Goel Construction Company Ltd

Goel Construction Company Ltd reports no deviations or variations in the utilization of funds raised through its IPO for the year ended March 31, 2026. The IPO raised ₹8,107.53 Lakhs. The funds were allocated towards capital expenditure, repayment of borrowings, general corporate purposes, and issue expenses, as outlined in the prospectus. The audit committee reviewed the statement on May 18, 2026.

Goel Construction Company Ltd reported its audited financial results for the year ended March 31, 2026. The company's order book increased threefold to ₹1,291 Cr. Revenue from operations rose by 30% YoY to ₹412 crs. The adjusted EBITDA margin remained stable at 10.2% during H2 FY26, while the PAT margin improved by 38 bps YoY to 7.2%. The company has strong cash reserves of ₹146 Cr and received a maiden credit rating of CRISIL A-/Stable.

The Board of Directors of Goel Construction Company Ltd approved the audited standalone financial statements for the half year and financial year ended March 31, 2026, during its meeting held on May 18, 2026. The audit report, issued by M/s Ravi Sharma & Co, Chartered Accountants, contained an unmodified opinion. The trading window will reopen 48 hours after the declaration of the results.

Goel Construction Company Ltd has submitted a Monitoring Agency Report by Crisil Ratings Limited for the quarter ended March 31, 2026, regarding the utilization of IPO proceeds. The report, issued on April 29, 2026, confirms no deviations from the stated objectives of the IPO. The company voluntarily complies with SEBI regulations despite being an SME listed company. The IPO issue size was ₹8,107.53 lakh, with net proceeds revised to ₹7,455.67 lakh.

Goel Construction Company Ltd's Board of Directors, following the Audit Committee's recommendation, reappointed M/s Deepak Mittal & Co. as Cost Auditor and M/s R.K. Akar and Co. as Internal Auditor for FY 2026-27. The decision was made during the board meeting held on May 13, 2026. The reappointments are subject to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Goel Construction Company Ltd reappointed M/s Deepak Mittal & Co. as Cost Auditor and M/s R.K. Akar and Co. as Internal Auditor for FY 2026-27. The decision was made based on the Audit Committee's recommendation during a Board of Directors meeting held on May 13, 2026. The appointments are effective from April 1, 2026, to March 31, 2027.

Goel Construction Company Ltd has scheduled a Board of Directors meeting on May 18, 2026, to consider and approve the annual audited standalone results for the year ended March 31, 2026. The board will also approve the Statement of Deviation(S) or Variation(S) pursuant to Regulation 32 of SEBI Regulations, 2015. The trading window closure period will end 48 hours after the results are made public.

Goel Construction Company Ltd has announced the closure of the trading window for all designated persons and their immediate relatives as defined in the Code of Conduct for Prevention of Insider Trading. The closure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed from Wednesday, April 1, 2026, till the expiry of 48 hours after the declaration of the Audited Financial Results for the half year and financial year ended March 31, 2026. The date of the Board Meeting for the declaration of the Audited Financial Results will be intimated in due course.

Goel Construction Company Ltd announced the appointment of Mr. Sushil Kumar Wali as an Additional Director and Independent Director for a period of three years, subject to the approval of the shareholders at the ensuing general meeting. The company also accepted the resignation of Mr. Chaman Lal from the position of Non-Executive Independent Director, effective immediately. Furthermore, the company appointed M/s Gaurav G & Associates as the Secretarial Auditor for the financial year 2025-26.

Goel Construction Company Ltd has appointed Mr. Sushil Kumar Wali as an Additional Director, Non-Executive and Independent, for a period of three years commencing from 18th March, 2026 to 17th March, 2029. The appointment is subject to the approval of the shareholders at the ensuing general meeting of the Company. The Board also accepted the resignation of Mr. Chaman Lal from the position of Non-Executive Independent Director with effect from 18th March, 2026. Furthermore, the Board approved the appointment of M/s Gaurav G & Associates as the Secretarial Auditor of the Company for the period 2025-26.