OUTCOME OF BOARD MEETING

Date: 24.10.2026 BSE LTD Phiroze Jeejeebhoy Towers, Dalal Street, Kala Ghoda Fort, Mumbai, Maharashtra - 400 001 Script Code: 530663 Script Symbol: GOYALASS Subject: Outcome of Board Mee(cid:415)ng in accordance with the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015 ("Lis(cid:415)ng Regula(cid:415)ons") Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), this is to inform you that the Board of Directors of Goyal Associates Limited (the "Company"), at its meeting held today i.e., Saturday, October 24, 2026, has considered and approved the following business: 1. The Board of Directors of the Company has approved the issuance of equity shares on a rights basis for an amount not exceeding 7000 lakhs ("Rights Equity Shares", and such issue, the "Rights Issue" or "Issue"), in accordance with the Companies Act, 2013, as amended and the rules made thereunder, Securi(cid:415)es and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regula(cid:415)ons, 2018 as amended and other applicable laws. 2. The Board of Directors has approved the Dra(cid:332) Le(cid:425)er of Offer ("DLOF") to be filed with the Securi(cid:415)es and Exchange Board of India ("SEBI") and the Stock Exchanges in connec(cid:415)on with the Rights Issue. 3. The Board of Directors of the Company has approved the cons(cid:415)tu(cid:415)on of a Rights Issue Commi(cid:425)ee to undertake and oversee all ma(cid:425)ers rela(cid:415)ng to the proposed Rights Issue of Equity Shares of the Company in accordance with the applicable provisions of the Companies Act, 2013, the SEBI (Issue of Capital and Disclosure Requirements) Regula(cid:415)ons, 2018, and other applicable laws. 4. The Board of Directors has approved the appointment of the necessary intermediaries in connec(cid:415)on with the Rights Issue. 5. To take note of the resigna(cid:415)on of Mr. Vuppala Naga Malleswara Rao from the office of Director of the Company with effect from 16th October, 2026. 6. To consider and approve the resigna(cid:415)on of Ms. Munige Radhika from the office of Chief Financial Officer (CFO) of the Company with effect from 24th October, 2026 a(cid:332)er closing of business hour. 7. To consider and approve the appointment of Mr. Ajay Solanki to discharge the func(cid:415)ons of Chief Financial Officer (CFO) of the Company on an addi(cid:415)onal-charge basis with effect from 25th October, 2026. Head (O): D-909, Titanium City Centre, Near Sachin Tower, Satellite, Ahmedabad, Gujarat – 380015 CIN: L74999GJ1994PLC023281 Email: goyalbselimited@gmail.com web: www.goyalnbfc.in Phone No: 07946080724 Further, in accordance with Regulation 42 of the SEBI Listing Regulations, the Company will separately intimate the Record Date upon finalization of the same. Details as required under Regulation 30 read with Schedule III of the Listing Regulations read with SEBI circular SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ("SEBI Master Circular"), are attached as "Annexure-A". The Board Meeting commenced at 4.00 P.M. and concluded at 5.30 P.M. The aforesaid information is also available on the Company's website at https://www.goyalnbfc.in/. Kindly take the same on your record. Thanking you For Goyal Associates Limited Ajay Solanki Managing Director DIN: 11930681 Head (O): D-909, Titanium City Centre, Near Sachin Tower, Satellite, Ahmedabad, Gujarat – 380015 CIN: L74999GJ1994PLC023281 Email: goyalbselimited@gmail.com web: www.goyalnbfc.in Phone No: 07946080724 Annexure-A Disclosures as required under Regula(cid:415)on 30 of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015 Sr. Par(cid:415)culars Details 01. Type of securi(cid:415)es proposed to be issued (viz. Fully paid-up equity shares of face Equity shares, conver(cid:415)bles etc.); value of ₹1/- each 02. Type of issuance (further public offering, rights Rights Issue to the eligible equity issue, depository receipts (ADR/GDR), qualified shareholders of the Company as on ins(cid:415)tu(cid:415)ons placement, preferen(cid:415)al allotment the record date (to be determined etc.); and no(cid:415)fied subsequently). 03. Total number of securi(cid:415)es proposed to be issued Issue size not exceeding Rs.70/- or the total amount for which the securi(cid:415)es will Crore be issued (approximately); 04. Any cancella(cid:415)on or termina(cid:415)on of proposal for Not Applicable issuance of securi(cid:415)es including reasons thereof. Sr. Par(cid:415)culars Details 1 Name Mr. Ajay Solanki 2 Date of Appointment 25.10.2026 as a Chief Financial officer on an Addi(cid:415)onal Charge. 3 Brief Resume Mr. Ajay possesses good knowledge and experience in the banking sector, with a sound understanding of banking products and services. He has par(cid:415)cular knowledge of Direct Selling Agent (DSA) products and opera(cid:415)ons in the banking sector, including customer acquisi(cid:415)on, financial products and related business processes. He brings a prac(cid:415)cal and business-oriented approach, with a good understanding of banking opera(cid:415)ons and customer-focused financial services. 4 Qualifica(cid:415)on: Graduate 5 Shareholding in the Nil Company 6 List of Directorship In other Nil Listed En(cid:415)ty 7 Pecuniary Rela(cid:415)onship Not Related Directly or indirectly with the company, or rela(cid:415)onship with the managerial personnel Head (O): D-909, Titanium City Centre, Near Sachin Tower, Satellite, Ahmedabad, Gujarat – 380015 CIN: L74999GJ1994PLC023281 Email: goyalbselimited@gmail.com web: www.goyalnbfc.in Phone No: 07946080724 10/24/26, 5:29 PM Gmail - Resignation to my position Goyal Associates Ltd <info.goyalass@gmail.com> Resignation to my position Radhika Munige <radhika.munige@gmail.com> Sat, Oct 24, 2026 at 11:01 AM To: "info.goyalass@gmail.com" <info.goyalass@gmail.com> Cc: "goyalassociateslimited@gmail.com" <goyalassociateslimited@gmail.com> Dear Sir/Madam, I am writing to formally submit my resignation from my position Chief Financial Officer at the company. Thank you for the opportunity and support provided during my time here. Kindly accept my resignation and let me know the further formalities. Please consider this email as my official resignation. Thank you for your understanding. Best regards, Munige Radhika Chief Financial Officer Employee id; GAL0145 https://mail.google.com/mail/u/0/?ik=6233ed6c7a&view=pt&search=all&permmsgid=msg-f:1879907901977892575&simpl=msg-f:1879907901977892575 1/1