Grand Foundry Board Meeting on Sep 17 to Consider NCDs for Tikona Infinet Acquisition

Grand Foundry Ltd has announced a Board of Directors meeting scheduled for September 17, 2026. The meeting will primarily consider a proposal for issuing Non-Convertible Debentures (NCDs) on a private placement basis. These NCDs are intended to fund the acquisition of shares in M/s Tikona Infinet Private Limited from its existing shareholders. Additionally, the board will discuss fundraising activities through equity shares or warrants, potentially via preferential allotment, subject to necessary approvals. The trading window for designated persons will be closed until 48 hours after the board meeting's outcome is declared.