Resignation of Ms. Shivani jain

Grand Foundry Ltd underwent a sweeping leadership overhaul on 5 January 2026. CEO and Executive Director Ashish Kumar, along with CFO and Executive Director Shivani Jain, both stepped down citing pre-occupation elsewhere. Three independent directors (Rajat Kasliwal, Rahul Bhardwaj, and Rahul Sharma) and one non-executive director (Shefali Kesarwani) also resigned on the same day. In their place, the board appointed Gaurav Goyal as Managing Director, Rakesh Kumar Bansal as Executive Director, Saurabh Goyal as Non-Executive Director, three new independent directors (Reena Sharma, Shilpi Soni, Aishwarya Singhvi), Nitin Gupta as new CFO, and Sonia Arora as Company Secretary. The company also shifted its registered office within Mumbai and changed the additional location for keeping books of accounts from Delhi's Connaught Place to Moti Nagar.