Goyal Aluminiums Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 22, 2025
GOYALALUM · price
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Goyal Aluminiums Limited held its 9th AGM on September 22, 2025, via video conferencing from 3:14 PM to 3:30 PM, chaired by Mr. Sandeep Goyal (Managing Director & CFO). The Secretarial Auditor issued a qualified report for FY 2024-25, flagging two compliance lapses: delay in filing the impact statement on auditor qualification for FY ending March 2024, and failure to appoint a Cost Auditor within 180 days of financial year end; management stated these were noted and would be avoided in future. Ten resolutions were transacted, including adoption of FY25 audited financial statements, re-appointment of Mr. Chahat Gupta, appointment of a new Secretarial Auditor (CS Nitin Bhardwaj), approval of material related party transaction limits with four related entities (Goyal Rubbers, Gayatri Rubbers and Chemicals, ARG Enterprises, TCS Sales India), enabling loans and guarantees under Sections 185/186, and a special resolution revising the remuneration of Mr. Sandeep Goyal. Voting results are awaited within two working days.
The qualified secretarial audit report highlights past compliance weaknesses, though management has committed to corrective action. Shareholders should watch for the voting results and the revised MD remuneration, which is a special resolution and requires a higher approval threshold.