Gilada Finance and Investments Limited approved a strategic joint venture with Harley of London India to collaborate in healthcare, wellness, and financial services. The board also approved the allotment of Non-Convertible Debentures (NCDs) worth ₹5,00,000 on a private placement basis to raise capital. These decisions were taken during a board meeting held on June 19, 2026.

The board authorized Managing Director Mr. Raigopal Gilada to finalize and execute the Joint Venture Agreement with Harley of London India, sponsored by the Delamore & Owl Group. The partnership aims to leverage the HOLNESS ecosystem for business initiatives across various sectors.

The company allotted 5 NCDs of face value ₹1,00,000 each at a coupon rate of 12.25% per annum. The debt instruments have a tenure of 2 years and are non-cumulative in nature.

Additionally, the board appointed Anand Boob & Associates as the internal auditor for the financial year 2026-27. The disclosure was submitted to BSE Limited under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Gilada Finance and Investments Limited reported a net profit of ₹217.42 lakh for the financial year ended March 31, 2026, an increase from ₹212.96 lakh in the previous year. The company’s revenue from operations for FY26 stood at ₹725.57 lakh, up from ₹676.95 lakh in FY25. The board of directors approved the audited financial results for the quarter and year ended March 31, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹45.93 lakh, compared to ₹53.86 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter rose to ₹187.65 lakh from ₹179.05 lakh in the same period last year. Total income for the quarter was ₹189.95 lakh, while total expenses amounted to ₹126.48 lakh.

Key Financial Metrics for FY26

Capital Allotment

The board approved the allotment of 15 Non-Convertible Debentures (NCDs) on a private placement basis, aggregating to ₹15 lakh. The allotment includes 4 cumulative NCDs amounting to ₹4 lakh and 11 non-cumulative NCDs amounting to ₹11 lakh. Both categories carry a coupon rate of 12.25% and have a tenure of 2 years. The date of allotment is May 28, 2026.

NCD Allotment Details

Auditor and Governance

Bennur Nagaraja & Co, Chartered Accountants, audited the financial statements and issued an unmodified opinion. The report noted that the company has an adequate internal financial controls system over financial reporting that was operating effectively as of March 31, 2026. The board also appointed Sand and Associates as the Secretarial Auditor and M/s. Devaraj Chauhan & Associates as the Internal Auditor for the financial year 2026-27.