Board approves increase in authorised capital to Rs.80,00,00,000

Goyal Associates' board approved raising the authorised capital from Rs.6,40,00,000 (6,40,00,000 equity shares of Rs.1/- each) to Rs.80,00,00,000 (80,00,00,000 equity shares of Rs.1/- each).

Sat 3 Oct 2026

Board Meeting Date

03 October 2026

Authorised Capital (Revised)

Rs.80,00,00,000 divided into 80,00,00,000 equity shares of Rs.1/- each

Authorised Capital (Existing)

Rs.6,40,00,000 divided into 6,40,00,000 equity shares of Rs.1/- each

AGM Notice and Annual Report Approved

Notice convening the Annual General Meeting and the Annual Report for FY2025-26

Scrutiniser Appointed

M/s. Ankur Gandhi & Associates, Practising Company Secretaries, for remote e-voting and voting at the AGM

Board meeting on 03 October 2026

The board of directors of the company met on 03 October 2026 and approved three items. The meeting commenced at 06.00 PM and concluded at 06.55 P.M.

Authorised capital increased

• The board approved an increase in the authorised capital from Rs.6,40,00,000/- divided into 6,40,00,000 equity shares of Rs.1/- each to Rs.80,00,00,000/- divided into 80,00,00,000 equity shares of Rs.1/- each.
• Authorised capital is the ceiling up to which a company can issue shares. It is not the same as issued or paid-up capital, so this increase by itself does not mean new shares have been issued or that money has come in.
• The face value of each equity share stays at Rs.1/- both before and after the change; only the number of shares the company is permitted to have on its books goes up.

AGM and annual report

• The board approved the notice convening the Annual General Meeting and the Annual Report for the financial year 2025-26.

Scrutiniser for e-voting

• M/s. Ankur Gandhi & Associates, Practising Company Secretaries, has been appointed as the scrutiniser for conducting the remote e-voting process and the voting at the ensuing Annual General Meeting.

What to keep in mind

• The rise in authorised capital gives the company headroom to issue more shares in future if it chooses, but the board has approved only the increase in the ceiling here.
• The notice for the AGM has been approved, so the resolutions to be placed before shareholders will be known from that notice and the annual report.
• The board also approved the FY2025-26 annual report, which will carry the company's financial performance for the year.

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