GACM Technologies Limited (GATECHDVR)
₹0.47 +4.44% 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 | -93.1% | -86.9% |
| Operating margin | 67.8% | — | — |
GATECHDVR exchange data
NSE end-of-day data for
It closed at its upper price band (circuit) on 16 Oct, one of 10 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 Limited has disclosed voting results from its 31st Annual General Meeting held on September 30, 2026, where all 10 resolutions passed with over 98% majority. Notably, shareholders approved an enabling resolution to raise up to ₹200 crore via Qualified Institutions Placement (QIP) with 99.73% votes in favour. This proposed fundraise represents roughly 18x the company's current market capitalisation of ₹11 crore and 10x its TTM revenue of ₹20 crore. Additionally, shareholders approved a preferential issue on a share swap basis to acquire a stake in WEXL EDU Limited (99.50% approval), along with an increase in authorised share capital.
- Shareholders approved QIP fundraise of up to ₹200 crore with 99.73% votes in favour (3,35,11,572.587 votes).
- Acquisition of stake in WEXL EDU Limited via preferential share swap approved with 99.50% voting in favour.
- Increase in authorised share capital passed with 99.51% approval.
- Approval granted for material Related Party Transactions with 99.41% votes in favour.
- Managing Director Jonna Venkata Tirupati Rao re-appointed with 98.47% majority.
GACM Technologies held its 31st AGM on September 30, 2026, putting key strategic proposals to vote. The company sought shareholder approval to raise up to Rs 200 crore via a Qualified Institutions Placement (QIP), which dwarfs its current market cap of approximately Rs 11 crore. Additionally, resolutions included a preferential share swap issue to acquire a stake in WEXL Edu Limited and material related-party transactions. Final voting results will be disclosed once the scrutinizer's report is submitted.
- Sought shareholder approval for fundraise via QIP of up to Rs 200 crore (compared to ~Rs 11 crore market cap)
- Proposed preferential share swap issue to non-promoters to acquire stake in WEXL Edu Limited
- Tabled resolutions for approval of material related-party transactions and increase in authorised share capital
- Meeting conducted virtually on September 30, 2026, concluding at 1:15 p.m. IST
GACM Technologies has entered into a 24-month Memorandum of Understanding (MoU) with AIML Cloud Global Technologies Private Limited, appointing them as the exclusive distributor for its ERP software 'FIRM TALK'. Under the agreement, gross revenues will be shared 50:50, with a guaranteed minimum sales volume of ₹15 crore across the 2-year tenure. If there is a shortfall, AIML is obligated to pay GACM 50% of that shortfall. Against GACM's TTM revenue of ₹20 crore, the guaranteed revenue run-rate represents a substantial distribution partnership.
- Exclusive distribution MoU signed for 24 months starting September 24, 2026
- Gross revenue from 'FIRM TALK' ERP shared equally at 50% to GACM and 50% to AIML
- Minimum guaranteed sales of ₹15 crore committed over the 24-month period
- Shortfall clause requires AIML to pay GACM 50% of any shortfall at the end of the term
GACM Technologies issued a corrigendum to its AGM notice regarding the preferential issuance of shares to acquire a stake in WEXL Edu Limited. The acquisition is structured via a share swap ratio of 120 equity shares of GACM for every 1 share of WEXL Edu held. The company is proposing to issue over 444 million shares to the largest allottee alone (AVM Tech Ed Solutions), representing massive potential equity dilution compared to the company's Rs 11 Cr market cap. Notably, Director Srinivas Maya is identified as a common director across both companies.
- Share swap ratio set at 120 GACM equity shares for every 1 WEXL Edu share
- Largest proposed allottee AVM Tech Ed Solutions to receive up to 444,000,000 equity shares
- Meeting scheduled for September 30, 2026 via Video Conferencing
- Common director Srinivas Maya is interested as a common director in both entities
- Previous plan for 646,994,500 warrants was cancelled due to significant price discrepancies
GACM Technologies Limited has appointed Mr. Siddarth Bhagwanji as Chief Executive Officer (CEO) and Key Managerial Personnel effective September 24, 2026. The Board also decided to scrap its planned UK subsidiary and instead incorporate a wholly owned subsidiary in Hong Kong (GACM Tech HK Limited) with an initial capital of 25,000 HKD. Additionally, the company issued an AGM notice corrigendum amending preferential share swap details for acquiring a stake in WEXL Edu Private Limited based on stock exchange feedback. The meeting for the 31st AGM is scheduled for September 30, 2026.
- Appointment of Siddarth Bhagwanji as CEO with effect from September 24, 2026.
- Incorporation of a wholly owned foreign subsidiary in Hong Kong with a capital of 25,000 ordinary shares of HKD 1 each.
- Corrigendum issued for the 31st AGM scheduled on September 30, 2026, regarding preferential share swap terms for WEXL Edu Private Limited.
- Disclosed cancellation of earlier 646,994,500 warrants preferential issue due to market price divergence.
GACM Technologies Limited has appointed Mr. Siddarth Bhagwanji as Chief Executive Officer (CEO) and Key Managerial Personnel effective September 24, 2026. The Board also decided to scrap its planned UK subsidiary and instead incorporate a wholly owned subsidiary in Hong Kong (GACM Tech HK Limited) with an initial capital of 25,000 HKD. Additionally, the company issued an AGM notice corrigendum amending preferential share swap details for acquiring a stake in WEXL Edu Private Limited based on stock exchange feedback. The meeting for the 31st AGM is scheduled for September 30, 2026.
- Appointment of Siddarth Bhagwanji as CEO with effect from September 24, 2026.
- Incorporation of a wholly owned foreign subsidiary in Hong Kong with a capital of 25,000 ordinary shares of HKD 1 each.
- Corrigendum issued for the 31st AGM scheduled on September 30, 2026, regarding preferential share swap terms for WEXL Edu Private Limited.
- Disclosed cancellation of earlier 646,994,500 warrants preferential issue due to market price divergence.
GACM Technologies Limited has scheduled its 31st Annual General Meeting (AGM) for September 30, 2026, at 12:30 PM IST via Video Conferencing. The cut-off date to determine voting entitlement for remote e-voting is fixed for September 23, 2026. The remote e-voting period runs from September 25, 2026 (09:00 AM) to September 29, 2026 (05:00 PM). The company's Register of Members and Share Transfer books will remain closed from September 24 to September 30, 2026.
- 31st Annual General Meeting scheduled for September 30, 2026, at 12:30 PM IST
- Cut-off date for e-voting eligibility set as September 23, 2026
- Remote e-voting window opens September 25, 2026 (09:00 AM) and ends September 29, 2026 (05:00 PM)
- Book closure period runs from September 24, 2026 to September 30, 2026 (both days inclusive)
GACM Technologies has issued a notice for its 31st AGM scheduled for September 30, 2026, seeking shareholder approval to raise up to Rs 400 crore via Qualified Institutions Placement (QIP). This proposed fundraise represents over 33x the company's current market cap of Rs 12 crore and 20x its TTM revenue of Rs 20 crore. Additionally, the company is seeking approval for material related-party transactions of up to Rs 100 crore per entity across 11 entities for business advances and inter-corporate loans. The AGM agenda also includes the reappointment of Managing Director Jonna Venkata Tirupati Rao for a 5-year term.
- Enabling resolution to raise up to Rs 400 crore via QIP of equity shares (face value Rs 1.00 each)
- Board originally approved raising up to Rs 200 crore via QIP on August 31, 2026
- Approval sought for material related-party transactions with a limit of Rs 100 crore per entity across 11 related entities
- Proposed reappointment of Managing Director Jonna Venkata Tirupati Rao for 5 years effective November 27, 2026
- 31st Annual General Meeting scheduled for September 30, 2026, at 12:30 PM IST
GACM Technologies' Board approved a revised preferential issue of up to 1,202,634,840 equity shares at ₹1 per share, totaling ₹120.26 crore, to acquire a stake in WEXL EDU Limited via a share swap. The transaction is based on a swap ratio of 120 GACM shares for every 1 share of WEXL EDU across 168 proposed allottees. Compared to GACM's current market capitalization of just ₹12 crore, the proposed issuance represents an enterprise value 10x its current market value, resulting in massive equity dilution. The transaction remains subject to statutory, regulatory, and shareholder approvals at the upcoming 31st AGM.
- Proposed preferential allotment of 1,202,634,840 equity shares at an issue price of ₹1 per share
- Total deal value pegged at ₹120.26 crore towards WEXL EDU enterprise value
- Swap ratio fixed at 120:1 (120 GACM equity shares for 1 WEXL EDU share)
- Shares proposed to be allotted across 168 non-promoter, public shareholders of WEXL EDU
- Deal requires statutory/regulatory clearances and shareholder approval at the 31st AGM
GACM Technologies' board has approved a proposal to raise up to Rs 200 crore via QIP/ADR/GDR/FCCB, which is over 15x its current market capitalization of Rs 13 crore. The board also approved increasing its authorized share capital from Rs 300 crore to Rs 1,000 crore and acquiring a 23.64% stake in WEXL EDU Limited via a preferential share swap. Additionally, Managing Director Jonna Venkata Tirupati Rao and Whole-Time Director Srinivas Maya were approved for 5-year re-appointments, all subject to upcoming 31st AGM shareholder approvals.
- Proposed fundraise of up to Rs 200 crore via QIP, ADR, GDR, or FCCBs, subject to shareholder approval
- Authorised share capital increase from Rs 300 crore to Rs 1,000 crore
- Acquisition of 23.64% stake in WEXL EDU Limited via preferential issue of equity shares (share swap)
- Re-appointment of MD Jonna Venkata Tirupati Rao and WTD Srinivas Maya for 5-year terms commencing November 2026
GACM Technologies' board approved a fundraise of up to ₹200 crore via QIP, ADR, GDR, or FCCBs, which is ~15.4x its current market cap of ₹13 crore. The board also approved increasing its authorised share capital from ₹300 crore to ₹1,000 crore. Additionally, the company approved a preferential share swap to acquire a 23.64% stake in WEXL EDU Limited. Key management re-appointments including MD Jonna Venkata Tirupati Rao and WTD Srinivas Maya for 5-year terms were also cleared.
- Fundraising approval of up to ₹200 crore via QIP/ADR/GDR/FCCB, subject to shareholder approval
- Authorised share capital increase from ₹300 crore to ₹1,000 crore
- Acquisition of 23.64% stake in WEXL EDU Limited via preferential equity share swap
- Re-appointment of MD Jonna Venkata Tirupati Rao and WTD Srinivas Maya for 5-year tenures
GACM Technologies' Board has approved raising up to Rs 200 Cr via QIP, ADR, GDR, or FCCBs, which is ~15.4x its current market cap of Rs 13 Cr. The company also approved acquiring a 23.64% stake in WEXL EDU Limited through a preferential share swap issue to non-promoters. Additionally, the Board proposed increasing authorized share capital from Rs 300 Cr to Rs 1,000 Cr, along with re-appointing key managerial personnel, all subject to shareholder approval at the 31st AGM.
- Approved fundraise of up to Rs 200 Crores via QIP, ADR, GDR, or FCCBs (~15.4x current market cap)
- Approved acquisition of a 23.64% stake in WEXL EDU Limited via preferential share swap
- Proposed increase in authorised share capital from Rs 300 Crores to Rs 1,000 Crores
- Re-appointed MD Jonna Venkata Tirupati Rao and WTD Srinivas Maya for 5-year terms
GACM Technologies' Board has approved raising up to Rs 200 Cr via QIP, ADR, GDR, or FCCBs, which is roughly 15.4x its current market cap of Rs 13 Cr. The board also approved acquiring a 23.64% stake in WEXL EDU Limited via a preferential share swap issue to non-promoters. To accommodate the potential issuance, the company's authorised share capital is proposed to be expanded from Rs 300 Cr to Rs 1,000 Cr. Additionally, 5-year re-appointments of the Managing Director and Whole-Time Director were cleared subject to shareholder approval at the ensuing 31st AGM.
- Proposed fundraise of up to Rs 200 Crores via QIP, ADR, GDR, or FCCBs (subject to shareholder approval).
- Acquisition of 23.64% stake in WEXL EDU Limited via preferential issue of equity shares on a share swap basis.
- Authorised share capital to be increased from Rs 300 Crores to Rs 1,000 Crores.
- Re-appointment of Managing Director Mr. Jonna Venkata Tirupati Rao and Whole Time Director Mr. Srinivas Maya for 5 years.
GACM Technologies has executed a Memorandum of Understanding (MoU) with Winfluential Private Limited as a technology partner to develop an AI-Powered Integrated Insurance Technology Super Platform. The estimated project consideration is ₹250.0 million (₹25.0 Cr), which exceeds the company's TTM revenue of ₹20 Cr (~125% of TTM revenue). The project is scheduled for execution over an 18 to 24-month period across four phases, with milestone-linked payments and a 12-month post-launch warranty.
- MoU signed for an estimated consideration of ₹250.0 million (₹25.0 Cr) plus statutory taxes
- Delivery scheduled over an 18 to 24-month timeline across 4 execution phases
- Scope includes 8 key module segments, with AI/ML Platform & Recommendation Engine accounting for ₹40.0 million
- A definitive Software Development Agreement / Master Services Agreement is pending execution
GACM Technologies has successfully completed a Qualified Institutions Placement (QIP), raising ₹49.50 crore. The company allotted 49.50 crore equity shares of face value ₹1 each at an issue price of ₹1 per share. Participation came from Mauritius-based FPIs, led by Minerva Ventures Fund (14.50 crore shares) and Magnifica Global Opportunities VCC (14.00 crore shares). This capital infusion is exceptionally large relative to the company's market capitalization of ~₹12 crore and TTM revenue of ~₹20 crore.
- Successfully raised ₹49.50 crore through QIP at an issue price of ₹1 per share
- Allotted a total of 49.50 crore fully paid-up equity shares of face value ₹1 each
- Major allottee Minerva Ventures Fund was allotted 14.50 crore shares (9.08%)
- Magnifica Global Opportunities VCC was allotted 14.00 crore shares (8.76%)
- AL Maha Investment Fund and Ebisu Global Opportunities Fund allotted 10.50 crore shares each (6.57% each)
Financial Performance
Revenue Growth by Segment
Total revenue for the half-year ended September 30, 2025, reached INR 1,090.68 Lakhs, representing a 130.15% growth compared to INR 473.89 Lakhs in the previous year's half-year. For FY 2024-25, total income was INR 476.33 Lakhs, a 34.22% decline from INR 724.15 Lakhs in FY 2023-24. The company operates in a single segment: Software and Consultancy services.
Profitability Margins
Net Profit Ratio improved significantly to 28.65% in FY 2024-25 from 15.25% in FY 2023-24, driven by increased turnover and reduced interest expenses. Operating Profit Ratio rose to 47.08% from 33.85% YoY. For the half-year ended September 2025, Net Profit was INR 389.04 Lakhs, a massive increase from INR 10.85 Lakhs in the prior year period.
EBITDA Margin
Operating profit before working capital changes for the half-year ended September 30, 2025, was INR 726.74 Lakhs, representing a 66.63% margin on total revenue, up from 29.67% (INR 140.61 Lakhs) in the previous year's half-year.
Capital Expenditure
Depreciation and amortization expenses were INR 199.38 Lakhs for the half-year ended September 2025, compared to INR 34.60 Lakhs in the previous period, indicating significant recent investment in fixed assets or software tools.
Credit Rating & Borrowing
The Debt-Equity Ratio improved to 0.13 in FY 2024-25 from 1.12 in FY 2023-24 due to principal repayment. Interest Coverage Ratio surged to 1951.54 from 386.45, indicating extremely high capacity to service debt.
Operational Drivers
Raw Materials
As a service-based consultancy, primary costs are Employee Benefit Expenses (INR 183.55 Lakhs for HY 2025, 16.8% of revenue) and Cost of Operations (INR 63.17 Lakhs, 5.8% of revenue).
Capacity Expansion
The company employed 21 individuals as of March 31, 2025. Growth is driven by human capital and 'career-enhancement opportunities' rather than physical manufacturing capacity.
Raw Material Costs
Operating costs decreased as a percentage of revenue in FY 2024-25, contributing to the operating profit ratio increasing from 33.85% to 47.08%.
Manufacturing Efficiency
Not applicable; however, the company notes that turnover increased while operating expenses were down in FY 2024-25, indicating improved service delivery efficiency.
Strategic Growth
Expected Growth Rate
130.15%
Growth Strategy
The company is leveraging the 'Digital India' initiative to drive demand for discount brokerage and FinTech solutions. Strategy includes positioning as an expert in digital transformation for other businesses and expanding into the insurtech sector. Growth is also supported by a significant increase in Net-worth from INR 702.23 Lakhs to INR 4,912.64 Lakhs (up 599.5%) via equity issuance to fund expansion.
Products & Services
Financial Consultancy, Management Consultancy, Business Consultancy, and Software Development/Consultancy Services.
Brand Portfolio
GACM Technologies Limited, Gayiadi Fintech Private Limited (Subsidiary).
New Products/Services
Focusing on AI-based technologies and innovative FinTech solutions to attract new revenue streams; specific contribution percentages not disclosed.
Market Expansion
Targeting the 'vast and diverse' Indian financial and software consultancy industry, specifically focusing on increasing finance penetration through AI.
Strategic Alliances
Maintains a subsidiary, Gayiadi Fintech Private Limited, to bolster its fintech offerings.
External Factors
Industry Trends
The industry is evolving through AI-based technologies and increased financial penetration. The consultancy field is growing due to digital transformation efforts across multiple sectors, with the company positioning itself as a navigator for these transitions.
Competitive Landscape
Faces 'normal business challenges of market competition' in software and financial consulting, requiring continuous differentiation.
Competitive Moat
Competitive advantage is built on a 'zero-tolerance policy towards fraud' and a strong internal control framework. Sustainability is linked to intellectual capital and a pool of experienced employees, though the company faces high competition in a crowded marketplace.
Macro Economic Sensitivity
Highly sensitive to government digitalization projects like 'Digital India' and overall financial literacy rates in the Indian population.
Consumer Behavior
Increasing reliance on technology in the financial sector (FinTech) is shifting consumer demand toward digital-first brokerage and consultancy services.
Regulatory & Governance
Industry Regulations
Adheres to SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Indian Accounting Standard 34 (Ind AS 34), and Section 133 of the Companies Act, 2013.
Taxation Policy Impact
Effective tax rate for the half-year ended September 2025 was approximately 34.4% (Tax of INR 204.34 Lakhs on PBT of INR 593.38 Lakhs).
Risk Analysis
Key Uncertainties
Fraud risks (loan fraud, identity theft, cyber fraud) pose financial and reputational threats. Regulatory risk involves potential monetary losses from non-compliance with evolving SEBI/Companies Act rules.
Third Party Dependencies
High dependency on a 'small number of clients' is explicitly cited as a risk to financial stability.
Technology Obsolescence Risk
High risk due to the 'fast-paced nature of the software industry' which requires constant updates to remain competitive.
Credit & Counterparty Risk
Receivables quality not explicitly detailed, but the company notes 'Current assets are increased' as a reason for an improved current ratio of 5.03.
