Goyal Salt is boosting its subsidiary, Goyal Foods Industries Private Limited, by subscribing to 4,59,000 equity shares in a rights issue.

This investment, valued at Rs. 0.459 Cr, will secure Goyal Salt a 51% stake in the newly formed subsidiary.

The capital will fund Goyal Foods' crucial capital expenditure and working capital, directly supporting its salt production and refining business.

This strategic move aims to strengthen the subsidiary's operational capabilities and drive growth within the core salt sector.