Galactico Corporate Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2025 ,inter alia, to consider and approve raising of funds ....
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Galactico Corporate Services Ltd has postponed its board meeting from 26 July 2025 to 30 July 2025 due to unavoidable circumstances. The board will, among other things, consider raising funds through a rights issue to eligible equity shareholders under the Companies Act and SEBI ICDR Regulations. It will also set up a dedicated 'Rights Issue Committee' to handle the process and look at increasing the company's authorised share capital to accommodate the issue. Additionally, the board will review a draft notice for an EGM or postal ballot and appoint a scrutinizer for it. The trading window for the company's shares remains closed until 48 hours after the board meeting outcome or the Q1 FY26 results, whichever is later.
Shareholders may get an opportunity to subscribe to additional shares through a rights issue, which could dilute existing holdings but bring fresh capital into the company. The actual size, price, and use of funds will only be known after the 30 July 2025 board meeting, so investors should wait for further details before making decisions.