Press Release January 14, 2026 GILADA FINANCE AND INVESTMENTS LIMITED Rating Withdrawn and Issuer not co-operating

Product	Quantum (Rs. Cr)	Long Term Rating	Short Term Rating
Bank Loan Ratings	5.00	ACUITE Not Applicable | Withdrawn | Issuer not co-operating*	-
Total Outstanding	0.00	-	-
Total Withdrawn	5.00	-	-
* The issuer did not co-operate; based on best available information.

Rating Rationale

­Acuité has withdrawn the long-term rating on the Rs. 5.00 Cr. Proposed Bank Loan Facilities of Gilada Finance and Investments Limited (GFIL) without assigning any rating. The withdrawal is on account of request received from issuer and is in accordance with Acuite's policy on withdrawal of ratings as applicable to the respective facility / instrument.  The rating continues to be flagged as “Issuer Not Cooperating” and is based on the best available information.

About the Company

­­Incorporated in 1993, Gilada Finance and Investments Limited (GFIL) is an NBFC engaged in the business of lending and primarily deals in vehicle financing, small business loans and mortgage loans. The company is currently promoted by Mr. Rajgopal Gilada as the Managing Director. The company is based out of Karnataka where it operates 4 branches.

Unsupported Rating

­­Not Applicable

Non-cooperation by the issuer/borrower:

Acuité has been requesting for latest information and latest No Default Statement from the rated entity for conducting surveillance & review of the rating. However, the issuer/borrower failed to submit such information. This rating is, therefore, being flagged as “Issuer not-cooperating”, in line with prevailing SEBI regulations and Acuité’s policies.

Limitation regarding information availability

This rating is based on information available from sources other than the issuer / borrower (in the absence of information provided by the issuer / borrower) . Acuite endeavoured to gather information about the entity/industry from the public domain. Any rating with the suffix 'Issuer not cooperating' is assigned without any management interaction with the issuer entity or any data / information from the entity. Sometimes this non co-operation by a rated entity may be due to a result of deterioration in the credit risk profile of the entity. Therefore, Acuité cautions lenders and investors regarding the use of such information, on which the indicative credit rating is based.

Rating Sensitivity

"No information provided by the issuer / available for Acuite to comment upon." ­

Liquidity Position

"No information provided by the issuer / available for Acuite to comment upon." ­

Outlook

­­Not Applicable

Key Financials :

­ Particulars Unit FY25 (Actual)  FY24 (Actual) Total Assets Rs. Cr. 34.61 34.96 Total Income* Rs. Cr. 5.38 4.91 PAT Rs. Cr. 2.13 1.70 Net Worth Rs. Cr. 24.00 22.00 Return on Average Assets (RoAA) (%) 6.12 5.50 Return on Average Net Worth (RoNW) (%) 9.26 8.06 Debt/Equity Times 0.42 0.55 Gross NPA (%) 5.73 3.52 Net NPA (%) 4.85 2.87 * Total Income is equal to the Net Interest income plus other income

Status of non-cooperation with previous CRA

­Not Applicable

Any other information

­None

Applicable Criteria

• Non-Banking Financing Entities: https://www.acuite.in/view-rating-criteria-44.htm • Default Recognition: https://www.acuite.in/view-rating-criteria-52.htm • Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm

Note on complexity levels of the rated instrument

­In order to inform the investors about complexity of instruments, Acuité has categorized such instruments in three levels: Simple, Complex and Highly Complex. Acuite’s categorisation of the instruments across the three categories is based on factors like variability of the returns to the investors, uncertainty in cash flow patterns, number of counterparties and general understanding of the instrument by the market. It has to be understood that complexity is different from credit risk and even an instrument categorized as 'Simple' can carry high levels of risk. For more details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in.

Rating History

Date Name of Instruments/Facilities Term Amount (Rs. Cr) Rating/Outlook 23 Oct 2024 Proposed Long Term Bank Facility Long Term 5.00 ACUITE BB- (Downgraded & Issuer not co-operating* from ACUITE BB | Stable) 26 Jul 2023 Proposed Long Term Bank Facility Long Term 5.00 ACUITE BB | Stable (Assigned) * The issuer did not co-operate; based on best available information.

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Annexure - Details of instruments rated

Lender’s Name ISIN Facilities Date Of Issuance Coupon Rate Maturity Date Quantum (Rs. Cr.) Complexity Level Rating Not Applicable Not avl. / Not appl. Proposed Long Term Bank Facility Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 5.00 Simple ACUITE Not Applicable | Withdrawn | Issuer not co-operating*

* The issuer did not co-operate; based on best available information.

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Disclosure of list of non-cooperative issuers

• Listed :- https://www.acuite.in/Non-Cooperative_Issuer_Listed.php • Unlisted :- https://www.acuite.in/Non-Cooperative_Issuer_Unlisted.php

Contacts

Mohit Jain Chief Analytical Officer - Rating Operations Nattasha Venkatesh Analyst - Rating Operations	Contact details exclusively for investors and lenders Mob: +91 8591310146 Email ID: analyticalsupport@acuite.in

About Acuité Ratings & Research

Acuité is a full-service Credit Rating Agency registered with the Securities & Exchange Board of India (SEBI). The company received RBI Accreditation as an External Credit Assessment Institution (ECAI) for Bank Loan Ratings under BASEL-II norms in the year 2012. Acuité has assigned ratings to various securities, debt instruments and bank facilities of entities spread across the country and across a wide cross section of industries. It has its Registered and Head Office in Kanjurmarg, Mumbai. Disclaimer: An Acuité rating does not constitute an audit of the rated entity and should not be treated as a recommendation or opinion that is intended to substitute for a financial adviser's or investor's independent assessment of whether to buy, sell or hold any security. Ratings assigned by Acuité are based on the data and information provided by the issuer and obtained from other reliable sources. Although reasonable care has been taken to ensure that the data and information is true, Acuité, in particular, makes no representation or warranty, expressed or implied with respect to the adequacy, accuracy or completeness of the information relied upon. Acuité is not responsible for any errors or omissions and especially states that it has no financial liability whatsoever for any direct, indirect or consequential loss of any kind, arising from the use of its ratings. Ratings assigned by Acuité are subject to a process of surveillance which may lead to a revision in ratings as and when the circumstances so warrant. Please visit our website (www.acuite.in) for the latest information on any instrument rated by Acuité. Please visit https://www.acuite.in/faqs.htm to refer FAQs on Credit Rating. Note: None of the Directors on the Board of Acuité Ratings & Research Limited are members of any rating committee and therefore do not participate in discussions regarding the rating of any entity.