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 met on November 13, 2025 and approved unaudited standalone financial results for the quarter and half-year ended September 30, 2025. The company continues to report losses, with a net loss of approximately ₹46.99 lakhs for H1 FY26, though narrower than the ₹68.06 lakhs loss in H1 FY25. The balance sheet shows deeply negative other equity of around ₹(1,827.66) lakhs, resulting in negative total equity of ₹(610.46) lakhs, indicating the company is balance-sheet insolvent. The auditor, Ashwani & Associates, gave an unmodified limited review conclusion but separately highlighted as an 'Other Matter' that trading in the stock is restricted on both NSE and BSE under Graded Surveillance Measures (GSM) Stage 3. Operating cash flows remained negative in the half year.
This is a high-risk, stressed micro-cap — shareholders are staring at negative book value, ongoing losses, negative operating cash flows, and an active GSM Stage 3 surveillance tag from the exchanges, all of which suggest significant going-concern and liquidity concerns.