GACM Technologies scheduled its Board of Directors meeting for Monday, August 31, 2026. The primary agenda item involves the potential acquisition of a stake in WEXL EDU Limited through a share swap mechanism.

The company intends to issue equity shares to non-promoters on a preferential basis as consideration for the acquisition. This move aligns with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and relevant provisions of the Companies Act, 2013. The board will also appoint necessary intermediaries and fix the relevant date for the share swap, subject to regulatory and member approvals.

Governance and Appointments

The board is set to re-appoint several key executives and directors. Mr. Jonna Venkata Tirupati Rao (DIN: 07125471) is eligible for re-appointment as Managing Director after retiring by rotation. Additionally, Mr. Srinivas Maya (DIN: 08679514) faces re-appointment as Whole Time Director, while Mr. Chandra Sekhar Dasaka (DIN: 05012419) is up for re-appointment as an Independent Director for his second term.

Statutory auditors and internal auditors will also be re-appointed during the session. The board will scrutinize material related-party transactions under Section 188 of the Companies Act, 2013, pending member approval.

Capital Structure and AGM

The agenda includes the reclassification of the unutilized portion of authorized share capital from DVR Equity Shares to Ordinary Equity Shares. The board will also determine the date for the 31st Annual General Meeting (AGM) and approve the draft notice for FY26.

Shareholders will be able to vote via the CDSL e-voting platform. A scrutinizer will be appointed to oversee the voting process for the AGM.

MGO High Conviction Fund incorporated VCC Sub-Fund sold 7,06,08,589 equity shares in GACM Technologies Limited , representing a 4.42% stake reduction. The disposal occurred through open market transactions on August 21 and 24, 2026.

The fund disclosed the transaction under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the sale, MGO High Conviction Fund held 14,00,00,000 shares, accounting for 8.76% of the company’s total voting capital.

Transaction Details

The acquirer reported no persons acting in concert (PAC) with the entity. The shares sold carried voting rights, with no encumbrances, warrants, or convertible securities involved in the transaction.

Post-Transaction Holding

Following the disposal, MGO High Conviction Fund’s holding stands at 6,93,91,411 shares, equivalent to 4.34% of GACM Technologies’ total diluted share capital. The company’s total equity share capital remains unchanged at 1,59,77,42,236 equity shares of ₹1 each.

The fund is not part of the promoter or promoter group of GACM Technologies. The shares are listed on the Bombay Stock Exchange Limited and the Metropolitan Stock Exchange of India Limited.