Please refer to the attached Annual report
Awaiting price reaction for this filing.
Grand Foundry Ltd (BSE: 513343, NSE: GFSTEELS) has filed the notice for its 34th AGM to be held on June 30, 2026 at 1:00 PM via video conferencing, along with the annual report for FY 2025-26. The agenda includes adopting audited FY26 financials, re-appointment of Managing Director Mr. Gaurav Goyal (who retires by rotation, holding 56.13% shares), and appointing M/s Agarwal & Saxena as new statutory auditors for five years after the existing auditors declined to continue. For FY 2025-26, the company reported revenue from operations of Rs. 1,052.56 lakhs versus nil in the previous year, swinging to a profit before tax of Rs. 18.13 lakhs from a loss of Rs. 68.06 lakhs, with EPS of Rs. 0.06 versus Rs. -0.22. The turnaround follows a change in management and control in January 2026, with the new promoter group entering the company and diversifying into telecom and fibre services. No dividend has been recommended.
This is primarily a routine AGM/annual report submission, so limited direct stock-price impact. However, investors should note the turnaround from a loss to profit driven by new management and entry into telecom services, the change in promoter group and statutory auditor, and the absence of a dividend as profits are being retained for growth.