Annual Report for the FY 2024-25
Awaiting price reaction for this filing.
Grand Foundry Ltd filed its 33rd Annual Report for FY 2024-25 with BSE and NSE. Total revenue (net) fell 26% to ₹2.05 lakhs from ₹2.77 lakhs in the previous year. Net loss widened to ₹68.06 lakhs from ₹56.50 lakhs, with finance costs of ₹38.75 lakhs being a key drag. Management attributed the weak performance to shortage of funds and an ongoing financial crisis. No dividend was recommended due to accumulated losses. The 33rd AGM is scheduled for September 18, 2025 via video conferencing, with agenda items including the appointment of new Secretarial Auditors (M/s L. Gupta & Associates for 5 years) and regularization of Mr. Ashish Kumar as Executive Director and CEO, who replaced Mr. Vijay Paul Kaushal post the financial year-end. The paid-up share capital remains at ₹12.17 crore (3.04 crore equity shares of ₹4 each), with no change during the year.
Shareholders should be concerned about the widening losses and management's explicit admission of a 'financial crisis and shortage of funds' impacting operations. Revenue has collapsed to barely ₹2 lakhs while finance costs of nearly ₹39 lakhs are driving persistent losses — a significant going concern risk worth monitoring. The stock may continue to face downward pressure until business recovery becomes visible.