Galada Power and Telecommunication Ltd has informed the Bombay Stock Exchange about an upcoming board meeting to review and approve its annual financial results. The company's formal communication, dated April 29, 2026, outlines the regulatory compliance requirements and meeting agenda.

Board Meeting Details

The company has scheduled a board of directors meeting with specific objectives for the upcoming financial year closure.

Regulatory Compliance

The intimation follows the mandatory disclosure requirements under SEBI regulations. Galada Power and Telecommunication Ltd has submitted this notification to ensure compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. The company requested the stock exchange to take note of the scheduled board meeting as per regulatory guidelines.

Company Leadership

V. Subramanian, serving as Secretary & Compliance Officer, signed the official communication to the Bombay Stock Exchange. The document bears a digital signature dated April 29, 2026, at 10:55:18 +05'30', ensuring proper authentication and regulatory compliance.

Corporate Information

Galada Power and Telecommunication Ltd operates from multiple locations across India. The company maintains its administrative office in Hyderabad, Telangana, while its registered office is located in the IDA industrial area. The manufacturing facility is situated in Silvassa, Union Territory of Dadra and Nagar Haveli, indicating the company's diversified operational presence across different states and union territories.

Galada Power and Telecommunication Limited successfully conducted its Extraordinary General Meeting on March 27, 2026, at the company's registered office in Hyderabad. The meeting, chaired by Director Ms. K Ramalakshmi, addressed two critical corporate governance resolutions that received unanimous shareholder approval.

Share Capital Restructuring Approved

The primary resolution involved increasing the company's authorized share capital from ₹11 crore to ₹11.75 crore. The restructuring eliminates the existing preference share component and creates a simplified equity-only capital structure.

The previous structure included 9.5% cumulative redeemable preference shares with a 12-15 year redemption period, which has been completely removed in favor of additional equity shares.

Voting Results and Shareholder Participation

Both resolutions demonstrated overwhelming shareholder confidence, with the share capital increase resolution receiving 100% approval and the Articles of Association alteration receiving near-unanimous support.

Corporate Governance and Compliance

The company utilized NSDL's e-voting platform alongside traditional ballot papers to ensure comprehensive shareholder participation. Scrutinizer S.V. Narayana Charyulu (FCS5981, COP No. 4768) certified the voting process in accordance with Section 108 of the Companies Act, 2013.

V. Subramanian, serving as Vice President and Secretary, digitally signed and submitted the meeting documentation on March 28, 2026. The resolutions authorize the Board to file necessary e-forms with the Ministry of Corporate Affairs and execute all required documentation for implementation.

Strategic Implications

The capital restructuring simplifies Galada Power's shareholding structure by eliminating preference shares and their associated redemption obligations. The new Article 3 of the Articles of Association provides flexibility by linking authorized capital to the Memorandum of Association, enabling future adjustments without extensive documentation changes.