Debt-free penny stock under Re 1 jumps after entering into a definitive agreement to acquire a 30 per cent equity stake in WEXL Edu Pvt Ltd
The company has a market cap of Rs 18 crore and as of March 2025, it is debt-free.
On Wednesday, shares of GACM Technologies Ltd gained 2.15 per cent to Re 0.95 per share from its previous closing of Re 0.93 per share.
GACM Technologies Ltd. has announced a definitive agreement to acquire a 30 per cent equity stake in WEXL Edu Private Limited. WEXL is an emerging AI-driven EdTech and education data company that is rapidly expanding its presence within the government and institutional sectors. This strategic move marks a significant step in GACM Technologies' evolution as a diversified technology group.
WEXL Edu Pvt Ltd is a fast-growing education technology firm that delivers AI-enabled academic solutions across India, focusing on scalable and personalised learning and assessment platforms with national implementation potential. Key highlights of WEXL include a confirmed order book exceeding Rs 30 crore, with Rs 25 crore from the Delhi Government and Rs 5 crore from the Tamil Nadu Government. The company also has formal engagements with NCERT and CBSE, including plans for an MoU regarding the Bharat English Test (BET). WEXL holds a portfolio of five registered patents covering areas such as AI-based subjective answer correction and offline AI learning systems. Furthermore, WEXL is in strategic discussions with CBSE for a Rs 200+ crore tender-based deployment across over 30,000 schools, and its projected valuation exceeds Rs 500 crore.
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This acquisition offers several strategic and financial advantages for GACM Technologies. It facilitates diversification into the high-growth EdTech and GovTech sectors, providing access to national-scale opportunities through WEXL’s partnerships with government bodies. The acquisition also adds an IP-rich portfolio of patents to GACM’s investments, enabling value creation through data monetisation and AI-driven platform bundling. Financially, WEXL's secured projects boast operating margins exceeding 80 per cent, thanks to its lean operating model and scalable digital delivery infrastructure. This acquisition also aligns GACM with the national Digital India and National Education Policy (NEP) goals, positioning it to contribute to public sector education with embedded AI and data solutions.
About the Company
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.
The company has a market cap of Rs 18 crore and as of March 2025, it is debt-free. The stock is up by 23.4 per cent from its 52-week low of Re 0.77 per share.
Disclaimer: The article is for informational purposes only and not investment advice.