Galactico Corp Services has concluded its Board meeting that commenced on March 14, 2026 and concluded on March 15, 2026, with comprehensive decisions regarding compliance with SEBI (Merchant Bankers) Amendment Regulations, 2025. The SEBI registered Category I Merchant Banker informed BSE Limited about the detailed outcomes through official communication.

Meeting Timeline and Key Decisions

The Board meeting was held through video conferencing/OAVM, starting on March 14, 2026 at 04:00 PM and concluding on March 15, 2026 at 05:42 PM. The extended deliberations focused on aligning the company's operations with the amended SEBI regulatory framework.

SEBI Regulatory Compliance Framework

The Board addressed critical compliance requirements under the SEBI (Merchant Bankers) Amendment Regulations, 2025. Key decisions included maintaining liquid net worth of ₹2.00 crore by December 31, 2026, including liquidation of investments where necessary. The company will establish a separate business unit at its registered office, effective July 1, 2026, with segregated resources and operational frameworks.

Strategic Divestment and Capital Optimization

The Board approved the sale of 73.77% shareholding in Seven Hills Beverages Limited to Mr. Ronak Shah and Group for ₹6.67 crore, subject to shareholder approval under Regulation 24(5) of SEBI LODR Regulations. The transaction involves sale of 27,51,451 equity shares, with the total 100% equity value assessed at ₹9.05 crore. This divestment will result in loss of control over the subsidiary, which reported turnover of ₹15.01 crore and net worth of ₹5.36 crore in the last financial year.

Debenture Restructuring and Security Enhancement

Instant Finserve Private Limited, a subsidiary, has converted ₹12.00 crore unsecured debentures into Secured Optionally Convertible Redeemable Debentures (OCRDs). These debentures are now fully secured by immovable properties, current assets, book debts, and receivables, with the company holding first and exclusive charge on these assets. This restructuring aligns with SEBI's amended regulations ensuring the company's net worth remains ring-fenced from potential impacts.

Postal Ballot and Shareholder Approval Process

The Board approved the draft Postal Ballot Notice for shareholder approval of the proposed subsidiary divestment and authorized the appointment of a scrutinizer for the postal ballot process. The transaction requires approval under Regulation 24(5) of SEBI LODR Regulations, with Palwe Pest Control Private Limited also ceasing to be a step-down subsidiary upon completion. The communication was signed by Mr. Vipul Dileep Lathi, Director and CFO (DIN: 05173313).

Source: None/Company/INE906Y01028/28a5a9cc-6f8e-4978-aef2-a80fd04b4ebe.pdf

Galactico Corporate Services Limited has disclosed important financial developments concerning its subsidiary Instant Finserve Private Limited through a regulatory announcement under SEBI Regulation 30. The transactions involve Optionally Convertible Redeemable Debentures (OCDs) worth Rs. 5.5 crore, executed over consecutive days in March 2026.

OCD Allotment Details

Instant Finserve Private Limited completed the allotment of Optionally Convertible Redeemable Debentures on March 2, 2026. The transaction details are structured as follows:

The allotment was made to the parent company Galactico Corporate Services Limited and received proper approval from the members of Instant Finserve Private Limited in their meeting.

Subsequent Redemption Transaction

Following the allotment, Instant Finserve Private Limited's Board meeting on March 3, 2026, approved the redemption of the same OCDs. The redemption transaction involved:

The redemption was executed in tranches to Mrs. Charushila Lathi, who held the debenture position, and was conducted in accordance with the established terms and conditions of the debenture issue.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Galactico Corporate Services Limited, operating as a SEBI Registered Category I Merchant Banker, submitted the disclosure to BSE Limited on March 7, 2026. The company maintains its commitment to regulatory transparency and proper disclosure of material developments affecting its subsidiary operations.