Goyal Salt approves incorporation of subsidiary to expand business

Goyal Salt Limited has approved the incorporation of a subsidiary to expand its business operations. The Board of Directors sanctioned the formation of Goyal Foods Industries Private Limited with an initial paid-up capital of ₹10 Lakh, comprising 1,00,000 equity shares of ₹10 each. The new entity will focus on salt production and refining, aligning with the company's objective to broaden its operational footprint.

The subscription to the share capital of the proposed subsidiary will be made through cash or banking channels. Goyal Salt Limited will acquire 51% of the share capital, subscribing to 51,000 equity shares at ₹10 each. Upon incorporation, the subsidiary will become a related party of the company, and any future transactions will be conducted at arm's length.

The proposed authorized share capital of the new entity is ₹10,00,000. As the subsidiary is yet to be incorporated, its turnover is currently not applicable. The Board meeting, held on June 18, 2026, commenced at 2:00 P.M. and concluded at 3:20 P.M.

Details of the Proposed Subsidiary

Particulars	Details
Name of the entity	Goyal Foods Industries Private Limited or such other name as may be approved by the Registrar of Companies
Proposed Authorized Share Capital	₹10,00,000
Initial Paid-up Capital	₹10 Lakh (1,00,000 equity shares of ₹10 each)
Industry	Salt Production and Refining
Objective	Expansion of Business
Shareholding	51% held by Goyal Salt Limited (51,000 equity shares at ₹10 each)
Consideration	Cash / through Banking Channel

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.94%	+3.51%	+11.53%	-26.25%	-25.65%	-13.30%

Promoter Rekha Goyal of goyal salt confirmed that she did not create any encumbrance on her shareholding during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited and the company's Audit Committee, provides assurance regarding the absence of pledged shares by a key shareholder. This compliance with SEBI regulations ensures transparency regarding the promoter's financial commitments against her holdings.

Disclosure Details

The declaration was made in compliance with regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rekha Goyal confirmed that neither direct nor indirect encumbrances were created during the specified period. The disclosure serves as a formal confirmation to the stock exchange and the internal audit committee.

Shareholding Status

The promoter detailed her current shareholding position in the filing, affirming the status of her equity shares as of the financial year-end.

Shareholder	Equity Shares Held	Encumbered/Pledged Shares
Rekha Goyal	1,140,000	Nil

As on March 31, 2026, the number of shares encumbered or pledged by Rekha Goyal was nil. The filing confirms that the promoter's entire holding of 1,140,000 equity shares remains free from any encumbrance.