Magnifica Global Opportunities VCC-MGO High Conviction Fund Incorporated VCC Sub-Fund has acquired a significant stake in GACM Technologies through a Qualified Institutions Placement (QIP). The Mauritius-based fund purchased 14,00,00,000 fully paid-up equity shares, each with a face value of ₹1, at an issue price of ₹1 per share. This transaction marks the fund’s initial entry into the company’s shareholder base.

The acquisition brings Magnifica Global’s total holding to 8.76% of GACM Technologies’ total share and voting capital. Prior to this transaction, the acquirer held no shares or voting rights in the target company. The newly acquired shares rank pari passu with existing equity shares, ensuring equal rights and privileges for the institutional investor.

Transaction Details

The deal was executed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The date of acquisition and receipt of intimation for allotment is recorded as August 14, 2026, subject to confirmation against final allotment and credit intimation.

Capital Structure Impact

The issuance of new equity shares has materially altered GACM Technologies’ capital structure. The company’s equity share capital increased from 1,10,27,42,236 shares before the acquisition to 1,59,77,42,236 shares post-acquisition. This represents an addition of approximately 45% to the pre-existing share capital base.

As there are no outstanding convertible securities or warrants mentioned in the disclosure, the total diluted share/voting capital remains identical to the post-acquisition equity share capital at 1,59,77,42,236 shares. The acquirer confirmed that it does not belong to the promoter or promoter group of GACM Technologies and has no Persons Acting in Concert (PAC).

What the Numbers Show

The acquisition was executed at par value (₹1), matching the face value of the shares. This pricing structure suggests the QIP may have been structured to raise capital without immediate premium valuation pressure, or potentially involves specific regulatory or strategic considerations typical of certain institutional placements. The absence of encumbrances on the acquired shares indicates a clean title transfer to the acquirer.

Al Maha Investment Fund PCC - Onyx Strategy has acquired a 6.57% stake in GACM Technologies through a Qualified Institutions Placement (QIP). The Mauritius-based fund purchased 10,50,00,000 fully paid-up equity shares of face value ₹1 each at an issue price of ₹1 per share. The transaction increases the company’s total equity share capital from 1,10,27,42,236 shares to 1,59,77,42,236 shares.

The acquisition was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Al Maha Investment Fund is not part of the promoter group and has no Persons Acting in Concert (PAC). The new shares rank pari passu with existing equity shares.

Transaction Details

What the Numbers Show

The QIP resulted in a significant expansion of the company's share base. The total equity capital increased by approximately 44.9% (from 1,10,27,42,236 to 1,59,77,42,236 shares), indicating that the fresh issuance constituted a substantial portion of the post-transaction capital structure. The acquirer holds no encumbrances or convertible instruments, representing a direct equity investment.

Regulatory Disclosure

The disclosure was filed with the BSE Limited and National Stock Exchange of India Limited (NSE). The date of receipt of intimation of allotment is confirmed as August 14, 2026, subject to final credit intimation. Part-B of the disclosure, containing PAN details and authorized signatures, was submitted to the exchanges but not disseminated publicly.