GACM Technologies has completed a qualified institutional placement (QIP), raising ₹49.5 crore through the allotment of 49.5 crore equity shares at ₹1 per share. The company’s fund-raising committee approved the issue and allotment on August 17, 2026, following the closure of the issue on August 14, 2026.

The placement was executed in accordance with Regulation 176(1) of the SEBI ICDR Regulations and Sections 42 and 62 of the Companies Act, 2013. Four qualified institutional buyers participated in the issue, with all allottees receiving more than 5% of the total securities offered.

Capital Structure Impact

The successful QIP increases GACM Technologies’ paid-up equity share capital from ₹1,10.27 crore (1,10,27,42,236 shares) to ₹1,59.77 crore (1,59,77,42,236 shares). Each equity share has a face value of ₹1.

Allottee Details

The following institutions were allotted shares in the QIP:

All four entities fall under the QIP category. The company will submit the shareholding pattern before and after the issue along with its listing application, as required under Regulation 31 of the SEBI Listing Regulations.

Magnifica Global Opportunities VCC-MGO High Conviction Fund Incorporated VCC Sub-Fund has acquired a significant stake in GACM Technologies through a Qualified Institutions Placement (QIP). The Mauritius-based fund purchased 14,00,00,000 fully paid-up equity shares, each with a face value of ₹1, at an issue price of ₹1 per share. This transaction marks the fund’s initial entry into the company’s shareholder base.

The acquisition brings Magnifica Global’s total holding to 8.76% of GACM Technologies’ total share and voting capital. Prior to this transaction, the acquirer held no shares or voting rights in the target company. The newly acquired shares rank pari passu with existing equity shares, ensuring equal rights and privileges for the institutional investor.

Transaction Details

The deal was executed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The date of acquisition and receipt of intimation for allotment is recorded as August 14, 2026, subject to confirmation against final allotment and credit intimation.

Capital Structure Impact

The issuance of new equity shares has materially altered GACM Technologies’ capital structure. The company’s equity share capital increased from 1,10,27,42,236 shares before the acquisition to 1,59,77,42,236 shares post-acquisition. This represents an addition of approximately 45% to the pre-existing share capital base.

As there are no outstanding convertible securities or warrants mentioned in the disclosure, the total diluted share/voting capital remains identical to the post-acquisition equity share capital at 1,59,77,42,236 shares. The acquirer confirmed that it does not belong to the promoter or promoter group of GACM Technologies and has no Persons Acting in Concert (PAC).

What the Numbers Show

The acquisition was executed at par value (₹1), matching the face value of the shares. This pricing structure suggests the QIP may have been structured to raise capital without immediate premium valuation pressure, or potentially involves specific regulatory or strategic considerations typical of certain institutional placements. The absence of encumbrances on the acquired shares indicates a clean title transfer to the acquirer.