GACM Technologies has informed that the Board of Directors of the Company at their meeting held on May 23, 2023, have discussed, agreed, and provided in-principle approval to explore appropriate options including merger, acquisition, or other suitable options of arrangement for restructuring the business of WEXL Edu in order to align with the long-term strategic objectives of the Company. Moreover, it was further agreed to undertake necessary discussions with the management of WEXL Edu in connection with restructuring the business of WEXL Edu. Upon completion of the discussion on restructuring the business of WEXL Edu, the approval of the Board of Directors of both the Companies shall be secured and accordingly, an outcome of the Board Meeting of the Company in respect thereof shall be given pursuant to point 1 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No CIR/CFD/CMD/4/2015 dated September 09, 2015. This intimation is being given based on an in-principle approval of the Board for said matter and will be made available on the website of the Company at the below link: https://www.stampedecap.com/.
The above information is a part of company’s filings submitted to BSE.
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| Share India Sec. | 147.05 |
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