Grand Foundry board reconstituted after SAR Televenture open offer
Awaiting price reaction for this filing.
Following SAR Televenture Limited's takeover of control via open offer, Grand Foundry has fully reconstituted its board. New appointments: Deepak Chaudhary as Managing Director, Vikas Tandon as Whole-time Director, Paramjit Singh as Non-Executive Non-Independent Director, Arun Goel as Independent Director, and Kamal Garg as CFO, all effective July 9, 2026. Existing MD Gaurav Goyal, WTD Rakesh Kumar Bansal, Non-Exec Director Saurabh Goyal, Independent Director Aishwarya Singhvi, and CFO Nitin Gupta resigned on the same date citing the change in control. Registered office records shifted from Delhi to Noida.
Entire board and management replaced; new leadership from SAR Televenture takes control, signaling strategic shift for shareholders.