Grand Foundry Limited has informed the Exchange about General Updates
Awaiting price reaction for this filing.
Three existing promoters of Grand Foundry Limited — Heena Ashok Mehta, Minal Kiran Jangla, and Namita Hiten Jangla — have asked the company to reclassify them from the 'Promoter' category to the 'Public' category under SEBI LODR Regulation 31A(10). The request is based on the fact that they have already sold their entire shareholding of 2,13,33,750 equity shares to a new promoter, with the open offer completed on 20 January 2023. They currently hold zero shares and are no longer involved in the company's management or day-to-day affairs. The company's Board will consider this reclassification request at its upcoming meeting scheduled for 21 April 2025.
This is a procedural cleanup announcement — the actual promoter change and share transfer already happened in 2022-2023. Once the Board approves the reclassification, the company's promoter group composition will be formally updated to reflect the new promoter, which may improve clarity on the shareholding structure for investors.