Galada Finance has announced the appointment of Mr. Narayana Uppundanarasimha Maiya as an Additional Non-Executive Non-Independent Director, effective October 15, 2025. This strategic move, approved by the company's Board of Directors, aims to bring extensive banking expertise to Galada Finance's leadership team.

Key Appointment Details

Professional Background

Mr. Maiya brings a wealth of experience to Galada Finance, with nearly four decades in the banking sector. His career highlights include:

• Extensive experience with State Bank of India, India's largest public sector bank
• Diverse leadership roles in banking operations
• Strong domain expertise in:
  • Business growth strategies
  • Risk management
  • Customer service enhancement
  • Digital transformation initiatives
  • Retail banking products
  • MSME and Agriculture sectors
  • Audit and Compliance

Educational Qualification

Mr. Maiya is a qualified Cost & Management Accountant (formerly known as ICWA), adding financial acumen to his practical banking experience.

Geographical Exposure

Throughout his career, Mr. Maiya has gained valuable insights working across:

• All southern states of India
• Maharashtra

Board Meeting Details

The appointment was finalized during a board meeting held on October 15, 2025:

• Meeting commenced at 16:30 hours
• Meeting concluded at 17:00 hours

This appointment is part of Galada Finance's efforts to strengthen its board with experienced professionals. Mr. Maiya's extensive background in banking operations, risk management, and digital transformation is expected to contribute significantly to the company's strategic direction and growth initiatives.

Investors and stakeholders will be keen to observe how Mr. Maiya's expertise influences Galada Finance's future strategies, particularly in areas of business growth, risk management, and potential digital initiatives in the financial services sector.

The company has confirmed that Mr. Maiya is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority, ensuring compliance with regulatory requirements.

As this appointment is subject to Reserve Bank of India approval, stakeholders will be watching closely for the final confirmation, which will solidify Mr. Maiya's position on the board of Galada Finance.

Galada Finance Limited, a Chennai-based Non-Banking Financial Company (NBFC), has reported robust financial results for the quarter ended June 30, 2025, showcasing significant growth in revenue and profitability.

Strong Financial Performance

The company's revenue surged by 40.10% to ₹53.41 lakhs, compared to ₹38.12 lakhs in the corresponding quarter of the previous year. Interest income, which constituted 98.70% of the total revenue, stood at ₹52.69 lakhs, underlining the company's core strength in its lending operations.

Despite a 42.00% increase in expenses to ₹48.14 lakhs, Galada Finance managed to grow its profit after tax by 24.50% to ₹4.02 lakhs. This growth in profitability translated to an improvement in earnings per share, which rose to ₹0.13 from ₹0.11 in the same quarter last year.

Key Financial Metrics

Board Meeting Outcomes

In a board meeting held on August 9, 2025, Galada Finance's directors approved the unaudited financial results for the quarter ended June 30, 2025. The board also discussed the potential issuance of Non-Convertible Debentures (NCDs) as a fund-raising strategy, indicating the company's plans for expansion or strengthening its financial position.

Auditor's Review

The statutory auditors provided an unqualified opinion on the financial results, finding no material misstatements. This clean review underscores the company's commitment to transparent and accurate financial reporting.

Market Implications

The strong quarterly performance and the consideration of NCD issuance suggest that Galada Finance is positioning itself for growth in the competitive NBFC sector. The company's ability to increase its revenue significantly while maintaining profitability could be seen as a positive indicator for investors.

As Galada Finance continues to navigate the dynamic financial services landscape, its focus on core lending activities and exploration of diverse funding options may contribute to its strategic growth plans in the coming quarters.