Goyal Associates Limited has appointed Abhik Jain as its Company Secretary and Compliance Officer, effective July 27, 2026. The company name Board of Directors approved the appointment during a meeting held on the same date, ensuring continuity in corporate governance and regulatory compliance functions for the organization.

The appointment was made pursuant to Section 203 of the Companies Act, 2013 and Regulation 6 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed the intimation under Regulation 6 and Regulation 30 of the SEBI LODR Regulations, 2015, read with Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Key Appointment Details

Abhik Jain brings over a decade of experience in corporate laws, secretarial practice, and regulatory compliance. He is a qualified Company Secretary with the Institute of Company Secretaries of India (ICSI), holding Membership Number A37412. Jain qualified for the CS Professional exam on his first attempt, securing All India Rank 28 and First Rank in Udaipur.

His professional background includes advisory roles in mergers and acquisitions, IPO advisory, business restructuring, and corporate governance. Jain holds an MBA in Finance, an LL.B., and a BBM degree. His expertise covers statutory compliance, management of corporate secretarial functions, handling complex corporate transactions, and drafting commercial agreements.

Governance Implications

The appointment strengthens Goyal Associates Limited’s compliance framework by leveraging Jain’s experience in implementing governance best practices across diverse industries. His role will involve ensuring statutory adherence and managing complex corporate transactions to support sustainable business growth. The Board Meeting that approved this appointment commenced at 4:00 p.m. and concluded at 4:30 p.m. on July 27, 2026.

Goyal Associates Limited reported a profit after tax of ₹7.38 lakh for the financial year ended March 31, 2025, a significant decrease from ₹63.05 lakh in the previous year. Revenue from operations stood at ₹274.60 lakh, down from ₹375.07 lakh in FY24, while total assets increased to ₹8.48 crore from ₹6.05 crore. The board approved the Annual Report for FY25 and the notice for the 31st Annual General Meeting (AGM) during a meeting held on July 20, 2026.

The board appointed M/s. Ankur Gandhi & Associates, Practising Company Secretaries, as the Secretarial Auditor for FY26 pursuant to Section 204 of the Companies Act, 2013. The firm was also appointed as the scrutinizer to conduct the remote e-voting process and voting at the ensuing AGM. The Register of Members and Share Transfer Books will remain closed from Saturday, August 8, 2026, to Friday, August 14, 2026, for the purpose of the AGM.

Financial Performance

For the financial year ended March 31, 2025, the company reported a decline in profitability despite an improvement in net worth to ₹5.50 crore from ₹3.25 crore in the previous year. Total expenses for the year were reduced to ₹18.83 lakh compared to ₹291.52 lakh in FY24.

Auditor and Compliance Observations

The Independent Auditors’ Report noted that the company has not filed Goods and Services Tax (GST) returns for the last four months of the financial year. Consequently, the auditors were unable to verify or reconcile GST-related balances and transactions from the GST portal. The report also highlighted that GST has not been levied on certain income items such as cheque bounce charges and penalties, which may be subject to tax based on industry practices.

The Secretarial Audit Report confirmed that the company generally complied with statutory provisions during the audit period. However, it noted that the company did not publish mandatory information in a newspaper as per Regulation 47 of SEBI (LODR) Regulations, 2015, and received a Stage 4 Notice for non-payment of Annual Listing Fees for the year 2024-2025.