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

Goel Food Products Limited reported a net profit of ₹282.40 lakh for the financial year ended March 31, 2026, a decline from ₹505.51 lakh in the previous year. Revenue from operations for FY26 stood at ₹2,190.90 lakh, compared to ₹2,452.14 lakh in FY25. The Board of Directors approved the annual audited standalone financial statements and the draft Board's Report for the year during a meeting held on May 28, 2026.

The statutory auditors, M/s. R. Kothari & Co LLP, issued an unmodified opinion on the financial results. However, the auditors included an emphasis of matter noting that the company is yet to receive pending confirmations in respect of certain parties. The Board also appointed M/s. M R Dhandharia & Co as the internal auditor for the financial year 2026-27.

Financial Performance for FY26

The company's total income for the year decreased to ₹2,330.88 lakh from ₹2,555.42 lakh in the prior year. Total expenses increased to ₹1,892.98 lakh from ₹1,877.53 lakh. Profit before tax for the year was ₹437.89 lakh, down from ₹677.88 lakh in FY25. Basic earnings per share for FY26 were reported at ₹1.50, compared to ₹2.68 in the previous year.

Balance Sheet Highlights

As of March 31, 2026, the company's total assets stood at ₹7,244.17 lakh, up from ₹6,196.54 lakh in the previous year. Shareholders' funds increased to ₹2,989.11 lakh from ₹2,706.71 lakh. Cash and cash equivalents surged to ₹908.36 lakh from ₹374.58 lakh, while short-term borrowings rose significantly to ₹1,628.32 lakh from ₹283.78 lakh.