GACM Technologies has executed a Memorandum of Understanding with Winfluential Private Limited to develop an AI-powered integrated insurance technology platform. The mandate carries an estimated consideration of ₹250.0 million, plus applicable GST and statutory taxes.

The agreement, dated August 27, 2026, appoints GACM Technologies as the technology development partner for the design, testing, and deployment of the super platform. Execution is scheduled over 18 to 24 months from the project commencement date.

Project Scope and Allocation

The platform will unify the insurance distribution and servicing lifecycle through an API-first, cloud-native architecture. Key modules include agent CRM, commission management, policy management, and AI-driven sales assistants.

Delivery Roadmap

The project is structured into four phases:

• Phase I (Months 1–6): Foundation including architecture, core CRM, and initial MIS.
• Phase II (Months 7–12): Insurance technology modules such as the commission engine and mobile applications.
• Phase III (Months 13–18): AI platform deployment featuring sales assistants and predictive analytics.
• Phase IV (Months 19–24): Scale and optimisation with advanced analytics and enterprise deployment.

What the Numbers Show

The value allocation reveals a strategic pivot toward high-margin intellectual property. The AI/ML Platform and Recommendation Engine command the largest single share at ₹40.0 million, followed by the AI Voice & Conversational Platform at ₹30.0 million. Together, these two AI-centric components account for ₹70.0 million, or 28% of the total contract value. This concentration suggests that the primary revenue driver for this engagement is not just standard software development, but specialized AI integration, aligning with the company's stated strategy of building deep capability in applied artificial intelligence.

Strategic Significance

This mandate represents one of the largest technology development engagements secured by the company to date. It adds a contracted, milestone-linked revenue stream with eight defined payment milestones spread across the delivery cycle.

Beyond the initial project term, the agreement includes a 12-month warranty from production Go-Live, followed by an Annual Maintenance and Support Agreement. This structure creates potential for recurring annuity revenue. The company retains ownership of its pre-existing platform technology and reusable components, which may be deployed for future customers subject to confidentiality safeguards.

Winfluential Private Limited is not a related party, and the transaction is on an arm's-length basis. A definitive Software Development Agreement will be executed in due course.

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.