Monthly Update15 Mar 2026, 07:02 pm
Galactico Corporate Services Ltd. to Align with SEBI Regulatory Amendments and Strengthen Liquidity
AI Summary
Galactico Corporate Services Ltd. held a Board Meeting on March 14-15, 2026, to discuss and note several matters, including recent amendments in SEBI (Merchant Bankers) Amendment Regulations, 2025. The Board noted the need for the Company to undertake necessary changes in its internal policies, procedures, governance framework, compliance systems, and operational processes to align with the amended regulatory requirements. The Board also decided to ensure compliance with the prescribed liquid net worth requirements of INR 2.00 crore, including undertaking appropriate measures such as liquidation of investments, by December 31, 2026.
Key Highlights
- Galactico Corporate Services Ltd. discussed and noted recent amendments in SEBI (Merchant Bankers) Amendment Regulations, 2025.
- The Company is required to undertake necessary changes in its internal policies, procedures, governance framework, compliance systems, and operational processes to align with the amended regulatory requirements.
- The Board decided to ensure compliance with the prescribed liquid net worth requirements of INR 2.00 crore by December 31, 2026.
- The Company is planning to ensure its Net Worth is ring-fenced from any impact that may arise from undertaking the permissible activities in its business unit/subsidiary.
Price Impact
More from GALACTICO