Grand Foundry Limited has scheduled an Extraordinary General Meeting (EGM) on Thursday, August 13, 2026, to seek shareholder approval for changing its name to Tikona Communication Limited. The meeting, to be held via video conferencing at 12:00 PM IST, will also consider the appointment of four directors and the approval of borrowing limits up to ₹3,000 crore. The cut-off date to determine shareholder eligibility for voting is Thursday, August 6, 2026.

The Board proposes to appoint Mr. Arun Goel as a Non-Executive Independent Director for a term of five years from July 9, 2026, to July 8, 2031. Additionally, the Board seeks approval for the regularization and appointment of Mr. Vikas Tandon as Whole-time Director and Mr. Deepak Chaudhary as Managing Director, both for a five-year tenure commencing July 9, 2026. Their remuneration is proposed at up to ₹50,000 per month for a tenure of three years. Mr. Paramjit Singh is proposed to be appointed as a Non-Executive Non-Independent Director.

Shareholders will also vote on special resolutions to authorize the Board to borrow funds and create charges on assets up to an aggregate limit of ₹3,000 crore. These approvals are intended to facilitate the company's expansion into telecommunications infrastructure and allied digital communication services. The company has received a Name Availability Letter from the Ministry of Corporate Affairs confirming the availability of the proposed name.

Ms. Loveleen Gupta has been appointed as the Scrutinizer to oversee the e-voting process. Remote e-voting will commence on August 10, 2026, at 9:00 AM IST and conclude on August 12, 2026, at 5:00 PM IST. The statutory auditors, Agarwal & Saxena Chartered Accountants, have issued a certificate confirming compliance with SEBI regulations for the name change, noting that the company's entire revenue is derived from telecom and allied business activities.

Grand Foundry Limited has reconstituted its Board of Directors and Key Managerial Personnel following the acquisition of control and management by SAR Televenture Limited. The Board approved the appointment of Mr. Deepak Chaudhary as Managing Director and Mr. Vikas Tandon as Whole-time Director for a period of five years effective July 9, 2026, subject to shareholder approval. The decisions were taken during a Board meeting held on July 9, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Appointments

Based on the recommendation of the Nomination and Remuneration Committee, the Board appointed Mr. Deepak Chaudhary (DIN: 08215601) as an Additional Director designated as Executive Director and Managing Director. Mr. Chaudhary brings over 25 years of experience in the telecom infrastructure industry. The Board also appointed Mr. Vikas Tandon (DIN: 08001501) as an Additional Director designated as Whole-time Director. Mr. Tandon is a Chartered Accountant and currently serves as the Whole-time Director and Chief Financial Officer of SAR Televenture Limited.

The Board further approved the appointment of Mr. Paramjit Singh as a Non-Executive Non-Independent Director and Mr. Arun Goel as a Non-Executive Independent Director for a term of five years. Mr. Kamal Garg was appointed as the Chief Financial Officer and Key Managerial Personnel effective July 9, 2026.

Resignations and Change in Control

Consequent to the acquisition of control by SAR Televenture Limited, the Board noted the resignations of several directors and the Chief Financial Officer. Mr. Gaurav Goyal resigned as Managing Director, Mr. Rakesh Kumar Bansal as Whole-time Director, and Mr. Saurabh Goyal as Non-Executive Director, effective from the close of business hours on July 9, 2026.

Ms. Aishwarya Singhvi resigned as Non-Executive Independent Director to ensure compliance with the provisions of the Companies Act, 2013, and SEBI Listing Regulations regarding the independence of directors. Mr. Nitin Gupta also resigned as Chief Financial Officer. All outgoing officials confirmed there were no material reasons for their resignations other than those stated in their resignation letters.

Key Managerial Personnel and Operational Changes

The Board revised the list of authorised persons for determining materiality and making disclosures to stock exchanges. The updated list includes Mr. Deepak Chaudhary, Mr. Vikas Tandon, Ms. Sonia Arora, and Mr. Kamal Garg. Additionally, the Board approved changing the place of keeping the books of account and other relevant papers from New Delhi to Noida, Uttar Pradesh, effective July 9, 2026.