Grand Foundry Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
Grand Foundry Limited (GFSTEELS) submitted its unaudited standalone financial results for the quarter ended June 30, 2025, approved by the Board on August 13, 2025. The company reported a loss of approximately Rs. 14.69 lakhs in Q1 FY26, an improvement from a loss of Rs. 20.81 lakhs in Q1 FY25, but the full-year FY25 ended with a loss of Rs. 68.06 lakhs. The statutory auditor (Ashwani & Associates) issued an unqualified limited review report, though it flagged that the stock is under Graded Surveillance Measures (GSM) Stage 3 on both NSE and BSE as an 'Other Matter'. Additionally, promoters entered into a Share Purchase Agreement on June 26, 2025 to sell their 70.16% stake, triggering a mandatory Open Offer for 26% of paid-up capital at Rs. 2 per share. The company operates in a single segment — Bright Steel Bars.
Shares remain under GSM Stage 3 with restricted trading, and the company continues to post losses, which are negative signals for retail investors. However, the loss narrowed quarter-on-quarter and a change of control via the promoter stake sale could bring in new management and a potential business turnaround, but carries open offer risk at a low price of Rs. 2/share.