Goyal Salt Limited has incorporated a new subsidiary, Goyal Foods Industries Private Limited, on June 29, 2026, to expand its business operations in salt production and refining. The company received the Certificate of Incorporation from the Ministry of Corporate Affairs via email on the same date. This strategic move follows the Board of Directors' approval on June 18, 2026, to establish the subsidiary.

The newly incorporated entity has an authorized and paid-up share capital of Rs. 10,00,000, divided into 1,00,000 equity shares with a face value of Rs. 10 each. Goyal Salt Limited has subscribed to 51,000 equity shares, representing a 51% stake in the subsidiary. The consideration for the acquisition was made in cash.

Goyal Foods Industries Private Limited is classified as a related party of Goyal Salt Limited. The company has stated that any future transactions with the subsidiary will be conducted on an arm's length basis. Mr. Rajesh Goyal, Chairman cum Whole-time Director of Goyal Salt Limited, has been appointed as the first director of the new entity.

The primary objective of incorporating the subsidiary is to facilitate the expansion of Goyal Salt's business activities. As a newly incorporated entity, Goyal Foods Industries has not yet commenced business operations, and its turnover figures are not applicable. The subsidiary is domiciled in India and operates within the same industry as its parent company.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosures regarding the incorporation are attached as Annexure-A to the regulatory filing submitted to the National Stock Exchange of India Limited.

Key Details of Goyal Foods Industries Private Limited

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