Board clears proposal to raise funds through multiple modes
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The board of Galactico Corporate Services Limited met on July 13, 2026, and approved a proposal to raise funds through various permissible modes, including preferential issue of equity shares or warrants, rights issue, QIP, private placement, public issue, or debt instruments, in one or more tranches. The board authorized the management to evaluate options, finalize the structure, and take all necessary actions, subject to applicable laws and approvals. No specific amount, pricing, or timeline was disclosed.
Possible equity dilution if shares or warrants are issued. Shareholders should watch for further details on structure, size, and pricing.