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.

Goyal Associates Limited reported a net loss of ₹2.65 million for the financial year ended March 31, 2026, a significant decline from the net profit of ₹7.55 million recorded in the previous year. The company's revenue from operations fell to ₹12.95 million in FY26 from ₹27.46 million in FY25, driven primarily by a decrease in interest on loans and share sales. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on June 1, 2026.

The standalone financial results, reviewed by the Audit Committee, were submitted pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. RSRV & Associates, the statutory auditors, issued an unmodified opinion on the results. The company's total assets stood at ₹84.99 million as of March 31, 2026, slightly up from ₹84.77 million in the previous year.

Financial Performance

The company's performance was impacted by a sharp drop in interest income, which fell to ₹0.05 million in FY26 from ₹19.52 million in FY25. Sale of shares contributed ₹12.33 million to revenue in FY26, up from ₹6.74 million in the prior year. Total expenses for the year decreased to ₹15.92 million from ₹18.83 million, with employee benefits expenses and other expenses being the major cost components.

Quarterly Results

For the quarter ended March 31, 2026, the company reported a net loss of ₹3.80 million, compared to a profit of ₹1.47 million in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹4.37 million, down from ₹6.06 million in Q4FY25. The loss was attributed to higher expenses and lower other income during the period.

Balance Sheet Highlights

The balance sheet showed a deterioration in the company's equity, with other equity turning negative at ₹0.54 million compared to a positive ₹2.10 million in the previous year. Cash and cash equivalents decreased significantly to ₹0.26 million from ₹1.44 million, indicating liquidity constraints. Borrowings remained stable at ₹10.52 million.