Please find attached Outcome of Board Meeting held on June 4, 2026
Awaiting price reaction for this filing.
Grand Foundry Ltd's Board met on June 4, 2026, and approved several routine corporate actions. The Board appointed M/s Agarwal & Saxena, Chartered Accountants (established 1984, 11 partners, 75+ professionals), as the new Statutory Auditor for a 5-year term starting from the 34th AGM until the 39th AGM, subject to shareholder approval. This replaces M/s ANSK & Associates, who were appointed in February 2026 to fill a casual vacancy and whose term ends at the upcoming AGM. The Board also appointed M/s Goyal Mittal & Associates LLP as the Internal Auditor effective June 4, 2026. Additionally, the Board fixed June 30, 2026, at 1:00 PM as the date for the 34th AGM (to be held via video conferencing), with June 23, 2026, as the e-voting cut-off date.
These are routine governance updates with no material financial impact expected. The statutory auditor transition is a planned rotation rather than a sudden departure, and shareholders will need to approve Agarwal & Saxena's appointment at the upcoming AGM on June 30, 2026.