GACM Technologies has scheduled a board meeting for Thursday, September 24, 2026, to consider the approval of a preferential issue allottee list for acquiring a stake in WEXL EDU Limited.

The company disclosed that the meeting will also address a corrigendum to the notice of its 31st Annual General Meeting (AGM), scheduled for September 30, 2026, at 12:30 pm.

Board Agenda Details

The Board of Directors will focus on two primary items during the session:

• Approval of the revised list of proposed allottees and the number of Equity Shares to be allotted on a preferential issue basis through a share swap.
• Consideration of annexure documents related to the acquisition of the stake in WEXL EDU Limited, subject to applicable statutory and regulatory approvals.
• Approval of the Corrigendum to the Notice of the 31st AGM.

The intimation was issued under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that this information is also available on its official website.

What the Numbers Show

The source document does not disclose financial metrics such as transaction value, stake percentage, or valuation for the WEXL EDU acquisition. Consequently, no analytical observation regarding financial impact or valuation multiples can be derived from the provided data.

GACM Technologies has published the notice for its 31st Annual General Meeting scheduled for September 30, 2026. The meeting will approve the preferential allotment of shares to acquire WEXL EDU Limited and a Qualified Institutions Placement (QIP).

The Company Secretary, Sujata Suresh Jain, issued the intimation under Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was published in Financial Express and Mana Telangana on September 9, 2026.

Transaction Overview

The Board previously approved the allotment of 1,202,634,840 equity shares at ₹1 per share to non-promoter shareholders of WEXL EDU Limited. This transaction values the enterprise at ₹120.26 crore. Additionally, the company authorized a QIP of up to ₹200 crore during the same meeting.

Swap Ratio and Allottees

The swap ratio is fixed at 120:1. For every one share held in WEXL EDU Limited, shareholders receive 120 equity shares in GACM Technologies. The issuance is subject to statutory and regulatory approvals.

Note: The full list comprises 168 allottees. Only the top ten by allotment size are displayed above.

E-Voting and Book Closure

Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI Listing Regulations, the Register of Members will remain closed from September 24, 2026 to September 30, 2026.

The cutoff date for remote e-voting entitlement is September 23, 2026. The e-voting period commences on September 25, 2026 at 9:00 am and ends on September 29, 2026 at 5:00 pm. The AGM will be held via video conferencing at 12:30 pm.