Key Quantitative Figures

  • Total Income: ₹28,110,827.00 (FY26) vs ₹17,555,230.00 (FY25) - 60.11% increase
  • Total Expenditure: ₹22,912,919.00 (FY26) vs ₹14,570,855.00 (FY25) - 57.25% increase
  • Profit Before Tax: ₹5,197,908.00 (FY26) vs ₹2,984,375.00 (FY25) - 74.16% increase
  • Profit After Tax: ₹4,422,008.00 (FY26) vs ₹2,490,475.00 (FY25) - 77.35% increase
  • Earnings Per Share: ₹1.47 (FY26) vs ₹0.83 (FY25)
  • Loan Book: Extended credit facility of ₹592.54 lakhs during the year
  • Statutory Reserve Transfer: ₹884,000 (20% of net profit as required by RBI Act)
  • Authorized Capital: Proposed increase from ₹4,00,00,000 to ₹10,50,00,000
  • Paid-up Capital: ₹3,00,00,000 (30,00,000 equity shares of ₹10 each)
  • Deposits: Exempted deposits from directors - ₹158.82 lakhs; Inter-corporate deposits - ₹84.45 lakhs

Dates of Action

  • AGM Date: Monday, 28th September 2026 at 4:30 PM through VC/OAVM
  • Record Date: 21st September 2026 for determining members entitled to vote
  • E-voting Period: 25th September 2026 to 27th September 2026
  • Book Closure: 21st September 2026 to 28th September 2026 (both days inclusive)
  • Board Meeting Dates: 9 meetings held during FY26 on 27th May, 7th June, 11th June, 9th August, 3rd September, 8th October, 15th October, 14th November 2025 and 31st January 2026

Parties Involved

  • Statutory Auditors: M/s. Chandarana & Sanklecha, Chartered Accountants
  • Secretarial Auditor: M/s. AKB & Associates represented by A. Ajay Kumar Bantia
  • Scrutinizer: ASJ & Associates, Company Secretaries
  • RTA: M/s. Cameo Corporate Services Ltd.
  • Bankers: City Union Bank, HDFC Bank
  • Directors: Mr. Ashok Jawarilal Galada, Mr. Naveen Ashok Galada (Managing Director), Mr. Ramu Vishnu, Mrs. Shyamala Thiagarajan, Mr. Narayana Uppundanarasimha Maiya, Mr. Nainar Authinathan

Business Resolutions

Ordinary Business:

1. Adoption of audited financial statements for FY ended 31st March 2026

2. Reappointment of Mr. Naveen Ashok Galada (DIN: 00043054) who retires by rotation

Special Business:

3. Increase of authorized share capital from ₹4 crore to ₹10.5 crore and alteration of Memorandum of Association

4. Appointment of Mr. Narayana Uppundanarasimha Maiya (DIN: 11336048) as Independent Director for 5 years from 28th September 2026

Director Changes

  • Mr. Ponniah Bhaskaran ceased to be director due to death on 29th May 2025
  • Mr. Narayana Uppundanarasimha Maiya appointed as Non-Executive Non-Independent Director effective 15th October 2025
  • Mr. Nainar Authinathan appointed as Independent Director effective 5th July 2025

Financial Impact

  • No dividend declared for FY26 to retain resources for business growth
  • Company transferred ₹884,000 to Statutory Reserve Fund as required by RBI Act
  • Credit impaired loans: ₹31.67 lakhs (Gross) with impairment allowance of ₹17.11 lakhs
  • 18 cases of loans overdue for more than 90 days with principal overdue of ₹31.67 lakhs and interest overdue of ₹3.75 lakhs

Capital Structure Impact

  • Proposed increase in authorized capital would enable future fundraising activities
  • No change in issued, subscribed, or paid-up capital during the year
  • Promoter holding: 66.75% as of 31st March 2026

Corporate Governance

  • Compliance with all applicable Secretarial Standards (SS-1 & SS-2)
  • Four board committees: Audit, Nomination & Remuneration, Stakeholders Relationship, and Risk Management
  • Whistle Blower Policy established and operational
  • No material frauds reported by auditors during the year

RBI Compliance

  • Company registered as NBFC-ND-SI (Non-Deposit taking Systemically Important Non-Banking Financial Company)
  • CRAR: 36.44% as of 31st March 2026 (Tier I: 0.25%, Tier II: 0.00%)
  • No penalties imposed by RBI during the financial year
  • No default in repayment of deposits or interest

Auditor Reports

  • Statutory Auditors: Unmodified audit opinion with no qualifications
  • Secretarial Audit: Clean report with no adverse remarks
  • Internal Financial Controls: Adequate and operating effectively

Other Disclosures

  • No subsidiary, joint venture, or associate companies
  • No corporate social responsibility applicability
  • No pending litigations impacting financial position
  • No material changes or commitments affecting financial position post year-end
  • No sexual harassment complaints received or pending during the year

#Tags: #GaladaFinance #AGM2026 #FY26Results #NBFC #SEBIDisclosure #CapitalIncrease #RBICompliance