Pursuant to Regulation 30 and Regulation 33 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board ....
Awaiting price reaction for this filing.
The Board of Grand Foundry Ltd approved unaudited standalone financial results for the quarter ended 30 June 2025 at its meeting held on 13 August 2025. Total income collapsed sharply to about Rs. 2.05 lakhs, compared with Rs. 205 lakhs in the same quarter last year. The company reported a loss of Rs. 13.69 lakhs for Q1 FY26, narrower than the Rs. 68.06 lakh loss in Q1 FY25, with negative basic and diluted EPS of Rs. 0.05. Statutory auditor Ashwani & Associates issued an unqualified limited review report but flagged as an 'Other Matter' that the stock is under Graded Surveillance Measures (GSM) Stage 3 on both NSE and BSE. Additionally, promoters signed a Share Purchase Agreement on 26 June 2025 to sell their entire 70.16% stake, triggering a mandatory Open Offer on 3 July 2025 for 26% of equity at just Rs. 2 per share.
Sharply falling revenue, continuing losses, and GSM Stage 3 surveillance point to serious business and liquidity stress; retail investors should note heightened exchange scrutiny, restricted trading, and the deeply discounted Rs. 2 open offer price which signals an exit by existing promoters and likely change of control at very low valuations.