Grand Foundry Limited has informed the Exchange regarding Board meeting held on Jun 20, 2025
Awaiting price reaction for this filing.
Grand Foundry Ltd held a board meeting on June 20, 2025, where it approved the appointment of Mr. Ashish Kumar (DIN: 08052525) as Additional Executive Director and Chief Executive Officer for a 5-year term. Mr. Ashish Kumar does not currently hold directorship in any other listed entity. Simultaneously, Mr. Vijay Paul Kaushal (DIN: 10197853) resigned from the positions of Executive Director and CEO, citing pre-occupation with other activities, effective from close of business hours on June 20, 2025. The resigning director confirmed no other material reasons for his exit. Ms. Shivani Jain continues as Director and CFO.
This is a routine leadership transition where one director/CEO exits and a new appointee takes over both roles on the same day, which may bring short-term uncertainty but signals continuity in strategic oversight. Shareholders will need to approve Mr. Ashish Kumar's directorship at the upcoming AGM.