Goel Food Products Limited has submitted the scrutinizer’s report for its 30th Annual General Meeting (AGM), officially confirming that the gathering held on July 24, 2026, was adjourned due to technical irregularities. Consequently, no resolutions were passed, delaying critical governance decisions including director appointments and auditor re-appointments. The company’s Board of Directors approved reconvening the meeting on July 25, 2026, ensuring compliance with statutory requirements while addressing the operational failure that prevented effective shareholder participation.

The development was communicated to the Listing Compliance department of BSE Limited in a letter dated July 27, 2026, signed by Managing Director Dinesh Goyal (DIN: 00881868). The submission includes the consolidated scrutinizer’s report from M/s. Mamta Binani and Associates, which validates the procedural steps taken during the disrupted event. This filing ensures transparency regarding the lack of voting results and outlines the regulatory framework under which the adjournment was executed.

Scrutinizer’s Report Details

Ankita Dutta, Partner at Mamta Binani and Associates (FCS No. F13329), served as the appointed scrutinizer for the meeting. Her report, dated July 27, 2026, confirms that the Board of Directors decided to treat the AGM as adjourned with no transactions discussed. The decision was driven by technical irregularities that compromised the integrity of the voting process. As a result, no declaration of results is possible for this session.

Regulatory Compliance

The submission was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the scrutinizer’s report aligns with Section 108 of the Companies Act, 2013, and Rule 20(4) (XII) of the Companies (Management and Administration) Rules, 2014. The process also adhered to Regulation 44 of the SEBI LODR Regulations, 2015, and relevant circulars from the Ministry of Corporate Affairs (MCA) and SEBI. The use of Video Conferencing (VC) / Other Audio-Visual Means (OAVM) was monitored in compliance with Secretarial Standard on General Meetings.

Next Steps for Shareholders

Goel Food Products Limited is expected to schedule a reconvened AGM to address the pending agenda items. Shareholders will be notified of the new date through official channels, including the company’s website and direct communications. The Board of Directors will oversee the planning of the reconvened meeting to ensure robust technical infrastructure, preventing a recurrence of the issues faced on July 24. Until the reconvened AGM is held, no binding decisions can be made on the previously scheduled resolutions.

Goel Food Products Limited submitted to BSE the copies of newspaper publications made on June 27, 2026, regarding the dispatch of its annual report and notice for the 30th Annual General Meeting (AGM). The AGM is scheduled to be held on Friday, July 24, 2026, at 11:00 A.M. IST via video conferencing. The meeting seeks shareholder approval to ratify borrowings exceeding statutory limits and authorize loans up to ₹50 crore, addressing a non-compliance with Section 180(1)(c) of the Companies Act, 2013.

The notice confirms the company has borrowed money in excess of the limits prescribed under Section 180(1)(c) without prior shareholder approval. To rectify this, shareholders will vote on a special resolution to ratify these borrowings. Additionally, the AGM will consider special resolutions to increase the threshold for loans, guarantees, and investments under Section 186 to ₹50 crore, and to approve overall borrowing limits up to ₹50 crore under Section 180(1)(c). Another resolution seeks authorization to provide loans or guarantees to entities covered under Section 185, capped at ₹50 crore.

Revenue from operations for FY26 stood at ₹2,190.90 lakh, compared to ₹2,452.14 lakh in FY25. Total income decreased to ₹2,330.88 lakh from ₹2,555.42 lakh in the previous year. The company reported a profit after tax of ₹282.40 lakh for the financial year ended March 31, 2026, a decline from ₹505.51 lakh in the previous year. The Board has not recommended any dividend for the period under review, stating the profit will be ploughed back into the business. The paid-up share capital of the company remains at ₹18,85,20,000 divided into 1,88,52,000 equity shares of ₹10 each.

Ms. Rashmi Goyal, Executive Director, retires by rotation at the upcoming AGM and being eligible, offers herself for reappointment. The registered office at 76/1/2 Golaghata Road, Kolkata, will serve as the venue for the proceedings. M/s. Bigshare Services Private Limited acts as the Registrar and Share Transfer Agent. The statutory auditors, M/s R. Kothari & Co LLP, reported no qualifications or adverse remarks requiring clarification.

Key Meeting Details