Meeting Details

The 31st Annual General Meeting (AGM) of Goyal Associates Limited was held on Friday, 14th August 2026 at 10:30 A.M. through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting was conducted in accordance with applicable circulars and guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Mr. Abhik Jain, Company Secretary, welcomed the Members and confirmed that requisite quorum was present through Video Conferencing, declaring the meeting duly constituted. The facility for appointment of proxies was not applicable due to the VC/OAVM format.

Attendees

Directors and Key Managerial Personnel Present:

  • Mr. Vuppala Naga Malleswara Rao, Director (Chairman)
  • Mr. Bheemdi Raghuram Reddy, Chief Executive Officer
  • Mr. Satya Narayana Gogula, Independent Director
  • Mr. Gajjala Kranthikumar Reddy, Independent Director

Other Attendees:

  • M/s. Ankur Gandhi and Associates, Practising Company Secretaries (Secretarial Auditors)
  • M/s. R S R V and Associates, Chartered Accountants (Statutory Auditors for FY 2024-25)

Meeting Proceedings

The Chairman addressed the Members and provided:

  • Overview of the economic and NBFC sector
  • Company performance during FY 2024-25
  • Business outlook and strategic priorities
  • Regulatory compliance and governance framework

With Members' consent, the Notice convening the AGM and the Annual Report including Audited Financial Statements for the financial year ended 31st March 2025 were taken as read.

Resolutions Considered and Approved

Ordinary Business

1. Adoption of Audited Financial Statements

  • Resolution: To consider and adopt the Audited Financial Statements for FY ended 31st March 2025, together with Board's Report and Auditor's Report
  • Nature: Ordinary Resolution

2. Re-appointment of Director liable to retire by rotation

  • Director: Mr. Vuppala Naga Malleswara Rao (DIN: 08858080)
  • Status: Retires by rotation, eligible and offered himself for re-appointment
  • Nature: Ordinary Resolution

Special Business

3. Appointment of Secretarial Auditor

  • Firm: M/s. Ankur Gandhi & Associates, Practising Company Secretaries
  • Role: Secretarial Auditor of the Company
  • Nature: Ordinary Resolution

4. Appointment of Independent Director

  • Director: Mr. Kranthi Kumar Reddy Gajjala (DIN: 10107498)
  • Term: Five years with effect from 13th February 2026
  • Nature: Special Resolution

5. Appointment of Independent Director

  • Director: Mr. Satya Narayana Gogula (DIN: 10209811)
  • Term: Five years with effect from 20th February 2026
  • Nature: Special Resolution

Shareholder Interaction

Three shareholders joined the meeting as speaker shareholders and raised queries on matters set out in the Notice of the AGM and company affairs. All queries were addressed and replied to by Mr. Bheemdi Raghuram Reddy, Chief Executive Officer.

Voting Procedures

Members were informed about e-voting procedures. Members who had already cast votes through remote e-voting were not entitled to vote again. E-voting facility was made available to eligible Members attending the AGM for 15 minutes.

Conclusion

The 31st Annual General Meeting concluded with a vote of thanks. Voting results of the resolutions will be announced within the prescribed period and intimated to Stock Exchanges and uploaded on the Company's website.