Galactico Corporate Services Approves Rs 6 Crore Rights Issue and Authorized Capital Increase
Galactico Corporate Services Limited, a SEBI-registered Category I Merchant Banker, has approved a rights issue to raise up to Rs 6.00 crore. The company plans to increase its authorized share capital from Rs 15.00 crore to Rs 20.00 crore. A Rights Issue Committee has been formed to oversee the process. Shareholder approval will be sought through a postal ballot and e-voting for the capital increase.
26Jul 25
Galactico Corporate Services Reschedules Board Meeting to July 30, Considers Rights Issue and Capital Increase
Galactico Corp Services has rescheduled its Board of Directors meeting from July 26 to July 30, 2025. The meeting agenda includes considering a rights issue proposal, potentially forming a Rights Issue Committee, increasing authorized share capital, and reviewing an EGM/Postal Ballot notice. The company's trading window will remain closed from July 1, 2025, until 48 hours after the board meeting outcome or financial results announcement, whichever is later.