GFSTEELSNSEGrand Foundry LimitedHighNeutral
Announced Tue, 17 Feb, 2026 · 10:45 IST
Grand Foundry Q3 FY26 results: widened loss, GSM Stage 3 trading curbs
Price reaction
Awaiting price reaction for this filing.
AI summary
Grand Foundry reported Q3 FY26 standalone loss of Rs 23.62 lakh versus Rs 15.05 lakh loss in Q3 FY25. Nine-month loss widened to Rs 70.60 lakh from Rs 52.28 lakh. Revenue from operations is negligible. New promoters acquired 70 percent stake via SPA in June 2025, with open offer for 26 percent more at Rs 2 per share. Trading is restricted under GSM Stage 3 on NSE and BSE. Auditor A N S K and Associates issued an unqualified review but flagged acquisition and GSM curbs as Other Matter.
Likely market impact
Widening losses, GSM Stage 3 curbs, and pending change-of-control accounting keep the stock risky. Negative near-term outlook for shareholders.