Board Meeting14 Aug 2026, 10:20 pm
Galactico Corporate Services Ltd Proposes Fund Raise Via Preferential Warrants
AI Summary
Galactico Corporate Services Ltd announced a proposal to raise funds through the issuance of preferential warrants, convertible into equity shares. This decision was made during a board meeting held on August 14, 2026. The board also approved the unaudited financial results for the quarter ended June 30, 2026, and the Annual Report for FY 2025-26. Additionally, the company plans to increase its authorized share capital from ₹20 crore to ₹24.5 crore to facilitate this fund-raising initiative. The 11th Annual General Meeting is scheduled for September 12, 2026, to seek shareholder approval for these proposals.
Key Highlights
- Galactico Corporate Services proposes to raise funds via preferential warrants.
- Board approved Q1 FY27 unaudited financial results and FY26 Annual Report.
- Authorized share capital to increase from ₹20 crore to ₹24.5 crore.
- 11th AGM scheduled for September 12, 2026, for member approval.
- Warrants to be issued in tranches, convertible into equity shares.
Price Impact
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