BSEGrand Foundry LtdMediumNeutral
Announced Tue, 10 Feb · 18:19 IST

PLEASE REFER TO THE ATTACHED DOCUMENT.

Auditor Resigned MidtermManagement Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Grand Foundry Ltd has appointed M/s ANSK & Associates, Chartered Accountants (FRN: 026177N), as its new Statutory Auditor with effect from 10th February 2026. The appointment was approved by shareholders at a meeting held on the same date to fill a casual vacancy caused by the resignation of the previous auditor, M/s Ashwani & Associates. ANSK & Associates is a partnership firm of chartered accountants offering accounting, auditing, taxation, and advisory services since 2013, and is peer-reviewed by ICAI. The intimation was signed by Director Saurabh Goyal and filed with both BSE and NSE.

Likely market impact

The mid-term change in auditors may raise minor governance concerns among investors, as it indicates the previous auditor stepped down before completing their full term. However, the appointment of a peer-reviewed firm suggests continuity in audit oversight.