Unaudited Financial Results For The Quarter Ended 30Th June, 2025
Awaiting price reaction for this filing.
Grand Foundry Ltd reported standalone unaudited results for Q1 FY26 (quarter ended June 30, 2025), continuing to post losses. Profit/(Loss) before tax for the quarter stood at approximately Rs. (14.69) lakhs, similar to the loss of Rs. (15.78) lakhs in the preceding quarter ended March 31, 2025, and narrower than the Rs. (20.81) lakhs loss in the same quarter last year (Q1 FY25). For the full FY25, the company reported a loss of around Rs. (66.06) lakhs. EPS remained negative at Rs. (0.05) per share. The auditor (Ashwani & Associates) issued an unqualified limited review report but flagged in an 'Other Matter' paragraph that the company's shares are under Graded Surveillance Measures (GSM) Stage 3 on both NSE and BSE. Separately, the promoters have entered a Share Purchase Agreement dated June 26, 2025, to sell their 70.16% stake (2.13 crore equity shares), with an Open Offer triggered on July 3, 2025 for 26% of capital at Rs. 2 per share.
Continued losses, GSM Stage 3 surveillance on the stock, and a low-priced (Rs. 2) promoter exit open offer are all negative signals for existing shareholders. Shareholders should be cautious as the open offer price of Rs. 2 is likely to act as a near-term reference, and the change in controlling shareholder brings uncertainty about future business direction.