Company Update

Galada Finance Limited has announced the sudden demise of Mr. Ponniah Bhaskaran, Additional Director (Non-Executive, Non-Independent). He previously served as the Chairman and Independent Director until September 2024. His unexpected passing is a significant loss to the company’s leadership and operations.

The board and employees have expressed deep condolences, reflecting his valued contribution to the company’s governance and stability.

This event may lead to changes in the board composition and oversight going forward.