Grand Foundry Appoints Agarwal & Saxena as New Auditors

Change in Statutory Auditors – Grand Foundry Limited

Outgoing Auditor

Name of the Resigning Firm: M/s ANSK & Associates, Chartered Accountants

Reason for Resignation: Completion of tenure which expires at the conclusion of the 34th Annual General Meeting held on June 30, 2026.

Effective Date of Resignation: Conclusion of the 34th Annual General Meeting [June 30, 2026]

Board's Acknowledgment / Statement: Not Specified

Replacement Appointed

Name of the New Audit Firm: M/s Agarwal & Saxena, Chartered Accountants

Firm Registration Number (FRN): 002405C

Term of Appointment and Validity: Five (5) consecutive years, commencing from the conclusion of the 34th AGM [June 30, 2026] until the conclusion of the 39th AGM of the Company

Interim Appointment or Subject to Shareholder Approval: Appointment was approved by members at the 34th Annual General Meeting held on June 30, 2026

Regulatory Compliance Statement

Disclosure Compliance: The appointment was intimated pursuant to Regulation 30 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Circular Reference: SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Delay in Disclosure: Not Specified

Brief Profile of Incoming Auditor

Summary of Incoming Audit Firm's Experience: M/s Agarwal & Saxena is a Chartered Accountancy firm established in 1984, with over 40 years of experience in audit, assurance, taxation, advisory, and risk management services. The firm has 11 Partners and a team of over 75 professionals, serving clients across banking, financial services, manufacturing, infrastructure, healthcare, real estate, and other sectors.

Core Expertise Includes: Statutory Audits, Internal Audits, Bank Audits, IFC/SOX Reviews, Tax Advisory, ESG Reporting, Due Diligence, Transaction Advisory, and IPO Support.

Regulatory Experience: The firm is Peer Reviewed by ICAI and has extensive experience working with RBI, C&AG, Public Sector Banks, NHAI, and SEBI-regulated entities.

Any Declarations or Eligibility Confirmations: Not Specified

Board / Committee Meeting Details

Date and Name of the Meeting: 34th Annual General Meeting held on June 30, 2026

Resolutions or Approvals: Members approved the appointment of M/s Agarwal & Saxena as Statutory Auditors

Other Corporate Information

Company Address: 17, 1st Floor, A Wing, B No. 19, BKC Bandra Pinnacle Corporate Park, MUMBAI- 400098

CIN No.: L99999MH1974PLC017655

Contact: +91- 9315615506 | cs@gfsteel.co.in | www.gfsteel.co.in