation with advanced analytics and enterprise deployment.

What the Numbers Show

The value allocation reveals a strategic pivot toward high-margin intellectual property. The AI/ML Platform and Recommendation Engine command the largest single share at ₹40.0 million, followed by the AI Voice & Conversational Platform at ₹30.0 million. Together, these two AI-centric components account for ₹70.0 million, or 28% of the total contract value. This concentration suggests that the primary revenue driver for this engagement is not just standard software development, but specialized AI integration, aligning with the company's stated strategy of building deep capability in applied artificial intelligence.

Strategic Significance

This mandate represents one of the largest technology development engagements secured by the company to date. It adds a contracted, milestone-linked revenue stream with eight defined payment milestones spread across the delivery cycle.

Beyond the initial project term, the agreement includes a 12-month warranty from production Go-Live, followed by an Annual Maintenance and Support Agreement. This structure creates potential for recurring annuity revenue. The company retains ownership of its pre-existing platform technology and reusable components, which may be deployed for future customers subject to confidentiality safeguards.

Winfluential Private Limited is not a related party, and the transaction is on an arm's-length basis. A definitive Software Development Agreement will be executed in due course.