GACM Technologies' promoters may raise stake - Details

GACM Technologies has informed exchanges that the promoters and promoter groups intend to increase their stake in the company up to 13 per cent within the year.
 
"We are pleased to inform you that the promoters and promoter groups of the company intend to increase their stake in the company up to 13 per cent within the year. This strategic move reflects the promoters’ and promoter group’s strong confidence in the company’s growth prospects and commitment to enhancing shareholder value," GACM Technologies said in an exchange filing.

Earlier, GACM Technologies Ltd. bagged an order worth Rs 100 million from MSK Technologies. 

The project will be executed at MSK’s premises as well as at GACM’s offshore development centres. This approach not only enhances efficiency but also positions GACM to leverage global resources, further driving its competitive edge in the technology sector.

“The project, aimed at resource augmentation and consulting, is expected to deliver a strong gross profit margin of 55-60 per cent, equating to Rs 55-60 million in earnings,” the company said in an exchange filing.

According to the company, the award of this project showcases GACM’s strategic capabilities and its commitment to expanding its service offerings across both domestic and international markets.