Allotment of optionally Convertible Redeemable Debentures (OCRDs) by Instant Finserve Private Limited, Subsidiary of our company.
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Instant Finserve Private Limited, a subsidiary of Galactico Corporate Services Ltd, has allotted Optionally Convertible Redeemable Debentures (OCRDs) worth Rs. 5.50 crore (55,000 debentures of Rs. 1,000 each) to Galactico Corporate Services Ltd (the parent company) on 2nd March 2026. In a related move, the subsidiary redeemed existing Optionally Convertible Debentures (OCDs) of the same Rs. 5.50 crore value in tranches to Mrs. Charushila Lathi, a debenture holder, following a board meeting on 3rd March 2026. The OCRD allotment was approved by the members of Instant Finserve. Essentially, the parent company has stepped in to replace an existing debenture holder at the subsidiary level with instruments of equal value.
This is an internal group-level restructuring rather than fresh fundraising from the market — the parent's own funds are being deployed at the subsidiary, so there is minimal direct impact on Galactico's share price. Shareholders should note the subsidiary's debt composition is being reshuffled, with the parent now holding Rs. 5.5 crore of convertible instruments in Instant Finserve.