Grand Foundry Limited has informed the Exchange regarding Change in Auditors of the company.
Awaiting price reaction for this filing.
Grand Foundry Limited has informed the stock exchanges that both its Statutory Auditor (M/s Ashwani & Associates) and Internal Auditor (M/s Ajay Kanjhlia & Associates) have resigned with effect from 6th January 2026. The Statutory Auditor was originally appointed on 29th September 2023 with a term scheduled to run until 28th September 2028, meaning the resignation came about two years before the term's end. Both auditors cited pre-occupation with other professional assignments as the reason for stepping down. Neither auditor flagged any concerns, governance issues, or disputes with management, and the Internal Auditor confirmed completing its Q3 (Oct-Dec 2025) report dated 3rd January 2026. The filing is a revised version of an earlier intimation that had inadvertently missed attaching the required SEBI-prescribed details.
Auditor exits mid-term can sometimes raise red flags for investors, but here the reasons given are routine (workload elsewhere) and both auditors explicitly stated they had no concerns to report. Shareholders should watch for the appointment of new auditors and any subsequent changes in audit timelines or findings.