Grand Foundry Limited has informed stock exchanges about the immediate resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key managerial personnel structure.

Leadership Change Details

Ms. Nalini Singh has tendered her resignation from the position of Company Secretary and Compliance Officer, effective from the close of business hours on January 8, 2026. The resignation was communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with regulatory requirements.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Director Saurabh Goyal signed the official communication, which included all required details as specified under Schedule III of the SEBI Listing Regulations.

The resignation letter, dated January 8, 2026, specifically requested the Board of Directors to acknowledge receipt and arrange filing of necessary forms with the Registrar of Companies, Ministry of Corporate Affairs. Ms. Singh also emphasized the need for proper intimation to stock exchanges to formalize the resignation process.

Corporate Structure Impact

As a Key Managerial Personnel, the Company Secretary and Compliance Officer position plays a crucial role in ensuring regulatory compliance and corporate governance. The immediate nature of the resignation requires the company to address the vacancy promptly to maintain continuity in compliance functions and statutory obligations.

The company's communication to exchanges demonstrates adherence to transparency requirements, providing stakeholders with timely information about changes in key management positions.

Grand Foundry Limited has announced the simultaneous resignation of both its statutory and internal auditors, effective immediately from January 6, 2026. The company informed BSE Limited and National Stock Exchange of India Limited about this development on January 7, 2026, in compliance with regulatory requirements.

Auditor Resignations Details

Both audit firms submitted their resignation letters on January 6, 2026, citing similar reasons for their departure. The resignations became effective immediately from the close of business hours on the same date.

Reasons for Resignation

Both audit firms provided identical explanations for their departure from Grand Foundry Limited. M/s Ashwani & Associates stated they were "not in a position to continue as statutory auditor" due to pre-occupation with other assignments. Similarly, M/s Ajay Kanjhlia & Associates mentioned their "other professional commitments" restricted their ability to "continue to devote sufficient time and attention to the internal audit functions of the Company."

Regulatory Compliance and Disclosures

Grand Foundry Limited has fulfilled its obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under various SEBI circulars, including Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023, and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Auditor Confirmations

Both departing audit firms provided clean exit confirmations. M/s Ajay Kanjhlia & Associates specifically stated in their resignation letter that "we have not observed any matters which, in our opinion, require reporting or disclosure to the Board of Directors or members of the Company under the provisions of the Companies Act, 2013." The internal auditors also expressed appreciation for the cooperation and support received from the Board of Directors and management during their association with the company.

Company Communication

The formal communication was signed by Nalini Singh, Company Secretary and Compliance Officer of Grand Foundry Limited. The company has requested both stock exchanges to take note of these changes for their information and records. Grand Foundry Limited trades on BSE with scrip code 513343 and on NSE with the symbol GFSTEELS.