The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gaurav Goyal
Awaiting price reaction for this filing.
Gaurav Goyal has disclosed the acquisition of 1,70,80,288 equity shares of Grand Foundry Limited, representing 56.13% of the company's paid-up equity share capital, under Regulation 29(1) of the SEBI Takeover Regulations. The acquisition was carried out off-market through a Share Purchase Agreement pursuant to an open offer, with the transaction date being 2nd January 2026 and the disclosure filed on 5th January 2026. Before this acquisition, Gaurav Goyal held Nil shares in the company, and post-acquisition his holding stands at 56.13%, making him a new promoter of the company. Rakesh Kumar Bansal is mentioned as a Person Acting in Concert (PAC) who will also become a promoter. Grand Foundry has a total equity share capital of Rs. 12.17 crore divided into 3,04,30,000 equity shares of Rs. 4 each.
This is a change-of-control event – a new promoter group has taken over the company by acquiring a majority 56.13% stake through an open offer mechanism. Shareholders should expect increased promoter-driven activity, potential changes in strategy/management, and typical takeover-related stock price volatility in the near term.