GACM Technologies has announced its register of members will remain closed from September 24, 2026 to September 30, 2026 in connection with its 31st Annual General Meeting. The meeting is scheduled for September 30, 2026, at 12:30 pm via video conferencing.

The Board of Directors previously approved the preferential allotment of 1,202,634,840 equity shares at ₹1 per share to acquire a stake in WEXL EDU Limited. This transaction values the enterprise at ₹120.26 crore. The allottees are non-promoter shareholders of WEXL EDU.

Transaction Structure

The swap ratio is fixed at 120:1, meaning for every one share held in WEXL EDU Limited, the shareholder receives 120 equity shares in GACM Technologies. The issuance is subject to statutory and regulatory approvals. The Company Secretary and Compliance Officer, Sujata Suresh Jain, signed the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Allottee Details

The following table lists the top ten proposed allottees and the number of GACM Technologies equity shares they are eligible to receive based on their existing holdings in WEXL EDU Limited:

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 Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer books will remain closed during the specified period.

The cutoff date to record entitlement for remote e-voting 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.

Additional Approvals

During the same meeting, the Board also approved the Notice for the 31st Annual General Meeting (AGM) for the Financial Year 2025-26. The company also authorized a Qualified Institutions Placement (QIP) of up to ₹200 crore.

What the Numbers Show

The significant dilution implied by the issuance of over 1.2 billion shares highlights the scale of the acquisition relative to GACM Technologies' current capital structure. The fixed swap ratio of 120:1 determines the exact equity transfer from WEXL EDU shareholders to GACM, locking in the valuation mechanics regardless of future market price fluctuations until the deal closes.

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.