NewsOrders & DealsGrand Foundry Limited Witnesses Major Ownership Changes with 70.16% Stake SaleGrand Foundry Limited Witnesses Major Ownership Changes with 70.16% Stake Sale
Grand Foundry Limited experienced significant ownership restructuring with Madhu Garg selling her entire 70.16% promoter stake comprising 2,13,50,360 equity shares, while simultaneously Gaurav Goyal acquired 56.13% stake with 17,080,288 shares, becoming the new promoter. Both transactions were executed through off-market share purchase agreements under open offer compliance with SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Grand Foundry Limited has experienced significant ownership restructuring through simultaneous transactions involving substantial equity stake transfers. The company disclosed major shareholding changes under SEBI regulations on January 5, 2026, marking substantial shifts in its ownership structure.
Major Stake Sale Transaction
Madhu Garg, a promoter of Grand Foundry Limited, completed the sale of a substantial equity stake through an open offer transaction. The sale involved 2,13,50,360 equity shares, representing 70.16% of the company's paid-up equity share capital.
| Transaction Details: | Madhu Garg Sale |
|---|---|
| Shares Sold: | 2,13,50,360 equity shares |
| Percentage Stake: | 70.16% |
| Transaction Method: | Off-market share purchase agreement through open offer |
| Transaction Date: | January 2, 2026 |
| Regulatory Filing: | January 5, 2026 |
| Post-Sale Holding: | Nil shares (0%) |
Simultaneous Acquisition by Gaurav Goyal
In a related transaction, Gaurav Goyal acquired 17,080,288 equity shares through a share purchase agreement executed on the same date. This acquisition represents a 56.13% stake in Grand Foundry Limited's paid-up equity share capital.
| Acquisition Parameters: | Gaurav Goyal Purchase |
|---|---|
| Shares Acquired: | 17,080,288 equity shares |
| Percentage Stake: | 56.13% |
| Previous Holding: | Nil shares |
| New Status: | Promoter |
| Acquisition Method: | Off-market share purchase agreement through open offer |
Company Structure and Listing Details
Grand Foundry Limited maintains its equity share capital structure unchanged following these transactions. The company's shares continue to be listed on both major Indian stock exchanges.
| Company Information: | Details |
|---|---|
| Total Equity Capital: | ₹12.17 crores |
| Number of Shares: | 30,430,000 equity shares |
| Face Value: | ₹4.00 per share |
| NSE Symbol: | GFSTEELS |
| BSE Scrip Code: | 513343 |
| Registered Address: | H-35 Connaught Circus, Connaught Place, New Delhi-110001 |
Ownership Transition Analysis
The transactions represent a complete ownership transition, with Madhu Garg exiting her promoter position by selling her entire 70.16% stake, while Gaurav Goyal emerged as the new promoter with a 56.13% controlling stake. The difference between the sold and acquired percentages suggests partial participation in the open offer by other shareholders.
Regulatory Compliance Framework
Both transactions were conducted in full compliance with SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosures under Regulation 29(1) and 29(2) provide comprehensive details of both the acquisition and sale transactions, confirming the absence of any encumbrances, voting rights through other instruments, or convertible securities in either transaction.
18
