Grand Foundry Limited has informed the Exchange about change in Management
Awaiting price reaction for this filing.
Grand Foundry Limited has signed a Share Purchase Agreement on 3rd March 2026 under which Sar Televenture Limited (Acquirer) will buy up to 2,13,51,740 equity shares (70.17% of paid-up capital) from existing promoters Mr. Gaurav Goyal and Mr. Rakesh Kumar Bansal at Rs. 1.50 per share, totalling about Rs. 3.20 crore. The deal includes a complete change in management and control, meaning the existing promoters will cease to be in control and will be declassified, while the board and key managerial personnel will be reconstituted. The transaction is subject to regulatory approvals and the completion of a mandatory open offer under SEBI Takeover Regulations, 2011. Sar Televenture Limited has no prior relationship with the company or its promoters.
This is a change-of-control deal — retail investors should watch for the mandatory open offer price (which must follow SEBI takeover rules and is usually at a premium to the Rs. 1.50 SPA price). Expect a new promoter, fresh board, and potential re-rating or volatility depending on the acquirer's plans and the open offer price.