Voting Results of Postal Ballot Meeting
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Galactico Corporate Services Ltd conducted a postal ballot (remote e-voting) from December 19, 2025 to January 17, 2026 to seek shareholder approval for investing up to Rs. 6 Crores in its subsidiary company Instant Finserve Private Limited, exceeding the limits prescribed under Section 186 of the Companies Act, 2013. Out of 68,277 shareholders on the record date (December 15, 2025), only 108 members cast their votes, with 95 voting in favour and 13 against. Total votes polled were 8,31,068 representing just 0.56% of outstanding shares (14,90,11,330). The resolution was passed with 96.42% votes in favour and only 3.58% against.
Shareholders have approved the company's plan to invest up to Rs. 6 Crores in its subsidiary Instant Finserve Private Limited. However, the very low voter turnout (0.56%) means most shareholders did not participate in this decision. The overwhelming approval suggests minimal opposition to the capital allocation move.