Grand Foundry Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Madhu Garg, on behalf of herself and the promoter/promoter group of Grand Foundry Limited, has filed a compliance declaration with BSE and NSE as required under SEBI's takeover regulations. As on March 31, 2025, the promoters collectively hold 2,13,50,360 equity shares of the company. The promoter has confirmed that no encumbrance (pledge or any other charge) has been created on these shares, directly or indirectly, during the entire financial year 2024-2025. This is a routine annual compliance filing and not a transaction-based announcement.
This is a neutral, compliance-related filing with no impact on share price. It simply confirms that promoters have not pledged or encumbered their holdings during the year, which is mildly reassuring for retail investors regarding promoter confidence in the stock.