Please reffered to the attached Notice.
Awaiting price reaction for this filing.
Grand Foundry Ltd has called an EGM on 10th February 2026 at 1:00 PM via video conferencing to seek shareholder approval on 12 special business items. Key items include appointment of three new Non-Executive Independent Directors (Aishwarya Singhvi, Reena Sharma, Shilpi Soni) for 5-year terms, regularization and appointment of Mr. Gaurav Goyal as Managing Director and Mr. Rakesh Kumar Bansal as Whole Time Director, each with a remuneration of Rs. 50,000 per month for 3 years. The EGM also seeks shareholder approval to appoint M/s. ANSK & Associates as new Statutory Auditors to fill the casual vacancy left by the resignation of M/s. Ashwani & Associates, and most notably, to alter the Memorandum of Association to add new Main Objects covering telecom equipment manufacturing, broadband/internet services, leased line connectivity, and related digital communications businesses. Remote e-voting opens on 7th February and closes on 9th February 2026, with the cut-off date for voting eligibility set as 3rd February 2026.
This is a significant corporate overhaul — new leadership team, auditor change, and a major potential business pivot for a company named around steel/foundry into the telecom and broadband space. Shareholders should review the MoA amendment carefully as it signals a strategic shift beyond the company's existing core business, which could materially reshape the company's future revenue mix and risk profile.