Galactico Corporate Services Ltd - Announcement Under Regulation 30 Of SEBI (LODR), 2015 - Update - (Conversion Of Unsecured Loan Into Optionally Convertible Redeemable Debentures By The Subsidiary Company)

This is to Inform you that Instant Finserve Private Limited ("IFPL") Subsidiary of the company, in their Board Meeting held on Saturday, March 30, 2024 pursuant to approval of Shareholders Meeting to be held on Sunday, March 31, 2024 has approved conversion of existing unsecured loan (including Interest thereon) (representing amount payable) to the below mentioned lenders, aggregating to Rs. 9,00,00,000/- (Rupees Nine Crore Only) as per the books of the company as on March 30, 2024 (rounf of to the nearest thousand) into Unsecured Optionally Convertible Redeemable Debentures ("OCRDs") of Rs. 1000/- (Rupees One Thousand only) each and entered into Debenture Subscription Agreement with them. Further information as per attached file.