Goyal Associates Ltd Holds Board Meeting; Approves Annual Report Ahead of 31st AGM
Goyal Associates Limited held a meeting of its Board of Directors on July 20, 2026, during which it reviewed and approved several key corporate matters. The board meeting also addressed the upcoming 31st Annual General Meeting (AGM), scheduled for August 14, 2026.The management confirmed that the Register of Members and Share Transfer Books will be closed from Saturday, August 8, 2026, to Friday, August 14, 2026, for the purpose of the ensuing AGM. The meeting commenced at 10:30 AM and concluded at 11:20 AM.
Key Governance and Appointments
The Board Meeting reviewed and approved the Notice convening the Annual General Meeting (AGM) and the comprehensive Annual Report for the Financial Year (FY) 2024-25, including the Directors' Report and all annexed documents.
During the meeting, several key appointments were made to enhance corporate governance:
- Secretarial Auditor: M/s Ankur Gandhi & Associates, Practising Company Secretaries, was appointed as the Secretarial Auditor for the Financial Year 2025-26.
- Scrutinizer: M/s Ankur Gandhi & Associates was also appointed as the Scrutinizer for conducting the remote e-voting process and voting at the AGM to ensure fairness and transparency.
The company's Board reviewed significant changes in its directorship and Key Managerial Personnel (KMP) complement over the reporting period. Notable appointments include Mr. Kranthi Kumar Reddy Gajjala (DIN: 10107498) as an Independent Director effective February 13, 2026, and Mr. Satya Narayana Gogula (DIN: 10209811) appointed as a Non-Executive Independent Director effective February 20, 2026.
Financial Performance Highlights (FY 2024-25)
Goyal Associates Limited reported its financial results for the Financial Year ending March 31, 2025. The company, which operates as a Non-Banking Financial Company (NBFC), saw revenue from operations stand at ₹274.60 lakhs, against total income of ₹274.60 lakhs. Total expenses were reported at ₹18.83 lakhs, leading to a Profit/(Loss) after Tax of ₹7.38 lakhs and an Earning Per Share (EPS) of 0.16.
The company also maintained a prudent financial position. As of March 31, 2025, the total assets stood at ₹84.77 lakhs, with total equity standing at ₹52,937,500.00. The financial stability showed an improvement in the Debt to Equity Ratio at 0.19, down from 35.00% in FY 2023-24.
A summary of the company's recent operational and financial metrics is provided below:
| Financial Metric | FY 2024-25 (Amount in Lakhs) | FY 2023-24 (Amount in Lakhs) |
|---|---|---|
| Revenue from Operations | 274.60 | 375.07 |
| Total Income | 274.60 | 375.66 |
| Profit/(Loss) after Tax | 7.38 | 63.05 |
Corporate Funding and Restructuring
A major corporate activity during the review period involved a fundraising exercise. The company approved and executed a preferential issue of up to 60,00,000 Convertible Equity Warrants to certain identified non-promoter persons at an issue price of ₹2.50 per Warrant, aggregating to ₹1,50,00,000/-. This capital injection was duly approved and subsequently the board approved the conversion of all 60,00,000 warrants into fully paid-up equity shares on March 31, 2025.
Audit and Compliance Overview
The company's financial reporting affirmed its compliance with relevant standards. The Statutory Auditors, M/s R S R V and Associates (appointed for a five-year term commencing from the conclusion of the ensuing 30th AGM), confirmed that the standalone financial statements present a true and fair view of the company’s affairs as at March 31, 2025.
The Secretarial Audit Report confirmed compliance with statutory provisions, though it noted that the Company had not published mandatory information in a newspaper as per Regulation 47 of SEBI (LODR) Regulations, 2015. The company responded by stating it would issue financial results in compliance with Requirement of Reg. 47 of SEBI (LODR) Reg. 2015.
Stock Price Movement
At 11:16 AM, shares of Goyal Associates Ltd are currently trading at ₹0.93, maintaining their value against zero change. The stock is trading completely flat, as its intraday high and low have been locked at the same price point of ₹0.93.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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