GFSTEELS

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.

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.

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.