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. Considered, Approved and Taken ....
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The Board of Galada Finance Limited approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Total revenue from operations rose to Rs. 52.71 lakh, up about 41% from Rs. 37.35 lakh in the same quarter last year, driven mainly by higher interest income. Profit after tax came in at Rs. 4.02 lakh vs Rs. 3.43 lakh a year ago, a modest growth of around 17%. The statutory auditors (Chandarana & Sanklecha) issued an unqualified limited review report with no qualifications. The Board also discussed raising funds through Non-Convertible Debentures (NCDs) and the appointment of trustees for the proposed NCD issue, though no formal decision was announced.
Strong top-line growth is encouraging for the small NBFC, but weaker profit growth shows expenses are scaling up faster than income. The proposed NCD issuance could expand the company's debt base — shareholders should watch for dilution risk and cost of borrowing. Clean auditor opinion is a positive signal.