Galactico Corporate Services Limited has appointed M/s. Akshay R Birla & Associates as the scrutinizer for its postal ballot process, following the Board meeting held on March 16, 2026. The SEBI registered Category I Merchant Banker informed BSE Limited about the scrutinizer appointment as part of its regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Scrutinizer Appointment Details

The Board of Directors appointed the practicing company secretary firm to conduct the postal ballot process through remote e-voting in a fair and transparent manner. Director and CFO Vipul Dileep Lathi signed the intimation letter to BSE Limited, confirming the appointment details.

Postal Ballot Timeline and Process

The company has established a comprehensive timeline for shareholder voting on critical business decisions. The postal ballot notice was dispatched electronically to members on March 16, 2026, following the Board meeting conclusion on March 15, 2026.

Four Strategic Resolutions for Approval

The postal ballot encompasses four critical resolutions addressing regulatory compliance and business optimization. The resolutions cover maintenance of liquid net worth, permissible activities in Separate Business Unit, subsidiary divestment, and debenture term modifications.

SEBI Compliance and Electronic Voting Process

The scrutinizer appointment aligns with Section 108 and Section 110 of the Companies Act, 2013 read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014. The postal ballot notice was dispatched electronically through email to members in compliance with Ministry of Corporate Affairs circulars and SEBI guidelines. The e-voting facility is provided through NSDL platform, enabling remote participation in the decision-making process for all four strategic resolutions. The scrutinizer will submit the postal ballot scrutinizer's report to the Chairman after completion of the voting process.

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.