Gilada Finance Approves Harley JV and NCD Allotment
M&A / Stake Purchase / Joint Venture
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
19th Jun 2026
Key Decisions Approved
1) Strategic Joint Venture Agreement
- Board approved execution of a Strategic Joint Venture Agreement with Harley of London India (HOLI)
- HOLI is sponsored by Delamore & Owl Group (D+0 Group)
- Collaboration covers healthcare, wellness, lifestyle, financial services, and other related business initiatives under the HOLNESS ecosystem
- Mr. Raigopal Gilada, Managing Director, authorized to negotiate, finalize, execute and deliver the Joint Venture Agreement and related documents
- Authorization includes undertaking all necessary actions, filings, and writings required for the joint venture
2) Allotment of Non-Convertible Debentures (NCDs)
- Board approved allotment of 5 Non-Convertible Debentures on private placement basis
- Face value: ₹1,00,000 each
- Aggregate amount: ₹5,00,000 (Five Lakhs)
- Type: Non-Cumulative
- Interest rate: 12.25% per annum
- Tenure: 2 Years
- Date of Allotment: June 19, 2026
3) Internal Auditor Appointment
- Board appointed Anand Boob & Associates as Internal Auditor of the Company
- Appointment valid for Financial Year 2026-27
Meeting Details
- Meeting held on Friday, June 19, 2026
- Commenced at 11:30 AM and concluded at 04:00 PM