Penny Stock Trading Under Rs 1 Approves Rs 200 Cr Fundraise Via QIP; Reports Robust Q1 Results

At its meeting on Wednesday, July 9, 2025, GACM Technologies Ltd. authorized the raising of funds through Qualified Institutions Placement (QIP) for a total of up to Rs. 200 crore. The firm may contemplate the QIP issue at the face value or at a premium as may be allowed by relevant legislation. The face value of the company's shares is Rs. 1 per share. In addition, the business announced strong financial performance for the first quarter of FY26. During the afternoon trade on Thursday, GACM Technologies Ltd.'s shares were trading at Rs 0.87 a share on the BSE, with a market capitalization of Rs 95.94.

The Board of Directors of the Company in its meeting held today i.e., Wednesday, July 09 "approved raising of funds by way of issuance of such number of equity shares having face value of Rs 1 each of the Company ("Equity Shares") and / or other eligible securities or any combination thereof (hereinafter referred to as "Securities"), for an aggregate amount not exceeding Rs 200 crore (Rupees Two Hundred Crore only) or an equivalent amount thereof by way of Qualified Institutional Placement ("QIP") in accordance with the applicable laws, in one or more tranches, subject to the receipt of the necessary approvals including the approval of the members of the Company at the ensuing Annual General Meeting of the Company," said GACM Technologies in a stock exchange filing.

At the meeting, the company's Board of Directors also reviewed and recorded the status of the proposed preferential allotment of equity shares through share swap and confirmed the agreement to swap shares is finalized up to a 16% stake in MSIL's equity and a 30% stake in WeXL Edu Private Limited's equity.

Financially speaking, the company recorded consolidated net sales of Rs 6.70 crore for the June 2025 quarter, rising 308.7% from Rs 1.64 crore for the June 2024 quarter. In Q1FY26, net profit was Rs. 3.24 crore, an 819.22% growth over Q1FY25's Rs. 0.35 crore. EBITDA increased 491.3% from Rs. 0.69 crore in the same quarter of the previous fiscal year to Rs. 4.08 crore in the quarter under review.

Additionally, GACM Technologies has taken into consideration and recognized Mr. Venkateshwar Nellutla's resignation from his role as a non-executive and independent director, effective immediately. As a result, he will no longer serve on the company's committees.

Based in India, GACM Technologies Ltd. is a multifaceted technology and consulting company. GACM offers business process outsourcing, hardware and network services, enterprise software, financial technology solutions, and software development.