Grand Foundry Limited announced significant changes to its Board of Directors and Key Managerial Personnel following the acquisition of control by SAR Televenture Limited. The Board, in its meeting held on July 9, 2026, approved the appointment of Mr. Deepak Chaudhary as the new Managing Director for a five-year term, subject to shareholder approval. Additionally, Mr. Vikas Tandon has been appointed as the Whole-time Director for a period of five years, also pending shareholder approval. Mr. Tandon currently serves as the Whole-time Director and CFO of SAR Televenture Limited. The company also appointed Mr. Kamal Garg as the Chief Financial Officer, effective July 9, 2026. Further, Mr. Paramjit Singh was appointed as a Non-Executive Non-Independent Director, and Mr. Arun Goel as a Non-Executive Independent Director for a five-year term, both subject to shareholder approval. The Board 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 the close of business hours on July 9, 2026. These resignations are consequent to the change in control following the successful completion of SAR Televenture's open offer. The Board also revised the list of authorised personnel for disclosures under Regulation 30(5) of SEBI Listing Regulations and approved a change in the place of keeping the company's books of account. The Board meeting commenced at 1:00 PM IST and concluded at 1:25 PM IST.
