With reference to the above, we would like to inform you that the Board of Directors of the company has considered and approved the following matters:- 1. Authorization of Mr. Naveen ....
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The Board of Directors of Galada Finance Limited has approved the appointment of Mr. Narayana Uppundanarasimha Maiya as a Non-Executive Non-Independent Director. The board also authorised Managing Director Mr. Naveen Ashok Galada to countersign the DIN application (Form DIR-3) for the new director. The appointment is subject to approval from the Reserve Bank of India, which is standard for directors of finance companies. The board meeting commenced at 4:30 PM and concluded at 5:30 PM on October 8, 2025.
This is a routine board-level appointment at an NBFC that requires regulatory clearance from the RBI before becoming effective. The director is non-executive and non-independent, so there is no immediate change in management control or strategy. Shareholders should note that final confirmation is pending RBI approval.