Goyal Associates appointed Mr. Ajay Solanki as managing director and Mr. Ankush Pandey as additional independent director on September 8, 2026.

The board of directors approved these appointments during a meeting held at the company’s corporate office. The resolutions require approval from the company’s members.

Board Approvals

The board considered and approved the following matters pursuant to the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

• Appointment of Mr. Anjay Solanki (DIN: 11930681) as an additional director effective September 8, 2026.
• Appointment of Mr. Ajay Solanki (DIN: 11930681) as managing director effective September 8, 2026.
• Appointment of Mr. Ankush Pandey (DIN: 11855729) as an additional independent director.

Director Profiles

Mr. Solanki brings experience in the banking sector, particularly in direct selling agent products and customer acquisition. Mr. Pandey possesses expertise in corporate laws, secretarial standards, and regulatory compliance.

Both directors hold no shares in the company and have no pecuniary relationships with the entity or its managerial personnel. The company confirmed that neither director has been debarred from holding office by SEBI or any other authority.

Goyal Associates Limited concluded its 31st Annual General Meeting on August 14, 2026, via video conferencing. The meeting approved key board appointments and the adoption of FY25 financial statements. The company also addressed a clerical omission regarding the meeting's conclusion time in its initial exchange filings.

Governance and Board Appointments

Shareholders approved several resolutions during the meeting. Vuppala Naga Malleswara Rao was re-appointed as a director after retiring by rotation. The company secured approval for two new independent directors to join the board for five-year terms:

• Kranthi Kumar Reddy Gajjala: Appointment effective from February 13, 2026.
• Satya Narayana Gogula: Appointment effective from February 20, 2026.

Additionally, M/s. Ankur Gandhi & Associates was appointed as the Secretarial Auditor for the company.

Meeting Proceedings and Filing Correction

Company Secretary Abhik Jain declared the meeting duly constituted after confirming the requisite quorum was present via video link. The statutory auditors, M/s. R S R V and Associates, and secretarial auditors attended the proceedings. The meeting commenced at 10:30 am and concluded at 10:50 am.

The Chairman provided an overview of the economic environment, the NBFC sector landscape, and the company’s performance during FY25. He also outlined strategic priorities and regulatory compliance frameworks. Three shareholders participated as speaker shareholders, raising queries that were addressed by Chief Executive Officer Bheemdi Raghuram Reddy.

E-voting facilities were available for 15 minutes during the meeting. Members who had already voted remotely were not eligible to vote again. The voting results will be intimated to stock exchanges and uploaded to the company’s website within the prescribed period.

In a subsequent communication to BSE Ltd dated August 21, 2026, the company acknowledged an inadvertent clerical omission of the conclusion time in the initial proceedings submitted to the exchange. The company stated it would submit a revised corporate announcement incorporating the correct conclusion time through the BSE Listing Centre.