Goyal Associates Approves Rs 70 Crore Rights Issue To Eligible Shareholders

Board approved rights issue of Rs1 shares up to Rs70 Cr; approved draft offer, committee, intermediaries. Noted director exit; CFO resigned, MD to take CFO charge from Oct 25. 70 Cr rights raise implies material dilution; record date pending, DLOF yet to be filed with SEBI. MD holding additional CFO charge leaves finance leadership thin. Issue ratio, price, entitlement, timetable, use of proceeds not disclosed. Director resignation reasons and CFO replacement search not detailed; approvals pending.