Grand Foundry Limited announced significant changes in its board of directors and key managerial personnel following the successful acquisition of control by SAR Televenture Limited. The board approved the reconstitution of its leadership team with effect from July 9, 2026, subject to statutory and shareholder approvals. Mr. Deepak Chaudhary has been appointed as the Managing Director and Additional Director for a five-year term. Mr. Vikas Tandon has been appointed as Whole-time Director and Additional Director, also for five years. Mr. Paramjit Singh will serve as a Non-Executive Non-Independent Director, and Mr. Arun Goel has been appointed as a Non-Executive Independent Director for a five-year term. Furthermore, Mr. Kamal Garg has been appointed as the Chief Financial Officer. The company also noted the resignations of Ms. Aishwarya Singhvi (Independent Director), Mr. Gaurav Goyal (Managing Director), Mr. Rakesh Kumar Bansal (Whole-time Director), Mr. Saurabh Goyal (Non-Executive Director), and Mr. Nitin Gupta (Chief Financial Officer), all effective from July 9, 2026. These changes are consequent to the acquisition of control by SAR Televenture Limited. Additionally, the authorized personnel for disclosures to stock exchanges have been updated, and the company has approved a change in the location of its books of account from New Delhi to Noida, Uttar Pradesh, effective July 9, 2026. The Board meeting commenced at 1:00 PM IST and concluded at 1:25 PM IST on July 9, 2026.
