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.

Galactico Corporate Services Limited announced the outcome of its board meeting held on March 05-06, 2026, which was conducted through video conferencing and other audio-visual means. The meeting, which commenced on March 05, 2026 at 04:00 PM and concluded on March 06, 2026 at 18:20, addressed various agenda items but resulted in no final decisions being taken at this stage.

Board Meeting Outcomes

The board of directors engaged in detailed discussions and deliberations on matters previously communicated to the stock exchange through a letter dated March 01, 2026. However, after comprehensive evaluation, the board determined that additional analysis and professional inputs are necessary before reaching final conclusions on the proposed matters.

Committee Leadership Changes

Significant changes were announced in the company's committee structure following the resignation of Mr. Krishna Shyam Sunder Rathi, Independent Director, from his positions as Member and Chairperson of both the Audit Committee and Nomination & Remuneration Committee, effective March 06, 2026. The board acknowledged his valuable contributions and guidance during his tenure.

New Committee Appointments

To ensure proper constitution of the committees, the board approved new appointments and designations. Mr. Laxmikant Dasrao Bhakare has been appointed as a Member of both the Audit Committee and Nomination & Remuneration Committee, with additional designation as Chairperson of the Nomination & Remuneration Committee.

Ms. Nilam Avinash Ghundiyal, Non-Executive Independent Director, has been elevated from Member to Chairperson of the Audit Committee while continuing her membership role. Both appointments are effective from March 06, 2026.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company, which operates as a SEBI Registered Category I Merchant Banker, maintains its registered office at Business Bay Premises, Nashik, Maharashtra, and has offices in Mumbai.