In compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, we are enclosing copy of Annual Report for the Financial year 2024-25 along ....
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Galada Finance Ltd has submitted its 39th Annual Report for FY 2024-25 along with the notice for its Annual General Meeting, scheduled for July 5, 2025 at 4:00 PM via video conferencing. Key ordinary business items include adopting audited financials, re-appointing Mr. Ashok Jawarilal Galada as a director, and re-appointing M/s Chandarana & Sanklecha as statutory auditors for a second five-year term until 2030. Special business seeks approval to appoint a new Independent Director (Mr. Nainar Authinathan), re-appoint Managing Director Naveen Ashok Galada for 5 years with a salary cap of Rs. 6 lakh per month, and raise the company's borrowing limit under Section 180(1)(c) to Rs. 750 crores. The company is also seeking shareholder nods for related-party transactions up to Rs. 100 crores and investing/lending powers of up to Rs. 100 crores under Section 186.
Mostly a routine annual compliance filing, but the proposals to raise borrowing limits to Rs. 750 crore and enable related-party transactions up to Rs. 100 crore are significant — shareholders should evaluate these resolutions carefully before voting, as they give the board wide financial flexibility. The MD re-appointment with a Rs. 6 lakh/month salary is modest and unlikely to materially impact minority shareholders.