Key Decisions Approved

1. Unaudited Financial Results: The Board approved the unaudited financial results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and approved by the Board. Statutory auditors Agarwal & Saxena Chartered Accountants conducted a limited review and issued an unmodified report.

2. Company Name Change: The Board approved changing the company name from "Grand Foundry Limited" to "Tikona Communication Limited". This change is subject to approval from shareholders, the Central Government (Registrar of Companies), Ministry of Corporate Affairs, and other statutory/regulatory authorities. Consequential alterations to the Memorandum of Association and Articles of Association will also be required.

3. Extraordinary General Meeting: The Board approved convening an EGM on Thursday, August 13, 2026 through Video Conferencing/Other Audio Visual Means to seek shareholder approval for the name change and other matters.

Important Dates

  • Cut-off Date for EGM: Thursday, August 6, 2026 - for determining eligibility of members entitled to vote through remote e-voting
  • EGM Date: Thursday, August 13, 2026
  • Meeting Duration: 12:00 Noon to 1:30 PM on July 20, 2026

Ownership Update

The Promoters of the Company, via Share Purchase Agreement dated March 03, 2026, have agreed to sell their holding of 2,13,51,740 equity shares representing 70.17% of total paid-up equity capital.

Auditor Information

  • Current Auditors: Agarwal & Saxena Chartered Accountants (FRN-002405C)
  • Review Partner: Akshay Sethi (Membership No.: 539439)
  • Previous Auditors: Ashwani & Associates (for Q2 FY26) and ANSK & Associates (for Q4 FY26 and FY26 audit)

Scrutinizer Appointment

The Board appointed Ms. Loveleen Gupta, Practicing Company Secretary (FCS 5287), Proprietor of M/s L. Gupta & Associates, Company Secretaries as Scrutinizer to oversee the remote e-voting process and voting during the EGM.

Business Segment

The Company is engaged in the business of telecom and communication equipment, including cables, optical fiber systems, and networking hardware, with only one reporting segment as per IND AS 108.

Financial Reporting

  • Figures are presented in INR lakhs
  • The figures for the quarter ended March 31, 2026 are balancing figures between audited full-year figures and published unaudited year-to-date figures up to the third quarter
  • Previous period figures have been regrouped/reclassified where necessary