Announced Tue, 29 Sept, 2026 · 11:38 IST

SAR Televenture acquires 56.13% in Grand Foundry; holding rises to 70.17%

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

GFSTEELS · price

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹34.07

prior close

₹35.77

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+4.0% vs market

On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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10m

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15m

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30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+5.0+1.0+4.0

Next day

+10.2+0.8+9.5

+12.4-0.5+12.9

+14.6-0.5+15.2

+16.9+0.8+16.1

+19.2+0.5+18.7

+23.3-2.0+25.3

15d

+33.4-6.4+39.8

+20.7-5.9+26.6

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SAR Televenture acquired 1,70,80,288 equity shares (56.13%) of Grand Foundry (now renamed Tikona Communication) from erstwhile promoter Gaurav Goyal via a Share Purchase Agreement dated March 3, 2026, linked to a mandatory open offer under SEBI SAST rules. SAR Televenture's stake rose from 14.04% to 70.17%, making it the new promoter of the listed company.

Likely market impact

Change of control completed at Grand Foundry/Tikona. New promoter SAR Televenture holds 70.17%. Mandatory open offer now triggered for remaining shareholders.