GACM Technologies zooms on executing MoU with Meridian Intelligence
GACM Technologies is currently trading at Rs. 0.77, up by 0.05 points or 6.94% from its previous closing of Rs. 0.72 on the BSE.
The scrip opened at Rs. 0.75 and has touched a high and low of Rs. 0.78 and Rs. 0.74 respectively. So far 37751782 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 0.94 on 24-Sep-2025 and a 52 week low of Rs. 0.40 on 01-Apr-2026.
Last one week high and low of the scrip stood at Rs. 0.78 and Rs. 0.48 respectively. The current market cap of the company is Rs. 84.91 crore.
The promoters holding in the company stood at 0.91%, while Institutions and Non-Institutions held 0.36% and 98.74% respectively.
GACM Technologies has executed a Memorandum of Understanding (MoU) with Meridian Intelligence. This MoU marks an important and purposeful step in the company’s journey of growth and expansion. The company has consistently endeavored to identify, evaluate and embrace strategic opportunities that are aligned with its long-term business objectives, and the execution of this MoU is a direct and deliberate outcome of that focused approach. By joining hands with Meridian Intelligence, the company is taking a confident step towards strengthening its presence in the software development space and unlocking new, sustainable avenues of growth-oriented revenue generation.
The MoU contemplates a cooperative and coordinated working relationship between the Parties and is intended to provide the foundation and framework for any and all anticipated binding agreements relating to the development of software. The contract value under the said understanding is Rs 15.00 crore, and the arrangement shall commence upon the Effective Date stated in the agreement and shall continue until September 30, 2028, thereby providing the company with a meaningful multiyear runway for value creation and business development.
