Galactico Corporate Services Limited has announced the outcome of its Board of Directors meeting held on August 14, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Key strategic decisions included the approval of an increase in authorized share capital from ₹20 crore to ₹24.50 crore and the proposal for raising funds through the issue of warrants. The company also approved the annual report for FY 2025-26 and the notice for the 11th Annual General Meeting.
Galactico Corporate Services Board Meeting Highlights
The Board of Directors of Galactico Corporate Services Limited convened an adjourned meeting on Friday, August 14, 2026, through video conferencing. The meeting, which concluded at 07:50 PM, addressed several critical business matters and approved key financial and strategic proposals.
Financial Results and Annual Report Approved
The Board considered and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. A Limited Review Report from the Statutory Auditors is enclosed. Additionally, the Annual Report for the Financial Year 2025-26, along with the Auditors’ Report, was approved for circulation to the members.
Share Capital Increase and Warrant Issue
A significant resolution was the approval for an increase in the authorized share capital of the Company from ₹20,00,00,000 (Twenty Crore) to ₹24,50,00,000 (Twenty-Four Crores and Fifty Lakhs). This increase of 4,50,00,000 Equity Shares of ₹1 each aims to strengthen the company’s financial base. The Board also approved the proposal for raising funds through the issue of warrants, convertible into Equity Shares, subject to member and regulatory approvals. Draft terms and conditions for this proposed warrant issue were also approved, detailing parameters such as the number of warrants (up to 1,80,00,000), issue price (₹2.03 per warrant), and the proposed allottee being Charushila Vipul Lathi, a promoter.
11th AGM Details and Internal Auditor Appointment
The Notice convening the 11th Annual General Meeting (AGM) was considered and approved. The AGM is scheduled for Saturday, September 12, 2026, at 1:00 PM, to be conducted through Video Conferencing/Other Audio-Visual Means. The Board also approved the appointment of M/s. BKSK & Associates, Chartered Accountants, as the Internal Auditor of the Company for the Financial Year 2026-27.
Ratification of Related Party Transactions
The Board considered and approved the ratification of Material Related Party Transactions entered into by the Company during the period from April 1, 2025, to June 30, 2026. These transactions, which either singly or in aggregate exceeded ten percent of the annual consolidated turnover, were approved on an arm’s length basis. Furthermore, the Board approved the proposal for continuing existing arrangements and entering into new transactions with its subsidiary, Instant Finserve Private Limited, for FY 2026-2027, with an aggregate amount not exceeding ₹7,00,00,000 (Rupees Seven Crores).
Scrutinizer Appointment
The appointment of M/s. Akshay R. Birla and Associates, Practicing Company Secretaries, as a Scrutinizer for the entire E-Voting process at the upcoming AGM was also approved.
Source: BSE
