Please refer to the attached Annual Report
Awaiting price reaction for this filing.
Grand Foundry Ltd has called its 34th AGM on June 30, 2026, at 1:00 PM via video conferencing, alongside the submission of its Annual Report for FY 2025-26. Key agenda items include adopting audited financials, re-appointing Managing Director Mr. Gaurav Goyal (DIN: 00370681) who retires by rotation, and appointing M/s Agarwal & Saxena as new Statutory Auditors for a 5-year term, replacing M/s ANSK & Associates who declined to continue. The company posted revenue from operations of Rs. 1,052.56 lakhs versus nil in FY25, turning around to a net profit of Rs. 18.13 lakhs from a loss of Rs. 68.06 lakhs, with EPS improving to Rs. 0.06 from Rs. (0.22). A change of control occurred during the year via Share Purchase Agreement with erstwhile promoter Ms. Madhu Garg and a completed SEBI-mandated Open Offer on January 5, 2026, after which the entire board was reconstituted and the company diversified into telecom and fibre services. No dividend has been recommended to retain earnings for growth.
Shareholders should note this is effectively a turnaround story — the company swung to operational profitability for the first time under new management, with a pivot into the telecom/fibre sector. The new promoter group holds 56.13% (1,70,80,288 shares), signalling strong promoter commitment, though the small absolute profit size and absence of a dividend may temper near-term excitement.