Latest news about Tikona Communication
Grand Foundry announces merger with XYZ Foundries to boost production
Tikona Communication
46.38
-0.94(-1.99%)
Company Performance:
View Company Insights1D-1.99%
1M+82.31%
6M0.00%
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5Y+706.61%
More news about Tikona Communication
17Sept 26
Grand Foundry acquires 62% stake in Tikona Infinet for ₹99.22 crore
Grand Foundry acquires 62.01% stake in Tikona Infinet for ₹99.22 crore. Consideration discharged via ₹99.19 crore in secured NCDs and ₹3 lakh cash. NCDs carry coupon rates of 1% (36-month) and 6% (12-month) p.a. Target company reported turnover of ₹218.86 crore in FY25. Deal expected to close by March 31, 2027.
14Sept 26
Grand Foundry board to consider NCDs for Tikona Infinet acquisition
Board meeting scheduled for September 17, 2026. Agenda includes NCD issuance for Tikona Infinet acquisition. Equity fundraising via preferential allotment also considered. Trading window closed for insiders until 48 hours post-meeting.
22Jul 26
Grand Foundry files unaudited Q1FY26 standalone results
Grand Foundry Ltd filed its unaudited standalone financial results for the quarter ended June 30, 2026, with the BSE and NSE on July 21, 2026, following Board approval on July 20, 2026.
20Jul 26
Grand Foundry seeks name change to Tikona Communication
Grand Foundry Limited has announced an Extraordinary General Meeting on August 13, 2026, via video conferencing, to approve changing its name to Tikona Communication Limited. The agenda includes the appointment of Mr. Deepak Chaudhary as Managing Director and Mr. Vikas Tandon as Whole-time Director, along with resolutions to authorize borrowing and asset charges up to ₹3,000 crore to support its telecom business expansion.
11Jul 26
Grand Foundry appoints Deepak Chaudhary as MD after SAR Televenture acquisition
Grand Foundry Limited reconstituted its Board of Directors and Key Managerial Personnel following the acquisition of control by SAR Televenture Limited. The Board appointed Mr. Deepak Chaudhary as Managing Director and Mr. Vikas Tandon as Whole-time Director for five years effective July 9, 2026, subject to shareholder approval. Additionally, Mr. Paramjit Singh and Mr. Arun Goel were appointed as Non-Executive Directors. Consequent to the change in control, Mr. Gaurav Goyal, Mr. Rakesh Kumar Bansal, Mr. Saurabh Goyal, Ms. Aishwarya Singhvi, and Mr. Nitin Gupta resigned from their respective positions. The Board also updated the list of authorised persons and changed the registered location of books of account to Noida.
08Jul 26
SAR Televenture acquires 70.17% stake in Grand Foundry
SAR Televenture Limited acquired a 70.17% stake in Grand Foundry Limited at ₹2.50 per share. The open offer saw only 910 shares tendered and accepted. The acquirer's post-offer shareholding is 70.17%, while public shareholding is 29.83%.
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