Goel Construction Company Limited announced significant Board changes and auditor appointments following its Board meeting held on March 18, 2026. The meeting, conducted at the company's registered office from 01:00 P.M. to 01:47 P.M., addressed key governance matters in compliance with SEBI regulations.

Board Composition Changes

The Board approved strategic changes to strengthen its independent oversight, based on recommendations from the Nomination and Remuneration Committee. These changes involve both new appointments and resignations to enhance corporate governance.

New Independent Director Profile

Mr. Sushil Kumar Wali brings extensive industry expertise to the Board as a Chemical Engineer with Distinction and Cement Technologist. With over 45 years of experience in the cement and manufacturing sector, he has undergone advanced management training from reputed national and international institutions.

Wali previously served as Whole-Time Director of JK Lakshmi Cement Ltd., where he played a pivotal role in scaling production capacity and leading sustainability and technological initiatives. His expertise spans industrial operations, governance, strategic leadership, and sustainability practices. The company confirmed that Wali is not related to any Director or Key Managerial Personnel and is not debarred from holding directorship by SEBI or any other authority.

Director Resignation Details

Mr. Chaman Lal submitted his resignation from the Non-Executive Independent Director position, citing preoccupation and work commitments elsewhere. His resignation letter, dated March 16, 2026, confirmed no other material reasons beyond those mentioned.

Secretarial Auditor Appointment

Based on the Audit Committee's recommendation, the Board appointed M/s Gaurav G & Associates as Secretarial Auditor for financial year 2025-26. The peer-reviewed Practicing Company Secretary firm bears unique code number S2025RJ1004900.

Mr. Gaurav Goyal specializes in Company Law, SEBI Regulations, Corporate Governance, Legal Due Diligence, Mergers & Acquisitions, IPOs, Listings, and other Capital Market Transactions. The firm maintains high standards of professionalism, independence, and integrity in delivering secretarial and compliance services.

Regulatory Compliance

All announcements comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circulars SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI/HO/CFD/CFDPoD-2/CIR/P/2024/185 dated December 31, 2024. The company provided comprehensive disclosures including detailed annexures covering the Independent Director appointment, resignation acceptance, and Secretarial Auditor appointment.

Goel Construction Company Limited has received credit ratings from CRISIL Ratings Limited for its bank facilities, as disclosed to BSE Limited on March 5, 2026. The company made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

CRISIL Ratings Limited has assigned specific ratings to Goel Construction Company Limited's banking facilities. The rating assessment covers the company's creditworthiness and financial stability across different time horizons.

Regulatory Compliance

The disclosure was made pursuant to the mandatory requirements under SEBI regulations. Chairman cum Managing Director Purushottam Dass Goel signed the regulatory filing on behalf of the company. The communication was addressed to the Compliance Department of BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Rating Documentation

CRISIL has made the detailed rating documentation available on its official website. The rating report provides comprehensive analysis and rationale behind the assigned credit ratings. Investors and stakeholders can access the complete rating details through the CRISIL website for further reference.

The company operates under the current name Goel Construction Company Limited, having previously been known as Goel Construction Company Private Limited. The rating update reflects CRISIL's assessment of the company's current financial position and credit profile for its bank facilities.