Goyal Associates Limited conducted its 32nd Annual General Meeting (AGM) on Saturday, 24th October 2026 at 1:00 PM through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting was held in compliance with circulars and guidelines from the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Mr. Abhik Jain, Company Secretary, welcomed members and confirmed that requisite quorum was present through Video Conferencing, declaring the meeting duly constituted.

The meeting was chaired by Mr. Ankush Pandey, Independent Director. Other Directors and Key Managerial Personnel present included Mr. Ajay Solanki, Ms. Anupriya Bhaskar, Mr. Raghuram Reddy, Mr. Satya Narayana Gogula, and Mr. Gajjala Kranthikumar Reddy.

Representatives from M/s. Ankur Gandhi and Associates (Practising Company Secretaries, Secretarial Auditors) and M/s. R S R V and Associates (Chartered Accountants, Statutory Auditors for FY 2025-26) also attended the AGM via VC.

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

The Chairman addressed members with an overview of the economic and NBFC sector, the company's performance during FY 2025-26, business outlook, strategic priorities, regulatory compliance, and governance framework.

With member consent, the Notice convening the AGM and the Annual Report, including Audited Financial Statements for the financial year ended 31st March 2026, were taken as read.

Business Items Considered and Approved

Ordinary Business

1. Adoption of Audited Financial Statements - Members considered and adopted the Audited Financial Statements of the Company for the financial year ended 31st March 2026, together with the Board's Report and Auditor's Report thereon. This was passed as an Ordinary Resolution.

2. Re-appointment of Director liable to retire by rotation - Members appointed a director in place of Mr. Vuppala Naga Malleswara Rao (DIN: 08858080), who retires by rotation and, being eligible, offered himself for re-appointment. This was passed as an Ordinary Resolution.

Special Business

3. Shifting of Registered Office - Members approved shifting the Registered Office of the Company outside the local limits of Existing City, but within the State of Gujarat. This was passed as a Special Resolution.

4. Appointment of Mr. Ajay Solanki as Director and Managing Director - Members approved the appointment of Mr. Ajay Solanki (DIN: 11930681) as Director and Managing Director of the Company for a term of five years with effect from 8th September 2026. This was passed as a Special Resolution.

5. Appointment of Mr. Ankush Madan Pandey as Independent Director - Members approved the appointment of Mr. Ankush Madan Pandey (DIN: 11855729) as Independent Director of the Company for a term of five years with effect from 8th September 2026. This was passed as a Special Resolution.

6. Increase in Authorised Share Capital - Members approved the increase in the Authorised Share Capital of the Company and consequential amendment of the Capital Clause of the Memorandum of Association of the Company. This was passed as an Ordinary Resolution.

Voting Procedures

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

The meeting concluded at 1:11 PM with a vote of thanks to all members, directors, key managerial personnel, auditors, professionals, and other stakeholders for their participation and support.

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.