Galada Power and Telecommunication Limited passed all resolutions at its 54th Annual General Meeting held on September 30, 2026, with unanimous approval from voting members.

The meeting, conducted physically at the registered office in Hyderabad, saw members adopt the audited financial statements for the year ended March 31, 2026. The scrutinizer report, submitted to the Bombay Stock Exchange on October 1, 2026, confirmed that both ordinary resolutions received 100% of valid votes cast in favour.

Voting results for financial statements

Members voted in favour of receiving, considering, and adopting the Audited Balance Sheet as at March 31, 2026, along with the Statement of Profit and Loss and Cash Flow Statement for the fiscal year ended on that date. The reports of the Directors and Auditor were also adopted.

No votes were cast against the resolution, and there were no invalid votes recorded during the process.

Director re-appointment approved

The second resolution concerned the re-appointment of Mr. Thiyagarajan Loganathan (DIN: 10272471), who retired by rotation and was eligible for re-appointment. The company noted that he offered himself for re-appointment.

Similar to the first resolution, the re-appointment received full support from the 47 participating members, with zero dissenting votes.

Scrutinizer compliance details

The voting process was scrutinized by S.V. Achary & Co., practicing company secretaries appointed by the Board. The remote e-voting period ran from September 27, 2026, to September 29, 2026, utilizing the National Securities Depository Limited (NSDL) platform. The cut-off date for entitlement to vote was September 23, 2026.

The company confirmed that notice of the AGM was sent electronically to members with registered email addresses. The scrutinizer report cited compliance with Section 108 of the Companies Act, 2013, and relevant SEBI and MCA circulars regarding electronic voting.

Galada Power and Telecommunication Ltd reported a net profit of ₹1,216.20 lakh for the fiscal year ended March 31, 2026. The result was primarily driven by a ₹1,309.00 lakh profit from the sale of fixed assets, as the company had no operational revenue during the period.

The company has scheduled its 54th Annual General Meeting (AGM) for Wednesday, September 30, 2026, at its registered office in Hyderabad. The record date for determining eligibility to attend the meeting is fixed as September 24, 2026.

Financial Performance

Galada Power did not generate any revenue from operations in FY26. The total income stood at ₹7.75 lakh, comprising interest income and other non-operating income such as excess provisions written back and scrap sales. Total expenses were ₹98.39 lakh, leading to a loss before exceptional items and tax of ₹90.64 lakh.

The significant turnaround in profitability was due to the exceptional item: profit on the sale of plant and equipment. In the previous fiscal year, this figure was ₹142.56 lakh. The company also incurred a tax expense of ₹2.16 lakh related to earlier years.

Corporate Actions and AGM Details

Shareholders will vote to adopt the audited financial accounts for FY26 and re-appoint Mr. Thiyagarajan Loganathan as a director at the upcoming AGM. The Register of Members will remain closed from September 24, 2026, to September 29, 2026.

Remote e-voting facilities are available through NSDL. The e-voting window opens on September 27, 2026, at 10:00 am and closes on September 29, 2026, at 5:00 pm. Members holding shares as on the cut-off date of September 23, 2026, are eligible to cast their votes.

Business Restructuring and Balance Sheet

The company continues its revival process following the completion of the Corporate Insolvency Resolution Process (CIRP). The resolution plan, approved by the NCLT Hyderabad bench, has been fully implemented. Galada Power sold assets at its Silvassa facility, which were deemed unusable, and is focusing on establishing new fabrication and galvanizing units in Hyderabad.

As of March 31, 2026, the company's total assets stood at ₹341.36 lakh, down from ₹694.18 lakh in the previous year. Borrowings decreased significantly to ₹899.73 lakh from ₹2,462.98 lakh. The equity share capital remains at ₹886.32 lakh. No dividend was recommended for FY26 due to accumulated losses.

What the Numbers Show

The FY26 profit is entirely non-operational. With zero revenue from operations and a loss from core activities of ₹90.64 lakh, the reported net profit of ₹1,216.20 lakh relies exclusively on the one-time gain from asset sales. This indicates that while the balance sheet has improved through debt reduction and asset monetization, the core business has not yet resumed commercial operations.