Goyal Salt Limited Incorporates Subsidiary for Business Expansion in Salt Production
Goyal Salt Limited has finalized the incorporation of a new subsidiary company, marking a strategic move toward business expansion within the salt industry. The newly incorporated entity is named Goyal Foods Industries Private Limited.The decision to establish the subsidiary follows the Board of Directors' approval regarding the matter on June 18, 2026. The Certificate of Incorporation for the subsidiary was received from the Ministry of Corporate Affairs on June 29, 2026.
Goyal Salt Limited has acquired a controlling stake in Goyal Foods Industries Private Limited. This acquisition involves cash consideration, and Goyal Salt Limited holds a 51% shareholding in the new company. To date, the subsidiary is focused purely on manufacturing within the industry of Salt Production and Refining.
Details regarding the incorporated entity include:
| Detail | Information |
|---|---|
| Subsidiary Name | Goyal Foods Industries Private Limited |
| Industry | Salt Production and Refining |
| Date of Incorporation | June 29, 2026 |
| Authorized Share Capital | Rs. 10,00,000 (1,00,000 Equity Shares of Face Value Rs. 10/- each) |
| Paid Up Share Capital | Rs. 10,00,000 (1,00,000 Equity Shares of Face Value Rs. 10/- each) |
The subsidiary is a new entity and has not yet commenced business operations; consequently, its size or turnover figures are listed as Not Applicable.
In terms of corporate structure, the incorporation makes Goyal Foods Industries Private Limited a Related Party to Goyal Salt Limited, with Goyal Salt Limited acting as the parent company. Mr. Rajesh Goyal, Chairman cum Whole-time Director of Goyal Salt Limited, serves as the first director of Goyal Foods Industries Private Limited.
The focus of the newly incorporated subsidiary is the production and refining of salt, complementing the established activities of its parent company.
GOYALSALT Stock Price Movement
Shares of Goyal Salt Limited are shedding value as of 2:21 PM, dipping 0.55% in live trading and currently holding at ₹118. The stock continues to slide following a drop of ₹0.65 from its previous close of ₹118.65.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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