The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rakesh Kumar Bansal
Awaiting price reaction for this filing.
Rakesh Kumar Bansal has acquired 42,70,072 equity shares of Grand Foundry Ltd, representing 14.03% of the company's paid-up equity share capital, through a share purchase agreement (off-market). An additional 1,380 shares were acquired through the open offer route. Before this acquisition, his holding was just 1,380 shares (0.004%), and after the deal, his total holding stands at 42,71,452 shares (14.04%). The acquirer is set to become a promoter of the company through the open offer process. The acquisition was completed on 31 December 2025. Grand Foundry's total equity capital is Rs. 12.17 crore, divided into 3.04 crore equity shares of Rs. 4 each.
This is a significant change-of-control event — a new promoter is being inducted via open offer, which could lead to a mandatory open offer to remaining public shareholders. Shareholders should watch for the detailed public announcement of the open offer price and any potential re-rating tied to the change in management.