Goel Construction Company Ltd

AGM details and access

• 29th AGM scheduled for Aug 31, 2026 at 04:00 PM IST via VC/OAVM.
• AGM Notice and Annual Report available at goelconstruction.co.in/annual-reports/.
• Cut-off date for non-email registered members to receive links: July 31, 2026.

KYC and physical securities updates

• Reminder to update KYC details for physical holders per SEBI Master Circular 2024.
• SEBI mandates PAN, address, mobile, bank details, and nomination data for physical folios.
• Updating email is optional but recommended for receiving notices.
• RTA helpdesk link and phone support provided for queries.

Financial highlights

• FY26 revenue ₹657.3 Cr, up 11.4% YoY.
• EBITDA ₹66.69 Cr; margin 10.15%.
• PAT ₹46.26 Cr; up 20.7% YoY.
• Closing order book ₹1,291 Cr; record high.
• Order inflows over ₹1,500 Cr; strong visibility.
• CFO ₹62.83 Cr; cash generation healthy.
• Current ratio 1.51; debt-equity 0.03; negligible debt.
• CRISIL A-/Stable rating reinforces strength.

IPO & capital structure

• IPO completed Sept 9, 2025; 38.08 lakh shares listed.
• Fresh issue 30.84 lakh; OFS 7.23 lakh.
• IPO proceeds ₹7,452.75 Lakhs.
• Equity capital increased to ₹14.4496 Cr post-IPO.
• IPO utilization: capex ₹2,772.04 L; debt repayment ₹2,305.25 L; general corporate ₹976.04 L.
• Unutilised IPO funds ₹1,402.34 L.
• Shares dematerialised; ISIN INE0ZOM01013.

Portfolio & operations

• Cement Plant: order book ₹982.11 Cr; revenue ₹550.50 Cr.
• Power Plant: order book ₹265.76 Cr; revenue ₹90.36 Cr.
• Dairy Plant: order book ₹43.35 Cr; revenue ₹15.03 Cr.
• Other Industrial Plants: diversification into steel, logistics.
• Workforce: 1,400+ permanent; project workforce 8,000+.
• Owned equipment: 270+ units.
• Geographic presence across 13 states; 17 ongoing projects.

Strategy & outlook

• Integrated project solutions; expand into structural & mechanical works.
• Target higher order sizes ₹250-400 Cr; broaden client base.
• Geographic expansion into Bihar, Odisha; Pan-India footprint.
• Increase wallet share in power projects; power book ~21% of total.
• Leverage PM Gati Shakti, NIP, PLI for growth.

Governance & board

• Board of 6 directors: MD Purushottam Goel; WTD Arun Goel; ED Soni Goel; 3 Independent Directors.
• Soni Goel appointed Additional Director 1 Jul 2025; regularised Aug 30, 2025.
• Sushil Kumar Wali appointed Additional Independent Director 18 Mar 2026.
• Chaman Lal resigned 18 Mar 2026.
• Board meetings: 18 during the year.
• Remuneration: MD ₹66.00 L; WTD ₹54.00 L; ED ₹18.00 L.
• Corporate governance exemptions: SME listing; certain reg. provisions not applicable.

CSR & sustainability

• CSR spend ₹63.80 L; minimum requirement ₹63.56 L; no shortfall.
• CSR policy on website; CSR Committee chaired by Sakshi Agarwal.
• CSR focuses on education, gender equality, and livelihoods.
• Obligation for the year ₹63.56 L; spent ₹63.80 L; excess ₹0.25 L.

Audit & internal controls

• Statutory Auditor: Ravi Sharma & Co.
• Secretarial Auditor: Gaurav G & Associates; Internal Auditor: RK Akar & Co.; Cost Auditor: Deepak Mittal & Co.
• Auditors’ report: Unmodified; no fraud reported.
• Internal financial controls assessed as adequate and effective.

Risks

• Project execution delays due to design/site conditions or material delays.
• Customer concentration; reliance on a few large orders.
• Raw material price volatility; impact on margins.
• Working capital intensity and receivables risk.
• Labour availability and equipment performance risks.

Key Decisions

• Secretarial Audit Report for FY 2025-26 taken on record.
• Board's Report including annexure for FY 2025-26 approved.
• AGM 29th scheduled Aug 31, 2026 via VC/OAVM; Notice approved.
• Scrutinizer appointment M/s Gaurav G & Associates for e-voting.
• Proposed increase in borrowing power to Rs 1200 crore, subject to shareholder approval.
• Recommend increasing board power under Sec 180(1)(a) to Rs 1200 crore.
• Constitution of Finance Committee approved.
• Cost Audit Report for FY 2025-26 approved.

Appointments/Resignations

• Recommend re-appointment of Purushottam Dass Goel as Director liable to rotation.
• Regularization of Sushil Kumar Wali as Independent Director; Mar 18, 2026–Mar 17, 2029.

Dematerialisation processing and listing

• Securities received for dematerialisation were processed/confirmed to depositories by the RTA.
• Securities dematerialised have been listed on the stock exchanges where earlier securities are listed.
• Dematerialisation certificates were mutilated and cancelled after verification; depository name substituted as registered owner.
• Substitution of depository name as registered owner occurred within prescribed timelines.