Grand Foundry Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
Awaiting price reaction for this filing.
Grand Foundry's board approved unaudited standalone results for Q3 FY26 and 9M FY26 on Feb 13, 2026. The company posted a loss of ₹23.62 lakhs in Q3 FY26 versus a loss of ₹15.05 lakhs in Q3 FY25, and a 9M FY26 loss of ₹70.60 lakhs vs ₹52.28 lakhs a year ago. Loss per share stood at ₹0.08 for the quarter and ₹0.23 for nine months, with total expenses (₹23.62 lakhs in Q3) far exceeding revenues (₹2.05 lakhs). The results also note a recent change in control, with new promoters acquiring a substantial stake and an open offer made at ₹2 per share. The auditor flagged an 'Other Matter' regarding the acquisition and highlighted that trading is temporarily restricted under GSM Stage 3 on NSE and BSE.
Continued widening losses and GSM Stage 3 surveillance signal serious financial distress and liquidity concerns for shareholders, while the change in control and open offer at a low price reflect significant promoter-level restructuring that could reshape the company's future direction.