Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of ....
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The Board of Directors of Galada Finance Limited, at its meeting held on October 15, 2025, approved the appointment of Mr. Narayana Uppundanarasimha Maiya (DIN: 11336048) as an Additional Non-Executive Non-Independent Director. The appointment is effective from October 15, 2025, until the date of the next Annual General Meeting, and is subject to Reserve Bank of India approval. Mr. Maiya is a retired career banker with nearly four decades of experience at State Bank of India, covering retail banking, MSME, agriculture, audit, risk management, and digital transformation. He is also a qualified Cost & Management Accountant and has no disclosed relationships with existing directors. He is not debarred from holding directorship by any authority.
This is a routine board-level appointment pending RBI clearance, with no change in control or material corporate action. For shareholders, the addition of a senior ex-banker strengthens the board's domain expertise, which may be positive for a finance company, but the appointment only takes full effect after regulatory approval.