GACM Technologies Ltd has announced the execution of a Memorandum of Understanding (MoU) with Meridian Intelligence Private Limited, a company registered at Workflow, Hitex Bizness, 4th Floor, House No.1-98/3/5/23-27, Jubilee Enclave, Madhapur, Hyderabad, Telangana – 500 081. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The MoU is directed at establishing a cooperative framework for software development activities between the two parties.

Key Terms of the MoU

The agreement outlines a structured collaboration between GACM Technologies Ltd and Meridian Intelligence Private Limited, with the primary objective of advancing software development initiatives. The following table summarises the key details of the MoU as disclosed:

Nature and Scope of the Agreement

The MoU is intended to provide the foundation and framework for any and all anticipated binding agreements relating to the development of software. The parties are expected to work together in a cooperative and coordinated manner to fulfil the purpose of the understanding. The contract value under the arrangement is Rs 1,500 lakhs (Rupees Fifteen Hundred Lakhs only), and the engagement is structured to run until 30 September 2028, offering a defined multi-year timeline for the collaboration.

Related Party and Conflict of Interest Disclosures

GACM Technologies Ltd has confirmed that Meridian Intelligence Private Limited is not related to the promoter, promoter group, or group companies of the company in any manner. The transaction does not fall within the ambit of a related party transaction. Additionally, no other disclosures regarding nominee board positions, potential conflicts of interest, or similar matters have been reported in connection with this agreement. The company holds nil shareholding in Meridian Intelligence Private Limited.

Regulatory Compliance

The intimation has been filed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III thereof and applicable SEBI Circulars. The disclosure was signed by Jonna Venkata Tirupati Rao, Managing Director of GACM Technologies Ltd (DIN: 07125471), and has been made available on the company's website. The company's registered office is located at 2nd Floor, GHMC No- 3-260/KA/201/NR PLOT NO. 260, Guttala Begumpet, Kavuri Hills, Hyderabad- 500033, Telangana, India.

GACM Technologies Limited has approved the incorporation of a wholly owned foreign subsidiary in the United Kingdom to expand its international business operations. The new entity, named Auratrust Tech Limited, will focus on software development and information technologies, subject to regulatory approvals. This strategic move aims to enhance the company's global footprint and diversify its operational reach.

The board meeting, held on June 25, 2026, at the company's registered office in Hyderabad, also deliberated on a proposal to issue equity shares to non-promoters on a preferential basis. This share swap is intended in lieu of acquiring stakes in Market Simplified India Limited and WEXL EDU Private Limited. The board decided to initiate preparatory activities, including stakeholder communications, with the date for a shareholders' meeting to be determined later.

Auratrust Tech Limited will hold a share capital of 1,000 Ordinary Shares of GBP 1 each, with 100% shareholding held by GACM Technologies Limited. The subsidiary will be classified as a related party of the company from the date of incorporation. The promoter, promoter group, and other group companies have no interest in the proposed subsidiary beyond this relationship.

The board authorized designated officials to undertake all necessary actions, filings, and compliances for the incorporation. The meeting commenced at 03:00 P.M. and concluded at 04:00 P.M. on the same day. The company secretary, Sujata Suresh Jain, confirmed the outcomes in the regulatory filing.

Key Details of Board Meeting

Proposed Subsidiary Overview