Grand Foundry Ltd Announces Board Reconstitution Post Acquisition

Grand Foundry Limited announced significant changes in its Board of Directors and Key Managerial Personnel following the acquisition of control by SAR Televenture Limited, completed via an Open Offer. The Board approved the appointment of Mr. Deepak Chaudhary as Managing Director and Mr. Vikas Tandon as Whole-time Director, both for five-year terms. Additionally, Mr. Paramjit Singh was appointed as Non-Executive Non-Independent Director, and Mr. Arun Goel as Independent Director. Mr. Kamal Garg has been appointed as the new Chief Financial Officer. These changes are effective July 9, 2026, subject to necessary statutory and shareholder approvals.