1. Authorization by Mr. Naveen Ashok Galada, Managing Director of the company to countersign the application for allotment of Director Identification number (DIN) (Form DIR-3) to be filed ....
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The Board of Directors of Galada Finance Ltd met on 7th June 2025 and approved the authorization of Managing Director Mr. Naveen Ashok Galada to countersign the Form DIR-3 (application for Director Identification Number) for Mr. Nainar Authinathan. This appointment was recommended by the Nomination and Remuneration Committee. The board meeting ran from 4:00 PM to 5:00 PM. The filing is a routine corporate governance step required before a new director can officially join the board.
This is a procedural filing signalling the onboarding of a new director on the board. No financial or strategic impact for shareholders at this stage — shareholders should watch for further disclosures regarding the new director's role and any subsequent board composition changes.