Grand Foundry Limited announced the outcome of its Board Meeting held on January 15, 2026. The Board noted the immediate resignations of its Statutory Auditor, M/s Ashwani & Associates, effective January 6, 2026, and its Internal Auditor, M/s Ajay Kanjhlia & Associates, also effective January 6, 2026. Furthermore, Ms. Nalini Singh resigned from her position as Company Secretary & Compliance Officer, with her resignation effective from the close of business hours on January 8, 2026.

Following these resignations, the Board, based on the Audit Committee's recommendation, has recommended the appointment of M/s ANSK & Associates as the new Statutory Auditors to fill the casual vacancy, subject to shareholder approval at an upcoming Extra-Ordinary General Meeting (EGM). Additionally, M/s Goyal Mittal & Associates, LLP has been appointed as the new Internal Auditors, effective January 15, 2026.

The Board also approved and recommended to shareholders the alteration of the Memorandum of Association's object clause to include new business activities related to telecommunications, communication services, and broadband internet access. An EGM has been scheduled for Tuesday, February 10, 2026, to seek shareholder approval for these changes and the appointment of the new statutory auditors. The cut-off date for remote e-voting eligibility has been fixed as February 3, 2026, and Ms. Loveleen Gupta has been appointed as the scrutinizer for the e-voting process.