Galactico Corporate Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/12/2025 ,inter alia, to consider and approve Approval for Investment ....
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Galactico Corporate Services Ltd has rescheduled its Board Meeting from December 12, 2025 to December 16, 2025. The main agenda is to consider and approve an investment of up to Rs. 6 Crore in its subsidiary company. The Board will also issue a postal ballot notice seeking shareholder approval for this investment under Section 186 of the Companies Act, 2013. Additionally, M/s. Akshay R. Birla and Associates has been proposed as scrutinizer for the e-voting process. This is a SEBI Category I Merchant Banker with a small market cap, and the investment is being routed through a postal ballot for shareholder approval.
The Rs. 6 Crore investment is relatively small for the company and is directed into its own subsidiary, which could strengthen the subsidiary's operations but is unlikely to materially move the stock. Shareholders will have a say via postal ballot, so the final outcome depends on the e-voting results.