Intimation of Death of Mr. Ponniah Bhaskaran, Additional Director ( Non-Executive Non- Independent)

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AI summary

Galada Finance Ltd has informed BSE about the sudden demise of Mr. Ponniah Bhaskaran (DIN: 00126136), an Additional Director (Non-Executive, Non-Independent), on Thursday, May 29, 2025. Mr. Bhaskaran had earlier served as Chairman and Independent Director of the company up to September 27, 2024. He did not hold directorships in any other listed entity. The intimation has been filed under Regulation 30 of SEBI LODR, 2015, signed by Managing Director Naveen Ashok Galada on June 2, 2025.

Likely market impact

The board loses an experienced director, but since this is a non-executive role without any governance red flags and the company is small (Galada Finance), the immediate share-price impact is likely minimal. Shareholders should watch for any replacement appointment in subsequent filings.