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.

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.