Goyal Salt Limited Approves Incorporation of Subsidiary for Business Expansion
Goyal Salt Limited has approved the incorporation of a new subsidiary company as part of its strategic expansion plans, according to its Board of Directors. The move signifies a focused effort by the company to grow its business operations in the related industry sector.The Board meeting, held on Thursday, June 18, 2026, sanctioned the incorporation of the subsidiary under the proposed name 'Goyal Foods Industries Private Limited.' This new entity is planned to operate within the salt production and refining industry.
This initiative aims at the expansion of Goyal Salt Limited’s business. The proposed subsidiary will initially be incorporated with a paid-up capital of Rs. 10 Lakh, structured through 1,00,000 equity shares of Rs. 10 each.
The incorporation and planned investment details pertaining to 'Goyal Foods Industries Private Limited' are summarized below:
| Particulars | Details |
|---|---|
| Proposed Name | Goyal Foods Industries Private Limited |
| Initial Paid-Up Capital | Rs. 10,00,000 (Rupees Ten Lakh only) |
| Industry | Salt Production and Refining |
| Objective | Expansion of Business |
The transaction structure dictates that the subscription to the share capital of the proposed subsidiary will be completed through a Cash /Banking Channel. Goyal Salt Limited is slated to acquire 51% of the share capital, consisting of 51,000 Equity Shares at Rs. 10 per share.
This development indicates a strategic move by Goyal Salt Limited to strengthen its presence and scale within the salt industry through focused corporate expansion.
GOYALSALT Stock Price Movement
Goyal Salt Limited shares closed higher today, gaining 1.65% as the stock settled at ₹116.90 after post-market trading concluded. The company's equity traded with a volume of 4,200 shares during the day.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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