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Incorporated in 1973, Grand Foundry Ltd manufactures and exports Bright Steel Bars and wires
Grand Foundry Limited has successfully changed its corporate name to “Tikona Communication Limited” following approval from the Registrar of Companies. Consequently, the Memorandum and Articles of Association have been duly altered to reflect this brand identity shift.
Grand Foundry's open offer completed. Acquirers Rakesh Bansal and Gaurav Goyal now control 96.16% after acquiring 70.16% for ₹2.99 Cr and 26% via open offer at ₹2/share. Previous promoter reclassified. The company is loss-making with negative net worth and incurred regulatory penalties.
Grand Foundry's board has approved the financial results for the quarter and year. Investors can find full details on the company's website and stock exchange filings for comprehensive review.