GACM Technologies: Outcome of Board Meeting

we wish to inform Board has transacted following business: 1. Accepted the resignation of Mrs. M V Laxmi, and appointed Mrs. Chukka Lakshmi Woman Director of the Company with effect from March 20, 2017, 2. Approved the Postal Ballot Notice a. Issue of Convertible Share Warrants to Non-Promoter(s)/Non-Promoter Group of the Company on preferential basis, b. Issue of Equity Shares and/or Other Securities c. Investments in any Body Corporate including Subsidiaries d. Increase in Authorized Share Capital e. Amendment of Capital Clause of the MoA f. To sell lease or otherwise dispose of the assets of the Subsidiary Company g. Issue of ESOP Shares/Sweat Equity to the Key Managerial Persons by Stampede Tradex Pte Ltd., Singapore h. Authorization and approval for Conversion of Unsecured Loan of Mrs. Usha Rani Meenavalli, Promoter into Equity Shares of the Company, i. Re-classification of Mr. K. Bhaskar Reddy from Promoter to Public Group