Debt-free penny stock under Re 1: Company announced stellar Q1 results; Proposed Rs 200 crore QIP; Share swap for stakes in MSIL and WeXL Edu

DSIJ Intelligence-1 / 10 Jul 2025/ Categories: Penny Stocks, Trending

Debt-free penny stock under Re 1: Company announced stellar Q1 results; Proposed Rs 200 crore QIP; Share swap for stakes in MSIL and WeXL Edu

The company has a market cap of Rs 94 crore and as of March 2025, it is debt-free.

GACM Technologies Ltd, established in 1995, offers financial consultancy and technology solutions. The company's recent expansion into the IT sector includes software development, web applications, IT services, hardware maintenance, outsourcing, training and consultancy in various fields. Additionally, GACM has ventured into broadcasting and cable services, diversifying its operations to cater to a wider range of industries.

According to Quarterly Results, the net sales increased by 309 per cent to Rs 6.70 crore, operating profit increased by 468 per cent to Rs 3.86 crore and net profit increased by 826 per cent to Rs 3.24 crore in Q1FY26 compared to Q1FY25. In FY25, the company reported net sales of Rs 13.66 crore and net profit of Rs 4.12 crore.

The Company has approved a plan to raise up to Rs 200 crore through the issuance of equity shares or other eligible securities. This fundraising will primarily be conducted via a Qualified Institutional Placement (QIP), allowing the company to issue securities in one or more tranches to qualified institutional buyers. The exact type and combination of securities will be determined in accordance with applicable laws, including Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and relevant sections of the Companies Act, 2013.

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This QIP is contingent upon the progress of a proposed Preferential Allotment of Equity Shares through a share swap agreement. This share swap aims to finalise up to a 16 per cent stake in the equity of MSIL and a 30 per cent stake in the equity of WeXL Edu Private Limited. The total amount raised through the QIP will not exceed Rs 200 crore, inclusive of any premium on the issued securities, at prices permissible under current regulations.

The company has a market cap of Rs 94 crore and as of March 2025, it is debt-free. The stock is up by 52.3 per cent from its 52-week low of Re 0.57 per share.

Disclaimer: The article is for informational purposes only and not investment advice.