Goyal Associates Ltd — Important, 20-11-2025: Company Update

Goyal Associates Limited has confirmed there were no deviations in the use of funds from its ₹1.50 Cr preferential issue of convertible warrants. The company raised these funds on March 21, 2025. For the quarter and half-year ended September 30, 2025, Goyal Associates reported the entire ₹1.50 Cr was fully utilized by June 30, 2025. These funds were used precisely for their stated purposes: funding working capital and covering fund-raising expenses. This update reassures investors of the company's adherence to its financial plans for the capital raised.