Grand Foundry Limited has submitted a disclosure to BSE Limited and the National Stock Exchange of India regarding the reclassification of a promoter to the public category. This change follows the completion of an open offer made by Mr. Rakesh Kumar Bansal and Mr. Gaurav Goyal under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The open offer was completed on 5th January 2026.

Reclassification Details

Pursuant to Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ms. Madhu Garg has ceased to be classified as a Promoter/Promoter Group member. She will henceforth be classified under the “Public” category. This reclassification was disclosed in the Letter of Offer dated 27th October 2025.

Share Transfer Details

The outgoing promoter transferred their entire shareholding through off-market transactions pursuant to a Share Purchase Agreement (SPA) dated 26th June 2025. The transfer details are as follows:

Regulatory Compliance

Grand Foundry Limited confirmed that the outgoing promoter does not exercise control over the company and that all special rights available to them have been terminated. The company stated that it has complied with the conditions prescribed under Regulation 31A(3)(b) & (c) of the SEBI LODR Regulations. The disclosure was signed by Sonia Arora, Company Secretary and Compliance Officer, on 15th May 2026.

Grand Foundry Limited's Board of Directors convened on May 7, 2026, and approved the audited financial results for the quarter and financial year ended March 31, 2026, under Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s A N S K & Associates, Chartered Accountants (FRN: 026177N), issued an unmodified opinion on the audited financial results. The company's Chief Financial Officer, Nitin Gupta, submitted the requisite declaration under Regulation 33(3)(d) confirming the unmodified audit opinion. The board meeting commenced at 3:30 PM and concluded at 5:30 PM. Subsequently, pursuant to Regulation 47(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published a newspaper advertisement of its audited standalone financial results for the quarter and year ended March 31, 2026, in Financial Express (English) and Aapla Mahanagar (Marathi) on May 8, 2026. The filing was submitted by Sonia Arora Ahuja, Company Secretary & Compliance Officer (M. No. A25863).

Financial Performance: Turnaround to Profitability

Grand Foundry Limited recorded a notable operational turnaround in FY26, generating revenue from operations of ₹1,052.56 lakhs — entirely from Q4 FY26 — compared to nil revenue in FY25. The company reported a net profit of ₹18.13 lakhs for the full year FY26, reversing a net loss of ₹68.06 lakhs in FY25. The following table summarises the key financial results:

EPS is not annualised for the quarter periods. Face value of equity share: ₹4.00. Weighted average equity shares outstanding: 3,04,30,000.00.

Balance Sheet Highlights

The company's total assets stood at ₹1,336.72 lakhs as at March 31, 2026, compared to ₹0.54 lakhs as at March 31, 2025, reflecting the commencement of business operations during FY26. Key balance sheet items are presented below:

As at March 31, 2026, the company carried accumulated losses of ₹545.34 lakhs, compared to ₹563.47 lakhs as at March 31, 2025. The management has stated that financial statements have been prepared on a going concern basis, supported by anticipated profits from unsold inventory, existing customer contracts, and continued financial support from directors.

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was ₹(54.91) lakhs, compared to ₹(69.61) lakhs in the prior year. There were no investing activities during either period. Net cash from financing activities was ₹64.69 lakhs in FY26, driven by proceeds from long-term borrowings of ₹679.22 lakhs, partially offset by repayment of short-term borrowings of ₹(558.29) lakhs and finance costs of ₹(56.24) lakhs. Cash and cash equivalents at the end of FY26 stood at ₹10.14 lakhs, up from ₹0.36 lakhs at the end of FY25.

Corporate Developments and Ownership Changes

The company disclosed significant ownership changes during the period under review:

• Share Purchase Agreement (June 26, 2025): Existing promoters acquired 2,13,50,260 equity shares, and a further 1,380 equity shares through an Open Offer dated July 3, 2025, at a price of ₹2 per equity share, aggregating their shareholding to 70.17%.
• New Promoter Agreement (March 3, 2026): Existing promoters entered into a Share Purchase Agreement with SAR Televenture Limited for transfer of 2,13,51,740 equity shares, representing 70.17% of the total paid-up equity share capital.
• Open Offer (March 16, 2026): SAR Televenture Limited made an Open Offer for acquisition of up to 79,11,800 equity shares at a price of ₹2.50 per equity share, representing 26% of the paid-up equity share capital. The acquisition and Open Offer process is expected to be completed by June 2026.

The company is engaged in the business of telecom and communication equipment, including cables, optical fiber systems, and networking hardware, and operates as a single reporting segment under Ind AS 108. The company's taxable income for FY26 has been adjusted against brought-forward business losses under the Income-tax Act, 1961, and accordingly, no provision for current tax has been made for the year ended March 31, 2026. The Trading Window of Grand Foundry Limited is set to open from May 10, 2026.