Galactico Corporate Services Limited Board Meeting Concludes Without Final Decisions on Key Agenda Items

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.

Meeting Details:	Information
Meeting Dates:	March 05-06, 2026
Meeting Mode:	Video Conferencing/OAVM
Start Time:	March 05, 2026 at 04:00 PM
End Time:	March 06, 2026 at 18:20
Venue:	Registered Office, Nashik

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.

Committee Changes:	Details
Outgoing Chairperson:	Mr. Krishna Shyam Sunder Rathi
Effective Date:	March 06, 2026
Committees Affected:	Audit Committee, Nomination & Remuneration Committee

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.

New Appointments:	Role	Committee
Mr. Laxmikant Dasrao Bhakare:	Member & Chairperson	Nomination & Remuneration Committee
Mr. Laxmikant Dasrao Bhakare:	Member	Audit Committee
Ms. Nilam Avinash Ghundiyal:	Chairperson	Audit Committee

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.72%	-0.58%	-0.58%	-14.07%	-14.07%	-14.07%

Galactico Corp Services Limited, a SEBI registered Category I Merchant Banker, conducted a Board meeting on February 25, 2026, to address compliance requirements under the recently amended SEBI regulations. The meeting, held through Other Audio-Visual Means (OAVM), commenced at 04:00 PM and concluded at 05:23 PM.

Regulatory Compliance Review

The Board meeting focused on matters relating to SEBI (Merchant Bankers) Amendment Regulations, 2025, which were notified on December 05, 2025, through circular HO/49/11/11(106)2025-CFD-RAC-DIL3/1/1796/2026 dated January 02, 2026. The directors reviewed the company's current financial position and regulatory obligations under the new framework.

Key Compliance Areas:	Board Decisions
Net Worth Position:	Reviewed existing position and confirmed adequacy
Capital Requirements:	Measures to ensure compliance with revised capital adequacy
Liquid Net Worth:	Phased approach to meet minimum requirements
Implementation:	Ongoing compliance measures to be undertaken

Corporate Restructuring Proposal

The Board noted that merchant bankers may undertake non-SEBI regulated activities only on an arm's-length basis through separate business units. These units must be segregated by Chinese wall arrangements and ring-fenced from SEBI-regulated operations. Consequently, the Board concluded that it will review the company's non-core activities and propose corporate restructuring.

The restructuring initiative encompasses several operational considerations:

Review of regulatory framework requirements
Assessment of operational requirements
Implementation of Grievance Redressal Mechanism for transparent complaint resolution
Evaluation of staffing, infrastructure, and IT resources
Ensuring adequate segregation between regulated and non-regulated activities

Implementation Framework

Operational Aspects:	Requirements
Business Segregation:	Chinese wall between SEBI and non-SEBI activities
Grievance Mechanism:	Timely and transparent complaint resolution
Resource Allocation:	Adequate segregation of staffing and IT resources
Regulatory Approvals:	All requisite approvals to be obtained

Next Steps

Galactico Corporate Services Limited has committed to taking all necessary steps to ensure compliance with the SEBI (Merchant Bankers) Amendment Regulations. The company will undergo corporate restructuring in accordance with SEBI regulations, with all requisite approvals to be obtained and accorded in due course.

The meeting was concluded with the Board's confirmation of its commitment to regulatory compliance and the implementation of necessary structural changes. Director and CFO Vipul Dileep Lathi communicated these decisions to BSE Limited as part of the company's disclosure obligations under Regulation 30 of the SEBI Listing Regulations.