Goyal Associates Limited has confirmed no deviation in the use of funds raised from its ₹1.50 Cr preferential issue of convertible warrants.

For the quarter ended June 30, 2025, the company utilized approximately ₹0.06 Cr towards working capital and ₹0.05 Cr for fund-raising expenses.

This update provides transparency, assuring investors that the capital raised is being deployed as initially planned and reflecting the company's financial discipline in allocating shareholder funds.