EGM notice: name change to Tikona, new directors, Rs 3,000 Cr borrowing limit
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Grand Foundry Ltd will hold an EGM on August 13, 2026 at 12:00 PM via video conferencing. Key proposals include changing the company name to Tikona Communication Limited, appointing Mr. Deepak Chaudhary as Managing Director and Mr. Vikas Tandon as Whole-time Director (each at Rs 50,000 per month), plus two other director appointments. Shareholders will also vote on raising borrowing limits to Rs 3,000 Crore and authority for loans, guarantees and investments up to the same amount. Remote e-voting runs August 10 to 12, 2026.
Shareholders should review the name change proposal and the large borrowing authority of Rs 3,000 Crore. E-voting cutoff date is August 6, 2026.