Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Galactico Corporate Services Limited conducted a postal ballot (remote e-voting) from December 19, 2025 to January 17, 2026, scrutinised by Akshay R. Birla and Associates, Practicing Company Secretaries. The single resolution was to approve an investment of up to Rs. 6 crores in its subsidiary company 'Instant Finserve Private Limited', which exceeds the limits prescribed under Section 186 of the Companies Act, 2013. A total of 108 members cast 8,31,068 votes, with 95 members (8,01,318 votes, 96.42%) voting in favour and 13 members (29,750 votes, 3.58%) voting against. The resolution was passed with the requisite majority, with no invalid votes recorded.
Shareholders have approved a Rs. 6 crore investment in the subsidiary Instant Finserve Private Limited, which exceeds the normal Section 186 limits. The overwhelming support (96.42% in favour) signals strong shareholder confidence in the company's expansion into its subsidiary. No material price impact expected as this is a procedural confirmation.