Grand Foundry Limited has informed the Exchange regarding Resignation of Mr. Vijay Paul Kaushal as Chief Executive Officer of the company w.e.f. Jun 20, 2025.
Awaiting price reaction for this filing.
Grand Foundry Limited has announced a leadership change at the top, effective June 20, 2025. Mr. Vijay Paul Kaushal has resigned as both Executive Director and Chief Executive Officer of the company, citing pre-occupation with other activities. In his place, the Board has appointed Mr. Ashish Kumar (DIN: 08052525) as Additional Executive Director and CEO, with a 5-year term as CEO subject to shareholder approval at the next AGM. The appointment was approved at a Board meeting held on June 20, 2025, based on the recommendation of the Nomination and Remuneration Committee. Mr. Ashish Kumar is not on the board of any other listed entity and has no disclosed relationship with existing directors.
This is a routine CEO transition with a successor already in place, which should limit any disruption. The new CEO's 5-year term signals management's intent toward long-term continuity, but investors should watch for the new leader's strategic direction in upcoming quarterly results.