Galactico Corporate Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/07/2025 ,inter alia, to consider and approve Approval of fund ....
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Galactico Corporate Services Ltd has informed BSE that its Board of Directors will meet on Saturday, 26 July 2025, to consider and approve raising funds through a Rights Issue of equity shares to eligible existing shareholders. The issue will be carried out under the Companies Act, 2013 and SEBI ICDR Regulations, 2018, subject to necessary regulatory and statutory approvals. A separate 'Rights Issue Committee' will be constituted to handle all matters related to the proposed rights issue. The trading window for dealing in the company's shares, which has been closed since 1 July 2025, will remain closed until 48 hours after the board meeting outcome or the declaration of Q1 FY26 (June 2025 quarter) unaudited financial results, whichever is later. Specific details such as issue size, ratio, price, or record date have not been disclosed in this intimation.
Existing shareholders may face equity dilution if the rights issue is approved and they choose not to subscribe. They will need to evaluate the terms (price, ratio) once announced and decide whether to participate, renounce, or let rights lapse, which could also create short-term price pressure ahead of the board meeting.