Galactico Corporate Services Limited , a SEBI-registered Category I Merchant Banker, has announced significant corporate actions aimed at strengthening its financial position and paving the way for future growth.

Rights Issue Approval

The Board of Directors of Galactico Corporate Services has given the green light for a rights issue of equity shares, aiming to raise up to Rs 6.00 crore. This decision, made during a board meeting held on July 30, 2025, is subject to necessary regulatory approvals. The rights issue will offer eligible shareholders the opportunity to purchase additional shares in proportion to their existing holdings.

Increase in Authorized Share Capital

In a move to facilitate the rights issue and future capital requirements, the company has approved an increase in its authorized share capital. The proposal seeks to raise the authorized capital from Rs 15.00 crore to Rs 20.00 crore, representing an addition of 5 crore equity shares with a face value of Re 1 each.

Key Details of the Capital Increase:

This increase in authorized capital will require an amendment to the Capital Clause (Clause V) of the company's Memorandum of Association, subject to shareholder approval.

Formation of Rights Issue Committee

To oversee the rights issue process, Galactico Corporate Services has constituted a Rights Issue Committee. The committee comprises:

• Laxmikant Dasrao Bhakre (Independent Director)
• Nilam Avinash Ghund (Independent Director)
• Vipul Dileen Lathi (Director and CFO)

This committee has been empowered to decide on the terms and conditions of the rights issue and handle matters related to its implementation.

Postal Ballot and E-voting

The company will seek shareholder approval for the increase in authorized share capital through a postal ballot. Mr. Akshay R Birla, a Practicing Company Secretary, has been appointed as the scrutinizer to conduct the e-voting process in a fair and transparent manner.

Implications for Investors

These corporate actions signal Galactico Corporate Services' intent to bolster its capital base, potentially positioning the company for expansion or new business opportunities. Existing shareholders will have the opportunity to participate in the company's growth through the proposed rights issue.

Investors and stakeholders are advised to keep an eye on further announcements regarding the record date for the rights issue and the terms of the offering. The successful implementation of these measures could have a significant impact on the company's financial structure and future prospects.

As Galactico Corporate Services moves forward with these initiatives, market participants will be watching closely to see how these capital-raising efforts translate into business growth and shareholder value creation.

Galactico Corp services , a SEBI Registered Category I Merchant Banker, has announced a significant change in its corporate calendar. The company has rescheduled its Board of Directors meeting, originally set for July 26, 2025, to July 30, 2025, citing unavoidable circumstances.

Key Agenda Items

The rescheduled meeting, to be held through video conferencing or other audio-visual means, will address several crucial matters:

1. Rights Issue Proposal: The board will consider a proposal to raise funds by issuing equity shares through a rights issue to eligible shareholders. This decision will be made in accordance with the Companies Act, 2013, and SEBI regulations.

2. Rights Issue Committee: A special committee of Board of Directors, named the "Rights Issue Committee," may be constituted to oversee matters related to the rights issue.

3. Authorized Share Capital Increase: The board will consider and potentially approve an increase in the company's authorized share capital.

4. EGM/Postal Ballot Notice: A draft notice for an Extraordinary General Meeting (EGM) or Postal Ballot will be reviewed, and a scrutinizer for the same may be appointed.

Trading Window Closure

In compliance with SEBI regulations and the company's Code of Conduct for Prevention of Insider Trading, Galactico Corporate Services has announced that the trading window for its shares will remain closed. The closure, which began on July 1, 2025, will continue until:

• 48 hours after the declaration of the board meeting outcome, or
• 48 hours after the announcement of unaudited financial results for the quarter ended June 30, 2025, whichever is later.

This extended closure period ensures fair trading practices and prevents insider trading during this sensitive time.

Implications for Investors

The rescheduling of the board meeting and the potential rights issue could have significant implications for Galactico Corporate Services' shareholders. The rights issue, if approved, would provide existing shareholders the opportunity to purchase additional shares, potentially at a discounted price. Meanwhile, the proposed increase in authorized share capital suggests the company may be planning for future growth or capital-raising activities.

Investors and market watchers will be keenly awaiting the outcome of this crucial board meeting, which could set the stage for important changes in the company's capital structure and funding strategy.