The Exchange had sought clarification from Grand Foundry Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Segment details not submitted -2. Financial results not signed by authorized signatory/ies The response of the Company is enclosed.
Awaiting price reaction for this filing.
Grand Foundry Limited responded to three queries from NSE about its March 2025 quarter and full-year results: (1) the company said it operates in a single segment (Bright Steel bars), so no separate segment disclosure was needed; (2) the results were duly signed by Executive Director & CFO Shivani Jain and Executive Director Vijay Paul Kaushal, both authorized by the Board; (3) a legible machine-readable copy of the results was now attached. The audited numbers show a wider FY25 net loss of Rs. 68.06 lakhs versus Rs. 56.50 lakhs in FY24, with Q4 FY25 loss of Rs. 15.78 lakhs. The balance sheet is deeply stressed: total assets of just Rs. 0.54 lakhs against negative equity of Rs. (563.47) lakhs, with short-term borrowings of Rs. 558.30 lakhs. The auditor flagged that trading in the stock is temporarily restricted/suspended on NSE and BSE under Graded Surveillance Measures (GSM) Stage IV.
This is a routine clarification filing rather than a fresh negative event, but it draws attention to a very weak balance sheet with negative equity, persistent losses, and an active GSM Stage IV trading curb — investors should treat the stock as high risk and illiquid, with limited near-term recovery visibility.