Grand Foundry Limited has informed the Exchange about change in Management

Grand Foundry Limited announced a top management change effective June 20, 2025. Mr. Vijay Paul Kaushal (DIN: 10197853) resigned as Executive Director and Chief Executive Officer, citing preoccupation with other activities and confirming there are no other material reasons for his exit. On the same day, the board appointed Mr. Ashish Kumar (DIN: 08052525) as Additional Executive Director and CEO for a 5-year term. Mr. Ashish Kumar is described as a visionary leader with a track record in business growth and operational excellence, and is not debarred from accessing capital markets. His appointment as Director will require shareholder approval at the upcoming AGM for FY 2024-25. The transition appears orderly with no disclosed governance concerns.