MGO High Conviction Fund incorporated VCC Sub-Fund sold 7,06,08,589 equity shares in GACM Technologies Limited , representing a 4.42% stake reduction. The disposal occurred through open market transactions on August 21 and 24, 2026.

The fund disclosed the transaction under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the sale, MGO High Conviction Fund held 14,00,00,000 shares, accounting for 8.76% of the company’s total voting capital.

Transaction Details

The acquirer reported no persons acting in concert (PAC) with the entity. The shares sold carried voting rights, with no encumbrances, warrants, or convertible securities involved in the transaction.

Post-Transaction Holding

Following the disposal, MGO High Conviction Fund’s holding stands at 6,93,91,411 shares, equivalent to 4.34% of GACM Technologies’ total diluted share capital. The company’s total equity share capital remains unchanged at 1,59,77,42,236 equity shares of ₹1 each.

The fund is not part of the promoter or promoter group of GACM Technologies. The shares are listed on the Bombay Stock Exchange Limited and the Metropolitan Stock Exchange of India Limited.

GACM Technologies has appointed Infometrics Valuation and Rating Limited as the monitoring agency for its proposed qualified institutions placement (QIP). The issue size is set at ₹4,950 lakhs.

The Hyderabad-based technology firm disclosed the appointment in a filing to stock exchanges on August 19, 2026, citing Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voluntary Oversight Mechanism

Under Regulation 173A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the appointment of a monitoring agency is not mandatory for this specific issue size. However, GACM Technologies has chosen to engage an independent monitor to ensure rigorous oversight of the net proceeds.

The company stated that this voluntary step is intended to enhance transparency regarding how the funds will be utilised post-issuance. Infometrics, a SEBI-registered credit rating agency, has provided its consent to act in this capacity.

Monitoring Scope

Infometrics Valuation and Rating Limited will monitor the utilisation of the net proceeds in accordance with applicable provisions of the SEBI ICDR Regulations and other relevant laws and guidelines. This arrangement provides investors with an additional layer of assurance regarding the deployment of capital raised through the QIP.