GACM Technologies, a tech-driven company based in Maharashtra, India, surged 5% on July 10 after announcing a ₹200 crore fundraise via QIP. The firm also reported a 788% rise in Q1 profits and finalized strategic share-swap acquisitions in EdTech and industrial automation.
Penny stock GACM Technologies, headquartered in Maharashtra, India, surged 5% to hit the upper circuit on July 10 after its board approved raising ₹200 crore through a Qualified Institutional Placement (QIP).
The board meeting, held on July 9, also cleared the company’s Q1 FY26 results, which showed a dramatic surge in profitability. GACM is a fast-growing tech company focused on AI integration, digital platforms, and innovative solutions across industries.
The company’s share opened at ₹0.83, slightly lower than its previous close of ₹0.85, but quickly reached the intraday high of ₹0.89 — hitting its 5% upper price limit.
₹200 Crore QIP Approval
In its stock exchange filing, the company stated its plan to issue equity shares of face value ₹1 each (and/or other eligible securities) to raise ₹200 crore in one or more tranches via QIP, subject to approval at the upcoming Annual General Meeting (AGM).
Strategic Share Swap Acquisitions
GACM Technologies also announced the signing of a deal to acquire a 30% equity stake in WEXL Edu Private Limited, an AI-powered EdTech and education data analytics firm, estimated at over ₹500 crore in value.
In a parallel development, the board approved a preferential share allotment using a share swap method. This mechanism enables the company to issue equity in exchange for ownership stakes, instead of paying cash.
As part of this strategy, GACM will also secure a 16% equity stake in MSIL, a company focused on industrial automation solutions
Strong Financial Results in Q1 FY26
The company posted a 285% rise in net income for the June 2025 quarter, reaching ₹6.08 crore compared to ₹1.57 crore in the same period last year.
Even more notably, profit after tax (PAT) surged by 788%, rising to ₹3.02 crore in Q1 FY26 from ₹0.34 crore in Q1 FY25 — reflecting a turnaround in operational and investment efficiency.
GACM Technologies continues to draw investor attention with its aggressive expansion strategy and rising profitability, making it one of the most watched penny stocks under ₹1 in the Indian market today.
