SAR Televenture Limited has acquired a 70.17% majority stake in Grand Foundry Limited at an offer price of ₹2.50 per share. The acquisition was executed pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The open offer for the remaining shares saw minimal participation, with only 910 shares accepted against the proposed 79,11,800 shares.

The transaction involved the acquisition of 2,13,51,740 shares via a share purchase agreement. Although the Detailed Public Statement was published on March 10, 2026, the equity shares under the agreement had not yet been transferred to the acquirer's name at the time of the post-offer announcement. The offer period opened on June 9, 2026, and closed on June 22, 2026, with the last date for payment of consideration set for July 7, 2026.

D & A Financial Services (P) Limited acted as the manager to the offer, while Beetal Financial & Computer Services (P) Ltd. served as the registrar. The post-offer advertisement was published on July 8, 2026, in compliance with Regulation 18(12) of the SEBI (SAST) Regulations, 2011.

The following table details the proposed and actual outcomes of the acquisition:

Following the completion of the offer process, SAR Televenture Limited holds 2,13,52,650 shares, representing 70.17% of the paid-up share capital of Grand Foundry Limited. The public shareholding consequently stands at 90,77,350 shares, or 29.83% of the total equity. The acquirer has accepted full responsibility for the information contained in the post-offer advertisement and for fulfilling obligations under the SEBI regulations.