change in registered office
Awaiting price reaction for this filing.
On 5 January 2026, Grand Foundry Ltd held a single board meeting that triggered sweeping changes: the CEO (Mr. Ashish Kumar), the CFO (Ms. Shivani Jain), one Non-Executive Director (Ms. Shefali Kesarwani) and three Independent Directors (Mr. Rajat Kasliwal, Mr. Rahul Bhardwaj and Mr. Rahul Sharma) all resigned, citing pre-occupation elsewhere. Simultaneously, six new directors were appointed: Mr. Gaurav Goyal as Managing Director (5-year term), his brother Mr. Saurabh Goyal as Non-Executive Director, their maternal uncle Mr. Rakesh Kumar Bansal as Executive Director, and three new Independent Directors (Dr. Reena Sharma, Ms. Shilpi Soni, Ms. Aishwarya Singhvi) to fill the vacated independent seats. A new CFO (Mr. Nitin Gupta) and Company Secretary (Ms. Sonia Arora) were also appointed, and the registered office was relocated within Mumbai from Andheri East (Chakala MIDC) to BKC (Bandra East). All resignations carry a confirmation that no material undisclosed reasons exist.
This effectively amounts to a change in board control within a single day — the Goyal family now occupies the Managing Director, an Executive Directorship and a Non-Executive Directorship, which may signal a promoter-family takeover or restructuring of management. Retail investors should watch for any related promoter shareholding changes, related-party transactions, or fresh fundraising, as such concentrated family control with a fully reconstituted board can heighten governance and minority-shareholder risks in the short term.