Grand Foundry Ltd

EGM purpose

• EGM to consider 11 resolutions including appointments, name change, and borrowing powers.

Resolutions overview

• Item 1: Special; Arun Goel appointed Independent Director for five years; not liable to rotate; interest not involved.
• Item 2: Ordinary; Vikas Tandon regularized as Director; appointed from Additional Director; liable to retire by rotation.
• Item 3: Special; Vikas Tandon as Whole-time Director for five years; up to Rs 50,000 monthly; KMP.
• Item 4: Ordinary; Deepak Chaudhary regularized as Director; liable to retire by rotation.
• Item 5: Special; Deepak Chaudhary appointed Managing Director for five years; remuneration up to Rs 50,000 monthly; KMP.
• Item 6: Ordinary; Paramjit Singh appointed Non-Executive Non-Independent Director; liable to rotate.
• Item 7: Special; Change of name to Tikona Communication Limited; MOA/AOA amendments; effective after fresh Certificate of Incorporation.
• Item 8: Special; Borrowing limits up to Rs 3,000 Crore; Board empowered to borrow.
• Item 9: Special; Create mortgage/charge on assets up to Rs 3,000 Crore for borrowings.
• Item 10: Special; Approve loans/guarantees/securities up to Rs 3,000 Crore.
• Item 11: Special; Enable loans, guarantees or investments up to Rs 3,000 Crore under Section 186.

Financial results

• Approved unaudited quarterly results for quarter ended June 30, 2026; Limited Review Report submitted.
• Results to be published in newspapers per SEBI LODR Regulation 47.

Name change

• Board approved change of name from Grand Foundry Limited to Tikona Communication Limited, subject to approvals.

EGM and voting

• Approved notice for Extraordinary General Meeting on Aug 13, 2026 via video conference.
• Cut-off date for remote e-voting fixed as Aug 6, 2026.
• Scrutinizer Loveleen Gupta appointed for remote e-voting and EGM.

Promoter open offer and stake sale

• Promoters to sell 70.17% stake; open offer for 26% at Rs 2.50; completion expected July 2026.

Regulatory status

• Trading of Grand Foundry's equity shares restricted under GSM Stage 3 in NSE/BSE.

Disclosures and notices

• Draft Notice of EGM to be submitted to exchanges and shared on company and exchange websites.

Meeting Details

• Date of meeting: July 20, 2026 (Monday).
• Location: Corporate office of Grand Foundry Limited.
• Time: not disclosed.

Key Agenda Items

• Consider and approve the unaudited financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after the unaudited results declaration.

Board Reconstitution

• Reconstituted board and Key Managerial Personnel effective July 9, 2026.
• Reconstitution follows SAR Televenture acquisition under Open Offer.

Appointments

• Mr. Deepak Chaudhary appointed Managing Director for five years from July 9, 2026.
• Mr. Vikas Tandon appointed Whole-time Director for five years from July 9, 2026.
• Mr. Paramjit Singh appointed Non-Executive Non-Independent Director from July 9, 2026.
• Mr. Arun Goel appointed Non-Executive Independent Director for five years from July 9, 2026.
• Mr. Kamal Garg appointed Chief Financial Officer from July 9, 2026.

Resignations

• Resignations of Independent Director, Managing Director, Whole-Time Director, Non-Executive Director and CFO following acquisition.

Books and Authorised Personnel

• Books of account moved to Noida from New Delhi, effective July 9, 2026.
• Authorized Persons: Deepak Chaudhary, Vikas Tandon, Sonia Arora, Kamal Garg.

Open offer overview

• Open offer for Grand Foundry Limited by SAR Televenture Limited from 9 June to 22 June 2026.
• Offer price Rs 2.50 per share; total offer size Rs 1,97,79,500.
• Aggregate shares tendered and accepted: 7,911,800 shares.
• Last date for payment of consideration: 7 July 2026.
• Public shareholding pre-offer 29.82%, post-offer 29.83%.
• Equity shares under SPA not yet transferred to Acquirer.
• Acquirer SAR Televenture Limited; Manager to Offer D&A Financial Services; Registrar Beetal Financial & Computer Services.

Certificate submission

• Regulation 74(5) certificate submitted by the RTA.

AGM details

• AGM held on 30 June 2026 at 1:00 PM IST via VC/OAVM.
• Cut-off date for voting: 23 June 2026.

Resolutions

• Resolution 1: Ordinary - adopt annual audited financial statements for year ended March 31, 2026.
• Resolution 2: Ordinary - re-appoint director by rotation.
• Resolution 3: Ordinary - appoint statutory auditor and fix remuneration.

Voting results

• Resolution 1: Passed; all votes in favour; no opposing votes.
• Resolution 2: Passed; unanimous in favour.
• Resolution 3: Passed; unanimous in favour.

Director changes

• Director re-appointment by rotation.

Auditor appointment

• Statutory auditor appointed; remuneration to be fixed.

AGM details

• AGM held 30 June 2026 at 1:00 PM IST through VC/OAVM.
• No physical attendance; proxies not applicable.
• Quorum: 37 members present via VC.
• Cut-off date for voting: 23 June 2026.
• Remote e-voting window: 27-29 June 2026.
• Duration: 1 hour 30 minutes.
• E-voting results to be submitted and posted on company and Purva websites and stock exchanges.

Resolutions

• Adopt Annual Audited financial statements for year ended 31 March 2026 (Ordinary).
• Re-appoint Gaurav Goyal as Director, retiring by rotation (Ordinary).
• Appoint M/s Agarwal & Saxena as Statutory Auditor; remuneration to be fixed (Ordinary).

Voting results

• Voting outcomes not disclosed; results to be submitted to stock exchanges and posted online.

Director changes

• Gaurav Goyal to be re-appointed as Director; retires by rotation.

Auditor appointments

• Appoint M/s Agarwal & Saxena as Statutory Auditor; remuneration to be fixed.