On October 4, 2022, GACM Technologies Limited closed the transaction. The company announced that it has issued 795,988 for gross proceeds of INR 54,28,638 in the transaction. The transaction will include participation from non-importers including Junna Shekar Reddy for 66,666 shares, Juna Basvi Reddy for 66,666 shares, Bhimavarupu Durga Prasad Reddy for 66,666 shares, Feno Business Solutions Private Limited for 333,333 shares, Junna Vijaya Rani for 66,666 shares, Penigalapati Sivaram for 66,666 shares, Mallikarjuna Mandava for 100,000 shares and Hari Prasad Vadlamud for 66,666 shares.

The company will issue shares through preferential allotment.