Galada Finance Limited adopted its audited financial statements for the fiscal year ended March 31, 2026, during its 40th Annual General Meeting held on September 28, 2026. The shareholders also approved key governance changes, including the reappointment of the Managing Director and the appointment of a new Independent Director.

The meeting, conducted via Video Conferencing and Other Audio Visual Means, was chaired by Ashok Jawarilal Galada. The company confirmed that the statutory and secretarial audit reports contained no qualifications or adverse comments. Voting results for the resolutions passed are scheduled to be announced by September 30, 2026.

Governance and Leadership Changes

The members transacted ordinary business which included the reappointment of Naveen Ashok Galada as Director. He retires by rotation and was eligible for reappointment. Additionally, the shareholders considered and approved the appointment of Narayana Uppundanarasimha Maiya as an Independent Director (Non-Executive).

Capital Structure Adjustments

Under special business, the company sought approval to increase its authorized share capital. This action necessitates an alteration to the capital clause in the Memorandum of Association. These changes reflect the company's ongoing structural adjustments as outlined in the notice convening the meeting dated August 14, 2026.

Meeting Proceedings Summary

The following table summarizes the key resolutions transacted at the AGM:

The e-voting process was supervised by M/s ASJ & Associates, practicing company secretaries appointed as scrutinizers. Members who did not vote through remote e-voting were provided a 15-minute window to vote via the CDSL platform during the meeting. The meeting concluded at 4:54 pm after the vote of thanks proposed by Naveen Ashok Galada.

Voting Results Disclosed

Galada Finance submitted the Consolidated Scrutinizer's Report to the BSE on September 28, 2026, disclosing the final voting outcomes. The report, prepared by Abishek Jain of ASJ & Associates, confirmed that all four resolutions were passed with requisite majority through remote e-voting prior to the AGM.

Voting was open from September 25 to September 27, 2026. The record date for determining eligible shareholders was September 21, 2026, with 1,059 shareholders on record. No shareholders attended in person or via proxy; however, 32 shareholders participated via video conferencing.

Resolution-wise Voting Breakdown

All resolutions received overwhelming support, with only 14 votes cast against each item. The detailed voting results are as follows:

Promoters and promoter group held 2,002,582 shares and voted entirely in favour of all resolutions. Public non-institutional shareholders held 997,419 shares, with 49,914 votes polled. Among public votes, 49,900 were in favour and 14 against.

Galada Finance appointed Abhinav Surendra Varma as interim Chief Financial Officer effective September 16, 2026. The Board of Directors approved the appointment during a meeting held on the same day.

The new CFO will assume responsibilities until a suitable candidate is formally appointed to the position. This move addresses the casual vacancy created by the demise of the existing CFO, as previously disclosed in September 2026.

Appointment Details

Mr. Abhinav Surendra Varma brings comprehensive expertise in financial reporting, management reporting, and SAP ERP systems. His profile highlights experience in financial modelling, valuation, forecasting, and business analysis across manufacturing and operations environments.

The Board meeting commenced at 4:00 pm and concluded at 5:45 pm at the company's registered office in Chennai. Naveen Ashok Galada, Managing Director, signed the intimation letter dated September 16, 2026.

This disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed information regarding the change was provided in Annexure A to the filing.