Date: 06.10.2026

Regulatory Compliance Disclosure

The company submitted a revised certificate from Agarwal & Saxena Chartered Accountants (FRN – 002405C) confirming compliance with SEBI LODR Regulation 45(1) requirements for the proposed name change from "Grand Foundry Limited" to "Tikona Communication Limited".

Business Transformation Background

  • Management changed pursuant to Share Purchase Agreement (SPA) dated June 26, 2025 and Open Offer made under SEBI (SAST) Regulations, 2011
  • Company expanded business activities to include telecommunications infrastructure, broadband, internet, leased line and allied digital communication services
  • Main Objects clause of MOA amended by Special Resolution at EGM held on February 10, 2026
  • ROC approval received vide letter dated February 27, 2026

Financial Performance Analysis

Quarterly Revenue Breakdown (Amount in INR lacs):

  • June 2025: Nil revenue from all activities
  • September 2025: Nil revenue from all activities
  • December 2025: Nil revenue from all activities
  • March 2026: ₹1052.56 lacs (100% from Telecom and Other Allied Activity)

The company generated no revenue in the first three quarters of FY2025-26, with all revenue (₹10.53 crore) coming from telecommunications business in Q4 March 2026.

SEBI Regulation 45 Compliance Certification

Regulation 45(1)(b) - Revenue Requirement:

  • The proposed new name does not suggest any new business activity
  • Requirement is not applicable as name change doesn't imply new activity

Regulation 45(1)(c) - Investment Requirement:

  • Not applicable as there is no change in activity pursuant to the name change

Name Change History:

  • Company changed from private to public limited company previously
  • No name changes in the last one year

Supporting Documentation

  • Name approval and availability letter from MCA, Registrar of Companies, CRC Manesar dated 24th June 2026
  • Audited Financial Statement and board's report for FY 2025-26
  • Memorandum of Association (MOA) of the company

Corporate Governance

KMP / Board Changes:

Not Specified

Dividend Declaration:

Not Specified

Board Meeting Outcomes:

Not Specified

Financial Results:

Not Specified

Auditor's Report:

  • Agarwal & Saxena Chartered Accountants issued compliance certificate
  • Unmodified opinion on SEBI Regulation 45 compliance
  • Certificate issued for stock exchange submission purposes only