Grand Foundry Limited has informed the Exchange regarding Change in Director(s) of the company.
Awaiting price reaction for this filing.
Grand Foundry Limited announced a top-level leadership change on June 20, 2025, in a board meeting held from 3:30 PM to 5:00 PM. Mr. Vijay Paul Kaushal resigned from his roles as Executive Director and Chief Executive Officer, citing preoccupation with other activities; his resignation took effect from the close of business hours on the same day. In his place, Mr. Ashish Kumar (DIN: 08052525) has been appointed as Additional Executive Director and CEO for a 5-year term, subject to shareholder approval at the upcoming AGM. Mr. Ashish Kumar does not hold directorship in any other listed entity and has no disclosed relationship with existing directors, and is not debarred by SEBI from holding such office.
This is a complete CEO-level transition happening in a single day, which investors should monitor closely for continuity of operations and any new strategic direction under the incoming CEO. The resignation cites personal pre-occupation rather than governance or performance issues, and the new appointee passes standard regulatory checks, suggesting a routine management change without immediate red flags.