Outcome of Board Meeting Regarding SEBI (Merchant Bankers) Amendment Regulation 2025 Circular dated 02-Jan-2026.
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Galactico Corporate Services, a SEBI-registered Category I Merchant Banker, held a board meeting on February 19, 2026, to address the SEBI (Merchant Bankers) Amendment Regulations 2025 notified on December 5, 2025 and the associated circular dated January 2, 2026. The board reviewed the company's net worth and committed to phased compliance with the revised capital adequacy and minimum liquid net worth requirements. It also decided to undertake corporate restructuring to segregate non-SEBI-regulated (non-core) activities from its merchant banking business, using a Chinese Wall arrangement and ring-fencing. The board will additionally set up a grievance redressal mechanism and align staffing, infrastructure, and IT resources while obtaining all necessary approvals in due course.
This is a proactive compliance announcement with no negative action from SEBI. For shareholders, it signals upcoming corporate restructuring and potential capital infusion to meet new net worth norms, which could bring short-term operational adjustments but reflects regulatory awareness and risk management, with no immediate negative price action expected.