Galactico Corporate Services Ltd — Board Meeting, 30-07-2025: Board Meeting
30-07-2025 | 06:23 pm
30-07-2025 | 06:23 pm
The company's board has approved a Rights Issue to raise up to Rs. 6 crore by issuing new equity shares to eligible shareholders, subject to necessary approvals. A Rights Issue Committee has been formed to manage the terms. Additionally, the board proposed an increase in the authorized share capital from Rs. 15 crore to Rs. 20 crore. This capital increase requires shareholder approval, which will be sought via a postal ballot. These moves aim to strengthen the company's financial position and provide flexibility for future growth initiatives, impacting existing shareholders through funding opportunities.
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