Newspaper Publication of Postal Ballot Notice for Approval of Investment in Subsidiary "Instant Finserve Private Limited" exceeding the limits prescribed under sec -186 of Companies Act, 2013.
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Galactico Corporate Services Ltd has informed the stock exchange about the newspaper publication of its Postal Ballot Notice, which was published in 'The Free Press Journal' and 'Navshakti' on December 18, 2025. The Postal Ballot Notice, dated December 16, 2025, seeks shareholder approval through a Special Resolution to invest in its subsidiary 'Instant Finserve Private Limited' beyond the limits allowed under Section 186 of the Companies Act, 2013. The notice was dispatched electronically to all members on December 17, 2025, in line with MCA and SEBI guidelines. This is a procedural filing to comply with disclosure norms under SEBI's Listing Regulations.
The actual substance — the proposed investment in the subsidiary — still requires shareholder approval through e-voting. Until the resolution is passed, there is no material impact on shareholders or the stock price from this filing, which is primarily a regulatory compliance update.