Key Compliance Update

The company acknowledges an observation from BSE Ltd. regarding the non-mentioning of the conclusion time in the proceedings of the General Meeting held on August 14, 2026. The omission is stated to be inadvertent and purely clerical in nature, with no intention to omit the information. The company commits to submitting a revised corporate announcement/proceeding duly incorporating the conclusion time through the BSE Listing Centre.

AGM Proceedings 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 concluded at 10:50 A.M.

The meeting was conducted in accordance with circulars and guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The requisite quorum was present through Video Conferencing.

Attendees

Chairman: Mr. Vuppala Naga Malleswara Rao, Director (DIN: 08858080)

Directors and Key Managerial Personnel Present:

  • Mr. Bheemdi Raghuram Reddy, Chief Executive Officer
  • Mr. Satya Narayana Gogula, Independent Director
  • Mr. Gajjala Kranthikumar Reddy, Independent Director

Other Attendees:

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

Since the AGM was conducted through VC/OAVM, the facility for appointment of proxies was not applicable.

Business Conducted

Ordinary Business:

1. Adoption of Audited Financial Statements: Ordinary Resolution to consider and adopt the Audited Financial Statements for the financial year ended 31st March 2025, together with the Board's Report and Auditor's Report.

2. Re-appointment of Director: Ordinary Resolution to appoint a Director in place of Mr. Vuppala Naga Malleswara Rao (DIN: 08858080), who retires by rotation and offered himself for re-appointment.

Special Business:

3. Appointment of Secretarial Auditor: Ordinary Resolution to approve the appointment of M/s. Ankur Gandhi & Associates, Practising Company Secretaries, as the Secretarial Auditor of the Company.

4. Appointment of Independent Director: Special Resolution to approve the appointment of Mr. Kranthi Kumar Reddy Gajjala (DIN: 10107498) as an Independent Director for a term of five years with effect from 13th February 2026.

5. Appointment of Independent Director: Special Resolution to approve the appointment of Mr. Satya Narayana Gogula (DIN: 10209811) as an Independent Director for a term of five years with effect from 20th February 2026.

Shareholder Engagement

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

Voting Procedures

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

Next Steps

The voting results of the resolutions considered at the AGM will be announced within the prescribed period and intimated to the Stock Exchanges and uploaded on the Company's website.