Disclosure of voting results and consolidated scrutinizer report of AGM 2025
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Galada Finance Limited held its 39th Annual General Meeting on 5th July 2025 via video conferencing from 4:00 PM to 4:30 PM. Out of 30,00,000 total shares, 21,62,633 shares (72.09%) were polled through e-voting, with 100% of the votes cast in favour of all 10 resolutions and zero votes against. The resolutions covered adoption of audited financials for FY2024-25, reappointment of a retiring director, reappointment of statutory auditors (Chandarana & Sanklecha), appointment of a new Independent Director (Mr. Nainar Authinathan), reappointment and remuneration of Managing Director Mr. Naveen Ashok Galada, and a Rs. 750 crore borrowing limit increase along with related enabling resolutions under Sections 180, 185, and 186 of the Companies Act, 2013. The scrutinizer, Mr. Abishek Jain (ASJ & Associates), confirmed all resolutions were passed with the requisite majority.
All 10 resolutions, including the significant Rs. 750 crore borrowing power enhancement, were passed unanimously with no dissent. The strong 72% voting participation and clean approval record suggest smooth shareholder support, but the resolutions expanding borrowing capacity and related-party transaction limits are meaningful governance items for minority shareholders to monitor.