GFSTEELS
Grand Foundry Limited
NSEFiling History
Recent corporate announcements and filings for GFSTEELS
Routine
Neutral
2026-10-09 17:49
- Grand Foundry Limited is changing its name to Tikona Communication Limited.
- The trading symbol will change from GFSTEELS to TIKONA.
- The changes will be effective from October 15, 2026.
Governance
Neutral
2026-10-06 17:38
- Grand Foundry Limited (renamed to Tikona Communication Limited) has called an Extraordinary General Meeting (EGM) scheduled for October 28, 2026.
- Proposed increasing Authorised Share Capital from ₹30.10 Crores to ₹138 Crores and issuing convertible warrants and equity shares on a preferential basis.
- Proposed acquisition of a 90.82% stake in Fusionnet Web Services Limited for ₹256.84 Crores through the issuance of redeemable preference shares.
- Seeking approval for material related party transactions with holding company SAR Televenture Limited up to ₹500 Crores and adoption of a new set of Articles of Association.
Governance
Neutral
2026-10-06 11:41
Grand Foundry Limited has submitted a revised certificate under Regulation 45(3) of SEBI LODR Regulations from a practicing chartered accountant.
- The certificate confirms compliance for changing the company's name from 'Grand Foundry Limited' to 'Tikona Communication Limited'.
- The name change reflects the company's diversification into telecommunications infrastructure and digital communication services.
Governance
Positive
2026-10-01 18:44
- Grand Foundry Limited (soon to be Tikona Communication Limited) approved issuing up to 1,04,00,000 equity shares at ₹10 each (aggregating ₹10.40 Crore) and up to 8,84,50,000 convertible warrants at ₹10 each (aggregating ₹88.45 Crore) on a preferential basis.
- The Board approved acquiring a 90.82% stake (1,28,09,761 equity shares) in Fusionnet Web Services Limited from SAR Televenture Limited for ₹256.84 Crore, discharged via 3.20% Redeemable Cumulative Non-Convertible Preference Shares.
- An Extra-Ordinary General Meeting (EGM) is scheduled for October 28, 2026, with a cut-off date of October 21, 2026, to seek shareholder approvals.
Ownership
Neutral
2026-09-29 15:18
- Sar Televenture Limited acquired 2,13,51,740 equity shares representing 70.17% of the company, resulting in a change in control and management.
- Erstwhile promoters Mr. Rakesh Kumar Bansal and Mr. Gaurav Goyal have transferred their entire shareholdings and ceased to hold any shares or voting rights.
- The company received requests from the erstwhile promoters for re-classification from 'Promoter/Promoter Group' to 'Non-Promoter/Public' category under Regulation 31A of SEBI LODR Regulations.
- The company has also changed its name from Grand Foundry Limited to Tikona Communication Limited.
Routine
Neutral
2026-09-28 17:05
- Trading window closed for Designated Persons and immediate relatives from October 1, 2026.
- Closure remains until 48 hours after declaration of Q2 FY27 unaudited financial results.
- Board meeting date will be intimated in due course.
Business Update
Positive
2026-09-17 16:22
- Tikona Communication's Board approved the acquisition of 62.01% equity shareholding in Tikona Infinet Private Limited for an aggregate consideration of INR 99,22,00,380.
- The consideration will be discharged partly by issuing Secured, Unlisted, Non-Convertible Debentures (NCDs) aggregating Rs. 99,19,00,000/- on a private placement basis, with the balance in cash.
- The Board also decided to defer the issuance of Convertible Warrants by way of Preferential Allotment for further consideration.
Business Update
Positive
2026-09-12 18:11
- Tikona Communication Ltd. acquired 62.01% equity shares of Tikona Infinet Private Limited.
- The acquisition is for an aggregate consideration of INR 99,22,00,380 via Non-Convertible Debentures.
- Tikona Infinet Private Limited, engaged in wireless broadband services, reported a turnover of INR 218.86 Cr for FY25.
- The acquisition aims to expand the company's presence in the telecom sector and achieve operational synergies.
- Completion is expected by March 31, 2027.
Governance
Neutral
2026-09-11 14:56
- Company name changed from "Grand Foundry Limited" to "Tikona Communication Limited".
- The change is effective from September 11, 2026, following approval by the Registrar of Companies (MCA).
- The Memorandum and Articles of Association have been altered accordingly.
Governance
Neutral
2026-08-13 17:45
- Grand Foundry Limited held its Extra Ordinary General Meeting on August 13, 2026.
- Shareholders approved all 11 resolutions with the requisite majority.
- Key approvals included the appointment of Directors (Independent, Whole-time, and Managing Directors), change of the company name, enhancement of borrowing limits, and approval for various financial powers.
Governance
Neutral
2026-08-13 17:41
- Grand Foundry Limited held its 01st Extra-Ordinary General Meeting (EGM) on August 13, 2026, via Video Conferencing.
- Key resolutions approved include the appointment of various directors (Independent, Whole-time, Managing, Non-Executive Non-Independent), change of Company Name, and approval of increased borrowing limits.
Governance
Neutral
2026-07-20 16:47
- EGM on August 13, 2026, to approve director appointments/regularizations for Mr. Arun Goel (Non-Executive Independent Director), Mr. Vikas Tandon (Whole-time Director with remuneration), Mr. Deepak Chaudhary (Managing Director with remuneration), and Mr. Paramjit Singh (Non-Executive Non-Independent Director).
- Proposed change of company name from 'Grand Foundry Limited' to 'Tikona Communication Limited'.
- Approval for borrowing, loan, guarantee, and investment limits up to ₹3,000 Crore.
Financials
Negative
2026-07-20 13:49
CRITICAL RED FLAG DETECTED
- Consolidated Revenue ₹1,964.91 Lakhs for Quarter Ended June 30, 2026 (YoY comparison not calculable due to previous year's blank revenue data).
- EBITDA ₹224.63 Lakhs for Quarter Ended June 30, 2026 vs ₹(4.24) Lakhs for Quarter Ended June 30, 2025, indicating a strong turnaround from loss.
- PAT ₹211.08 Lakhs for Quarter Ended June 30, 2026 vs ₹(14.69) Lakhs for Quarter Ended June 30, 2025, moving from loss to profit.
- EBITDA Margin 11.43% for Quarter Ended June 30, 2026.
- The company's equity shares are temporarily restricted in NSE and BSE under Graded Surveillance Measures (GSM) Stage 3.
- Board approved changing the company name from "Grand Foundry Limited" to "Tikona Communication Limited", subject to shareholder and regulatory approvals.
- An Extra-Ordinary General Meeting (EGM) is scheduled for August 13, 2026, to approve the name change and other matters.
Governance
Neutral
2026-07-09 13:54
CRITICAL RED FLAG DETECTED
- Board approved appointments of Mr. Deepak Chaudhary as MD, Mr. Vikas Tandon as WTD, Mr. Arun Goel as Independent Director, and Mr. Kamal Garg as CFO.
- Noted resignations of the previous MD, WTD, Independent Director, and CFO, all consequent to the acquisition of control by SAR Televenture Limited.
Governance
Negative
2026-07-09 13:51
CRITICAL RED FLAG DETECTED
- Grand Foundry Limited's board was reconstituted on July 9, 2026, following SAR Televenture's acquisition of control.
- This included appointments of new Managing Director, Whole-time Director, Independent Director, Non-Executive Director, and CFO, replacing the previous incumbents who resigned.
Governance
Neutral
2026-06-30 19:23
- Grand Foundry Limited appointed M/s Agarwal & Saxena, Chartered Accountants, as Statutory Auditors for a five-year term.
- The appointment was approved at the 34th Annual General Meeting held on June 30, 2026.
- This change is consequent upon the completion of the tenure of the existing auditors.
Governance
Neutral
2026-06-30 19:19
- Annual General Meeting (AGM) held on June 30, 2026.
- The company disclosed the voting results and Scrutinizer's Report for the AGM.
- All resolutions were passed with the requisite majority, including the adoption of FY26 financial statements, re-appointment of Director Mr. Gaurav Goyal, and appointment of M/s Agarwal & Saxena as Statutory Auditor.
Governance
Neutral
2026-06-30 19:15
- The 34th Annual General Meeting of Grand Foundry Limited was held on June 30, 2026, via Video Conferencing.
- Members adopted the annual audited financial statements for FY 2025-26.
- Mr. Gaurav Goyal was re-appointed as Director.
- M/s Agarwal & Saxena were appointed as Statutory Auditors.
Routine
Neutral
2026-06-23 13:18
- Trading window closed from July 1, 2026, for Directors and Designated Persons. It will remain closed until 48 hours after the declaration of Un-audited Financial Results for the quarter ended June 30, 2026.
Routine
Neutral
2026-06-05 15:02
New Filing detected. See link for details.
Governance
Neutral
2026-06-04 19:17
- Board Meeting held on June 4, 2026, approved:
- Appointment of M/s Agarwal & Saxena, Chartered Accountants, as Statutory Auditors for a term of five consecutive years.
- Appointment of M/s Goyal Mittal & Associates LLP as Internal Auditor, effective June 4, 2026.
- Convening the 34th Annual General Meeting (AGM) on June 30, 2026, at 1:00 P.M. (IST) through Video Conferencing.
- Fixed June 23, 2026, as the cut-off date for e-voting for the AGM.
Routine
Neutral
2026-06-04 19:14
New Filing detected. See link for details.
Ownership
Neutral
2026-05-15 16:37
Grand Foundry Limited announced the completion of an Open Offer by Mr. Rakesh Kumar Bansal and Mr. Gaurav Goyal on January 5, 2026. Following this, Ms. Madhu Garg has been reclassified from the Promoter/Promoter Group to the 'Public' category. Her entire shareholding of 21,350,360 shares (70.16% of paid-up capital) was transferred off-market to the acquirers between December 2025 and January 2026 at ₹1.40 per share, as per a Share Purchase Agreement dated June 26, 2025. The Open Offer was made to acquire an additional 26% of equity shares at ₹2 per share, leading to a change in control and management.
Ownership
Neutral
2026-05-14 15:01
Grand Foundry Limited submitted a disclosure on May 14, 2026, regarding the re-classification of Ms. Heena Ashok Mehta, Ms. Minal Kiran Jangla, and Ms. Namita Hiten Jangla from the 'Promoter/Promoter Group' to the 'Public' category. The application was initially filed with the Exchange on April 23, 2025, under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financials
Neutral
2026-05-12 12:58
Grand Foundry Limited's Board of Directors has approved the audited financial results for the quarter and financial year ended March 31, 2026. The company has received an unmodified audit opinion from M/s ANSK & Associates, Chartered Accountants. This filing announces the approval and audit report but does not include the detailed financial figures themselves.