Goel Construction Board Approves Borrowing Limit Hike to ₹1200 Cr
Goel Construction Company Ltd held a Board Meeting on August 7, 2026, where several key decisions were made. The Board approved the re-appointment of Mr. Purushottam Dass Goel and the regularization of Mr. Sushil Kumar Wali as an Independent Director. A significant proposal is the recommendation to increase the company's borrowing and granting powers, subject to shareholder approval, from ₹300 Crores to ₹1200 Crores. The 29th Annual General Meeting is scheduled for August 31, 2026, to be held via VC/OAVM. The Board also took on record the Secretarial Audit Report and approved the Cost Audit Report for FY 2025-26, along with the Board's report for the same financial year. M/s Gaurav G & Associates were appointed as Scrutinizers for the e-voting process.
Key Highlights
- Board recommends increasing borrowing and granting powers to ₹1200 Cr.
- Re-appointment of Director Purushottam Dass Goel approved.
- Sushil Kumar Wali recommended for regularization as Independent Director.
- 29th AGM scheduled for August 31, 2026.
- Secretarial and Cost Audit Reports for FY 2025-26 taken on record.
Price Impact
More from GOELCONS