GACM Technologies Limited (GATECH)
₹0.60 +3.45% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, GACM Technologies' revenue was ₹4.5 Cr (-32.8% year on year, -25.0% on the previous quarter), and net profit ₹1.5 Cr (-53.1% year on year); the operating margin was 67.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹4.5 | -32.8% | -25.0% |
| Operating profit | ₹3.1 | -21.0% | -1.0% |
| Net profit | ₹1.5 | -53.1% | -8.4% |
| EPS (₹) | 0.01 | -60.7% | -41.0% |
| Operating margin | 67.8% | — | — |
GATECH exchange data
NSE end-of-day data for
It closed at its upper price band (circuit) on 16 Oct, one of 14 band closes in about the last 20 sessions.
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
GACM Technologies announced the approval of all AGM resolutions held on September 30, 2026, according to the Scrutinizer's report. Key approvals include a Qualified Institutions Placement (QIP) of up to Rs 200 crore (approved by 99.73% votes) and a preferential share issue via share swap to acquire a stake in WEXL EDU Limited (approved by 99.50% votes). Additionally, shareholders approved an increase in authorized share capital and the re-appointment of Managing Director Jonna Venkata Tirupati Rao. The Rs 200 crore QIP headroom is massive compared to the company's current market cap of approximately Rs 72 crore.
- Shareholders approved QIP fundraise of up to Rs. 200 Crores with 99.73% votes in favour
- Acquisition of stake in WEXL EDU Limited via preferential share swap approved with 99.50% votes in favour
- Re-appointment of Jonna Venkata Tirupati Rao as Managing Director approved with 98.47% votes in favour
- Approval granted for increase in Authorized share capital with 99.51% voting in favour
GACM Technologies held its 31st AGM on September 30, 2026, placing key resolutions before shareholders. Notable special business includes raising up to ₹200 crore via a Qualified Institutions Placement (QIP), which dwarfs the company's current market cap of ₹76 crore and TTM revenue of ₹20 crore. Additionally, resolutions were considered for acquiring a stake in Wexl Edu Limited via a preferential share swap and approving material related-party transactions. Final voting results scrutinized by Practicing Company Secretary Anil Kumar Rastogi are awaited.
- Proposed QIP fundraising of up to ₹200 crore placed for shareholder approval
- Proposed issuance of equity shares via preferential issue (share swap) to acquire a stake in Wexl Edu Limited
- Approval sought for material related-party transactions and increase in authorized share capital
- AGM concluded on September 30, 2026, with voting results to be submitted within SEBI prescribed timelines
GACM Technologies has entered into a 24-month Memorandum of Understanding (MoU) with AIML Cloud Global Technologies, appointing them as the exclusive distributor for its 'FIRM TALK' ERP software. The agreement includes an equal 50:50 gross revenue sharing model and a minimum guaranteed sale of ₹15 crore across the 2-year tenure. If there is any shortfall at the end of the term, AIML is obligated to pay GACM 50% of the difference, providing a guaranteed floor of ₹7.5 crore to GACM. This total guaranteed sales pipeline represents ~75% of GACM's TTM revenue of ₹20 crore.
- Exclusive distributor appointment for 'FIRM TALK' ERP product over a 24-month term starting September 24, 2026
- Minimum guaranteed sale of ₹15 crore over the 24-month period (~75% of FY26 TTM revenue)
- Gross revenue to be shared 50:50 between GACM Technologies and AIML Cloud
- Shortfall protection clause where AIML pays GACM 50% of any shortfall against the ₹15 crore target
GACM Technologies has issued a corrigendum to its 31st AGM notice scheduled for September 30, 2026, revising Item No. 09 following stock exchange inputs. The resolution concerns the acquisition of WEXL Edu Limited via a preferential share swap offering 120 GACM equity shares for every 1 share held in WEXL Edu. The swap involves major issuances including 44.40 crore shares to AVM Tech Ed Solutions and 7.50 crore shares to Bharath Kumar Palatla. Common directorship is noted with Mr. Srinivas Maya serving on both boards.
- Share swap ratio fixed at 120 equity shares of GACM for every 1 share of WEXL Edu Limited
- Largest proposed allotment is 44,40,00,000 equity shares to AVM Tech Ed Solutions Private Limited
- AGM to vote on the revised resolution scheduled for September 30, 2026
- Disclosure of common directorship: Mr. Srinivas Maya is a director in both GACM and WEXL Edu
GACM Technologies has appointed Mr. Siddarth Bhagwanji as Chief Executive Officer (CEO) effective September 24, 2026. Alongside this, the Board approved amendments required by the stock exchange regarding the issuance of equity shares on a preferential basis (share swap) to acquire a stake in WEXL Edu Private Limited. Additionally, the company cancelled plans to incorporate a subsidiary in the UK and will instead set up a wholly-owned subsidiary in Hong Kong with a capital of 25,000 shares of HKD 1 each.
- Appointment of Mr. Siddarth Bhagwanji as CEO with 13+ years of experience across SaaS and FinTech
- Issued corrigendum to 31st AGM notice scheduled for September 30, 2026, amending item no. 9 regarding WEXL Edu share swap
- Setup of a Wholly Owned Foreign Subsidiary in Hong Kong with share capital of 25,000 ordinary shares of HKD 1 each, replacing UK plans
- Noted that previously approved 64,69,94,500 warrants were cancelled/withdrawn due to price differences between allotment and market prices
GACM Technologies approved amendments to its AGM resolution regarding a preferential share swap for acquiring a stake in WEXL Edu Private Limited based on stock exchange feedback. The company also abandoned its plans to incorporate a UK subsidiary and decided to establish a wholly owned subsidiary in Hong Kong, GACM Tech HK Limited, with share capital of 25,000 HKD. Additionally, Siddarth Bhagwanji was appointed as the Chief Executive Officer and Key Managerial Personnel effective September 24, 2026. Shareholder approval for the amended resolution will be sought at the AGM on September 30, 2026.
- Amended Item No. 9 for preferential share swap issue to non-promoters to acquire stake in WEXL Edu Private Limited following stock exchange suggestions
- Incorporation of a wholly owned foreign subsidiary in Hong Kong (GACM Tech HK Limited) with share capital of 25,000 Ordinary Shares of HKD 1 each, replacing earlier UK plans
- Appointment of Siddarth Bhagwanji as Chief Executive Officer effective September 24, 2026
- 31st Annual General Meeting scheduled for September 30, 2026 at 12:30 PM IST
GACM Technologies Limited has scheduled its 31st Annual General Meeting (AGM) for Wednesday, September 30, 2026, via Video Conferencing. The company has fixed September 23, 2026, as the cut-off date to determine member eligibility for remote e-voting. Share transfer books and the register of members will remain closed from September 24 to September 30, 2026. The remote e-voting period runs from September 25 to September 29, 2026.
- 31st AGM scheduled for Wednesday, September 30, 2026, at 12:30 PM IST
- Cut-off date for e-voting fixed as Wednesday, September 23, 2026
- Book closure from Thursday, September 24, 2026, to Wednesday, September 30, 2026
- Remote e-voting window opens September 25, 2026 (09:00 AM) and ends September 29, 2026 (05:00 PM)
GACM Technologies has issued an AGM notice for September 30, 2026, seeking shareholder approval for a massive Qualified Institutions Placement (QIP) of up to Rs 400 crore. This proposed fundraise represents over 4.3 times the company's current market cap of Rs 92 crore and 20 times its TTM revenue of Rs 20 crore. Additionally, the company is seeking approval for material related-party transactions with limits of Rs 100 crore per entity across 11 related companies, covering advances and inter-corporate loans. The AGM agenda also includes the re-appointment of Managing Director Jonna Venkata Tirupati Rao and Whole Time Director Srinivas Maya for 5-year terms.
- Enabling resolution to raise up to Rs 400 crore via QIP of Re 1 face value shares (Board previously approved Rs 200 crore on August 31, 2026)
- Proposed QIP of Rs 400 crore compares to the current market cap of Rs 92 crore (~435% of market cap)
- Approval sought for Material Related Party Transactions with limits of up to Rs 100 crore per entity across 11 related entities including loans and services
- AGM scheduled for September 30, 2026, via Video Conferencing
- Re-appointment of MD Jonna Venkata Tirupati Rao for 5 years from November 27, 2026 to November 26, 2031
GACM Technologies has approved a revised list of proposed allottees to issue 120,26,34,840 equity shares via preferential allotment on a share swap basis at ₹1 per share. The transaction amounts to an enterprise value of ₹120.26 crore to acquire a stake in WEXL EDU Limited. In comparison, GACM's current market cap stands at approximately ₹92 crore, making this acquisition larger than the company's existing valuation (131% of market cap). The swap ratio is established at 120:1, and the issuance is subject to shareholder approval at the upcoming 31st AGM and statutory nods.
- Proposed issuance of 120,26,34,840 equity shares at ₹1 per share
- Total transaction value pegged at enterprise value of ₹120.26 crore
- Share swap ratio set at 120:1 for shareholders of WEXL EDU Limited
- Largest single allottee AVM Tech Ed Solutions to receive 44,40,00,000 shares
- Notice of the 31st Annual General Meeting for FY 2025-26 approved
GACM Technologies' Board has approved a proposal to raise up to ₹200 Crore via QIP, ADR, GDR, or FCCBs, which represents ~162.6% of its current market cap of ₹123 Crore. The Board also approved the acquisition of a 23.64% stake in WEXL EDU Limited via a preferential share swap to non-promoters. Furthermore, the company resolved to expand its authorized share capital from ₹300 Crore to ₹1,000 Crore and re-appointed Managing Director Jonna Venkata Tirupati Rao for a 5-year term, all subject to shareholder approval at the ensuing 31st AGM.
- Approved fundraising of up to ₹200 Crore through QIP/ADR/GDR/FCCBs, subject to shareholder approval.
- Approved acquisition of a 23.64% equity stake in WEXL EDU Limited through a preferential share swap.
- Proposed increase in authorized share capital from ₹300 Crore to ₹1,000 Crore.
- Re-appointed Mr. Jonna Venkata Tirupati Rao as Managing Director for 5 years effective November 27, 2026.
GACM Technologies' Board approved an enabling resolution to raise up to Rs 200 Crores through QIP, ADR, GDR, or FCCBs, which is significant relative to its current market cap of ~Rs 123 Crores. Additionally, the Board approved acquiring a 23.64% stake in WEXL EDU Limited via a preferential share swap issue to non-promoters. To facilitate future capital issuances, the company proposes to expand its authorised share capital from Rs 300 Crores to Rs 1,000 Crores, subject to shareholder approval at the 31st AGM.
- Approved raising funds up to Rs 200 Crores via QIP, ADR, GDR, or FCCB instruments
- Approved acquisition of a 23.64% stake in WEXL EDU Limited via preferential share swap
- Proposed increasing authorised share capital from Rs 300 Crores to Rs 1,000 Crores
- Re-appointed Jonna Venkata Tirupati Rao as Managing Director for a 5-year term starting November 27, 2026
- Fundraise approval of Rs 200 Cr represents ~163% of the company's current market capitalisation of Rs 123 Cr
GACM Technologies' Board has approved raising up to ₹200 Crores via QIP, ADR, GDR, or FCCBs, which represents ~163% of its current market capitalization (₹123 Cr). The Board also approved acquiring a 23.64% stake in WEXL EDU Limited via a preferential share swap. Additionally, the company proposed increasing its authorized share capital from ₹300 Crores to ₹1,000 Crores, subject to shareholder approval at the 31st AGM. MD Jonna Venkata Tirupati Rao and WTD Srinivas Maya were also re-appointed for 5-year terms.
- Approved raising funds up to ₹200 Crores through QIP, ADR, GDR, or FCCBs subject to shareholder approval.
- Approved acquisition of a 23.64% stake in WEXL EDU Limited via preferential issue of equity shares (share swap).
- Proposed expanding authorized share capital from ₹300 Crores to ₹1,000 Crores.
- Re-appointed MD Jonna Venkata Tirupati Rao for a 5-year term effective November 27, 2026.
- Re-appointed Whole Time Director Srinivas Maya for a 5-year term effective November 13, 2026.
The Board of GACM Technologies approved raising up to ₹200 crore through QIP, ADR, GDR, or FCCBs, subject to shareholder approval. This proposed fundraise represents ~163% of the company's current market capitalization of ₹123 crore. Additionally, the board approved acquiring a 23.64% stake in WEXL EDU Limited via a preferential share swap and proposed expanding authorized share capital from ₹300 crore to ₹1,000 crore. Key executive re-appointments, including the Managing Director for a 5-year term, were also cleared.
- Approved raising up to ₹200 Crores via QIP/ADR/GDR/FCCBs (~163% of current market cap of ₹123 Cr)
- Approved acquiring 23.64% stake in WEXL EDU Limited through a preferential share swap
- Proposed increase in authorized share capital from ₹300 Crores to ₹1,000 Crores
- Re-appointed Mr. Jonna Venkata Tirupati Rao as Managing Director for a 5-year term effective November 27, 2026
GACM Technologies has entered into a Memorandum of Understanding (MoU) with Winfluential Private Limited as a technology development partner to build an AI-powered Insurance Technology Super Platform. The estimated mandate value is ₹250.0 million (₹25.0 Cr), which exceeds the company's entire TTM revenue of ₹20 Cr (~125% of TTM revenue). The project will be executed across four phases over an 18 to 24-month delivery roadmap, with definitive agreements to be signed subsequently.
- Project consideration estimated at ₹250.0 million (₹25.0 Cr) plus applicable taxes.
- Execution timeline spans 18 to 24 months across four distinct phases with 8 milestone payments.
- Mandate equals ~125% of the company's TTM revenue of ₹20 Cr.
- Scope includes insurance CRM, AI sales assistant, voice AI platform, and mobile applications with 12 months post Go-Live warranty.
GACM Technologies has successfully completed a Qualified Institutions Placement (QIP), raising ₹49.50 crore through the allotment of 49.50 crore equity shares of face value ₹1 each at ₹1 per share. The fundraise is massive relative to the company's size, representing ~51% of its current market cap of ₹97 crore and ~247.5% of TTM revenue of ₹20 crore. Allotments were made to four Mauritius-based Foreign Portfolio Investors: Minerva Ventures Fund (14.50 crore shares), Magnifica Global Opportunities (14.00 crore shares), AL Maha Investment Fund (10.50 crore shares), and Ebisu Global Opportunities Fund (10.50 crore shares).
- Successfully raised ₹49.50 crore via QIP of 49.50 crore shares at an issue price of ₹1 per share
- Fundraise size equals ~51.0% of market capitalization (₹97 crore) and ~2.47x TTM revenue (₹20 crore)
- Four overseas institutional funds participated: Minerva Ventures (14.50 Cr shares), Magnifica Global (14.00 Cr shares), AL Maha (10.50 Cr shares), Ebisu Global (10.50 Cr shares)
- Proceeds to be deployed toward technology-led operations, expansion initiatives, and general corporate purposes
Financial Performance
Revenue Growth by Segment
Total revenue for FY25 reached INR 13.00 Cr, representing a 79.6% increase from INR 7.24 Cr in FY24. The H1 FY26 period showed further acceleration with revenue of INR 10.91 Cr, a 130% increase over the H1 FY25 figure of INR 4.74 Cr, driven by core consultancy services.
Geographic Revenue Split
100% of revenue is generated from operations based in India, specifically from the company's headquarters in Hyderabad.
Profitability Margins
Net profit margin for FY25 was 28.65%, a significant improvement from 15.25% in FY24. Operating profit margin also rose from 33.85% to 47.08% due to increased turnover and optimized operating expenses.
EBITDA Margin
Operating profit ratio of 47.08% for FY25, reflecting strong core profitability and efficient service delivery.
Capital Expenditure
INR 1.47 Cr (146.91 Lakhs) in depreciation for FY25; specific planned capital expenditure for future periods is not disclosed.
Credit Rating & Borrowing
Not disclosed; however, the Debt-Equity ratio improved to 0.13 from 1.12 as principal was repaid, and the Interest Coverage Ratio reached 1951.54, indicating very low borrowing risk.
Operational Drivers
Raw Materials
Not applicable (Service Industry); primary cost drivers are Human Capital/Employee Benefits (INR 3.56 Cr in FY25) and Operational Costs (INR 1.27 Cr in FY25).
Capacity Expansion
Current workforce of 21 employees as of March 31, 2025; expansion is focused on scaling talent to support the 130% revenue growth observed in H1 FY26.
Raw Material Costs
Operational costs were INR 1.27 Cr in FY25 (9.8% of revenue); employee benefit expenses were INR 3.56 Cr (27.4% of revenue), reflecting the high-margin nature of the consultancy business.
Manufacturing Efficiency
Not applicable; however, the Operating Profit Ratio improved to 47.08% from 33.85% YoY, indicating high operational efficiency.
Strategic Growth
Expected Growth Rate
130%
Growth Strategy
Leveraging 'Digital India' initiatives and the increasing demand for FinTech and Insurtech solutions. The company is positioning itself as an expert in digital transformation to secure substantial contracts and new revenue streams.
Products & Services
Financial Consultancy, Management Consultancy, Software Development Services, and Business Ancillary Consultancy.
Brand Portfolio
GACM Technologies Limited.
New Products/Services
Focusing on AI-based technologies and Insurtech solutions; H1 FY26 revenue growth of 130% suggests strong market reception for these offerings.
Market Expansion
Targeting the dynamic insurtech sector and leveraging global and Indian economic trends for FY 2024-25.
External Factors
Industry Trends
The Indian consultancy industry is growing due to AI integration and increased finance penetration. The shift towards digitalization and Insurtech provides a bright future for software development services.
Competitive Landscape
Vast and diverse industry including private/public companies, banks, and NBFCs; GACM differentiates through specialized FinTech expertise.
Competitive Moat
Moat is built on intellectual capital and a specialized talent pool of 21 employees. Sustainable through regular skill training and a performance-based reward system that maintains a 47.08% operating margin.
Macro Economic Sensitivity
Sensitive to GDP growth and digitalization trends (e.g., Digital India), which act as catalysts for FinTech and software demand.
Consumer Behavior
Increasing financial literacy and reliance on technology in the financial sector are driving demand for digital transformation services.
Geopolitical Risks
Global economic trends impact the dynamic insurtech sector and international demand for software services.
Regulatory & Governance
Industry Regulations
Compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) 2015, Indian Accounting Standards (Ind AS 34), and the Companies Act 2013.
Environmental Compliance
Not disclosed; service-based operations have minimal environmental impact.
Taxation Policy Impact
Current tax expenses and MAT written off (INR 81.64 Lakhs) are managed in accordance with Indian tax laws.
Legal Contingencies
No specific pending court case values disclosed; the company focuses on zero-tolerance fraud policies and regulatory compliance to avoid monetary and reputational damage.
Risk Analysis
Key Uncertainties
Technological obsolescence and client dependency are the primary business risks with potential high impact on revenue.
Geographic Concentration Risk
100% revenue concentration in India, specifically Hyderabad-based operations.
Technology Obsolescence Risk
High risk due to rapid advancements in software and AI; staying current is essential to delivering value and maintaining competitiveness.
Credit & Counterparty Risk
Strong liquidity position with a current ratio of 5.03 and net worth of INR 49.13 Cr.
