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Investment7 Mar 2026, 05:41 pm

Galactico Corporate Services Ltd Subsidiary Allots Optionally Convertible Redeemable Debentures (OCRDs) worth Rs. 5,50,00,000

AI Summary

Galactico Corporate Services Ltd's subsidiary, Instant Finserve Private Limited, has allotted Optionally Convertible Redeemable Debentures (OCRDs) amounting to Rs. 5,50,00,000 (Rupees Five Crore Fifty Lakhs Only) to Galactico Corporate Services Limited. The allotment, consisting of 55,000 debentures of Rs. 1000/- each, was approved by the members of Instant Finserve Private Limited in their meeting. Additionally, in a separate board meeting, Instant Finserve Private Limited redeemed Optionally Convertible Debentures (OCDs) of the same amount to Mrs. Charushila Lathi, a debenture holder, in accordance with the term and conditions of their issue.

Key Highlights

  • Instant Finserve Private Limited allotted OCRDs worth Rs. 5,50,00,000 to Galactico Corporate Services Limited.
  • The allotment was approved by the members of Instant Finserve Private Limited in their meeting.
  • Instant Finserve Private Limited also redeemed OCDs worth Rs. 5,50,00,000 to Mrs. Charushila Lathi.
  • The redemption was carried out in accordance with the term and conditions of their issue.
  • The transactions involve a significant investment of Rs. 5,50,00,000.