Rights Issue24 Oct 2026, 05:50 pm
Goyal Associates Plans Rights Issue Up To ₹70 Crore
AI Summary
Goyal Associates Limited announced its 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 the issue and constituted a Rights Issue Committee to oversee the process. Additionally, the company noted the resignation of Mr. Vuppala Naga Malleswara Rao as Director and Ms. Munige Radhika as CFO, with Mr. Ajay Solanki appointed as interim CFO.
Key Highlights
- Board approves rights issue to raise up to ₹70 Crore.
- Draft Letter of Offer approved for filing with SEBI.
- Rights Issue Committee formed to manage the process.
- Resignation of CFO and appointment of interim CFO noted.
- Director resignation also accepted by the Board.
Price Impact
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