Grand Foundry Limited has informed the Exchange regarding 'Disclosure u/R31A(8) of SEBI (LODR) Regulation 2015'.
Awaiting price reaction for this filing.
Grand Foundry Limited has disclosed that three persons - Ms. Heena Ashok Mehta, Ms. Minal Kiran Jangla, and Ms. Namita Hiten Jangla - are seeking re-classification from the 'Promoter/Promoter Group' category to the 'Public' category. The company had filed an application with the Exchange on 23rd April, 2025 for this re-classification under Regulation 31A(10). This disclosure is being submitted now following an observation received from the Exchange in this regard. This essentially means these individuals will no longer be considered part of the promoter group holding in the company.
The re-classification of three persons from promoter to public category will reduce the promoter group holding in the company, which could have a mild negative sentiment for existing shareholders as it indicates reduced promoter involvement or possible exit intentions.