Goel Food Products 30th AGM on July 24, 2026; seeks borrowing cap hike to Rs 50 Cr
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Goel Food Products will hold its 30th AGM on July 24, 2026 at 11 AM via video conferencing from its Kolkata office. Ordinary business includes adopting FY26 accounts and reappointing Rashmi Goyal, wife of MD Dinesh Goyal. Four special resolutions seek to ratify past excess borrowings under Section 180, raise the overall borrowing cap to Rs 50 crore, raise Section 186 investment and loan limits to Rs 50 crore, and approve loans to related parties up to Rs 50 crore. The company has disclosed non-compliance with borrowing limits and possible adjudication proceedings under Section 454.
Borrowing cap hike to Rs 50 Cr may signal expansion plans. Section 180 non-compliance and possible regulatory action are key risks for shareholders.