Announced Mon, 20 Jul · 13:36 IST
Grand Foundry Q1 results approved; name change to Tikona Communication
Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionAuditor Mid Year ChangeResults View source PDF
GFSTEELS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Grand Foundry reported Q1 FY27 total income of INR 1,968.31 lakhs and PAT of INR 211.08 lakhs versus a loss of INR 14.69 lakhs in Q1 FY26. Board approved renaming to Tikona Communication Limited, reflecting pivot to telecom equipment. Promoters entered a Share Purchase Agreement to sell 70.17% stake, with open offer at Rs 2.50 per share. Auditor changed from ANSK & Associates to Agarwal & Saxena. Shares remain under GSM Stage 3.
Likely market impact
Major business pivot to telecom, promoter exit at low offer price of Rs 2.50, and stock under GSM Stage 3 surveillance are key risks to monitor.