GACM Technologies has entered into a Memorandum of Understanding (MoU) with AIML Cloud Global Technologies Private Limited for the exclusive distribution of its software product, FIRM TALK ERP.

The agreement, dated September 24, 2026, appoints AIML Cloud as the exclusive distributor for the agreed territory. The deal includes a minimum guaranteed sales commitment of ₹15 crore over a 24-month term, significantly expanding the commercial scope beyond the previously reported distribution arrangement.

Agreement details

The MoU establishes a strategic business arrangement where AIML Cloud is responsible for marketing, promotion, sales, and distribution of the FIRM TALK product. GACM Technologies retains responsibility for the product itself, including installation, implementation, onboarding, training, updates, and technical support. The intellectual property rights in FIRM TALK remain exclusively with GACM Technologies, with no transfer of ownership to the partner.

Commercial terms and structure

A key update in this disclosure is the specific revenue-sharing model. Gross Revenue generated from the product will be shared equally, with 50% accruing to GACM and 50% to AIML. Each party bears its own costs out of its respective share; AIML bears distribution costs, while GACM bears installation and support service costs.

The minimum guaranteed sale of ₹15 crore is subject to terms and adjustments specified in the MoU. In the event of a shortfall at the end of the 24-month term, AIML is obligated to pay GACM 50% of the shortfall, subject to adjustments contemplated under the agreement. This clause provides a downside protection mechanism for GACM's revenue expectations.

The partnership marks a structured commercial arrangement aimed at expanding the reach of the Firm Talk ERP solution through AIML Cloud's distribution network. The company stated that the arrangement supports its software business and revenue-generation objectives by leveraging AIML's market reach.

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.