Goyal Associates Limited has announced a board meeting to review the financial results for the quarter and half-year.

The company raised ₹1.5 Cr through preferential allotment of 60 lakh convertible warrants at ₹2.5 each.

As of the quarter ended March, ₹1.39 Cr was utilized mainly for working capital and ₹4.6 lakh for fund-raising expenses, with no deviation in the use of proceeds.

This disciplined fund utilization supports the company’s operational needs and maintains transparency, reassuring shareholders about capital management.