Please refer to the attached outcome with Limited Review Report and Un Audited Financial Result
Awaiting price reaction for this filing.
Grand Foundry Ltd's board approved its unaudited standalone financial results for Q3 FY26 (Dec 31, 2025) and the nine months ended Dec 31, 2025, along with the auditor's limited review report. The company reported a loss before tax of Rs 23.62 lakhs in Q3 FY26 versus Rs 15.05 lakhs in Q3 FY25, and a 9M FY26 loss of Rs 70.60 lakhs versus Rs 52.28 lakhs in 9M FY25, showing widening losses. Diluted EPS for 9M FY26 stood at Rs (0.23). The results disclose a change of control, with new promoters (Rakesh Kumar Bansal and Gaurav Goyal) acquiring about 55% through a Share Purchase Agreement and competing open offer — the financial impact is still being evaluated. The auditor issued an unmodified limited review report but flagged this acquisition and the company's listing under GSM Stage 3 on both NSE and BSE as Other Matters.
Persistent and widening quarterly losses, no visible operating revenue, and an active GSM Stage 3 surveillance restriction on trading are negative for retail investors; the pending change of control and ongoing accounting evaluation add uncertainty about future financial reporting.