Grand Foundry Limited has informed the Exchange regarding change in Registered Office of the company.
Awaiting price reaction for this filing.
Grand Foundry Limited announced a sweeping board overhaul on 5th January 2026. The Executive Director & CEO (Mr. Ashish Kumar), the Executive Director & CFO (Ms. Shivani Jain), three independent directors (Mr. Rajat Kasliwal, Mr. Rahul Bhardwaj, Mr. Rahul Sharma), and a non-executive director (Ms. Shefali Kesarwani) all resigned, citing pre-occupation elsewhere. To fill the gaps, the company appointed Mr. Gaurav Goyal as Managing Director for 5 years, along with his brother Mr. Saurabh Goyal (Non-Executive), their maternal uncle Mr. Rakesh Kumar Bansal (Executive), three new independent directors (Dr. Reena Sharma, Ms. Shilpi Soni, Ms. Aishwarya Singhvi), a new CFO (Mr. Nitin Gupta), and a new Company Secretary (Ms. Sonia Arora). The registered office was also shifted from Andheri East to Bandra East in Mumbai, and the additional books-keeping location moved within Delhi.
This is a significant governance event — the entire top management (CEO and CFO) and three of the independent directors have stepped down on the same day, with promoter-family members (Goyal brothers and their maternal uncle) taking over key board positions. Shareholders should watch for shareholder approvals at the next general meeting and monitor whether the new leadership brings strategic clarity or raises corporate governance concerns.