Outcome of Board Meeting held through video conferencing for increase of Authorised Share Capital, Right Issue and other general matters
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.6 pts more than its Diversified peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of Directors of Galactico Corporate Services Ltd, at its meeting held on 30th July 2025, approved raising funds up to Rs. 6,00,00,000 (Six Crores) through a Rights Issue of equity shares to existing eligible shareholders. The Board also approved increasing the Authorised Share Capital from Rs. 15 Crores to Rs. 20 Crores (divided into 20 crore equity shares of Rs. 1 each), which will require shareholder approval via Postal Ballot. A Rights Issue Committee was constituted to finalise terms and conditions, and a Scrutinizer was appointed for the e-voting process. The record date and detailed terms of the Rights Issue will be notified later.
Existing shareholders will get the opportunity (and obligation) to subscribe to the Rights Issue in proportion to their holdings to maintain their stake. The capital raise may dilute shareholding if shareholders do not participate, but provides the company with fresh equity funding. Shareholder approval via Postal Ballot will be sought for the capital structure change.