Rights Issue24 Oct 2026, 06:10 pm
Goyal Associates Approves Rights Issue Up to ₹70 Crore
AI Summary
Goyal Associates Limited's Board of Directors has approved a Rights Issue of equity shares, aiming to raise up to ₹70 Crore (₹7000 Lakhs). The Board also approved the Draft Letter of Offer (DLOF) for filing with SEBI and stock exchanges, and constituted a Rights Issue Committee. Additionally, the company noted the resignation of a Director and the CFO, and approved the appointment of Mr. Ajay Solanki as CFO on an additional charge basis.
Key Highlights
- Board approves Rights Issue to raise up to ₹70 Crore.
- Draft Letter of Offer to be filed with SEBI.
- Rights Issue Committee formed to oversee the process.
- Resignation of Director and CFO noted.
- Mr. Ajay Solanki appointed as interim CFO.
Price Impact
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