Integrated Filing — IndAS



General information about company

Scrip Code 513343
NSE Symbol GFSTEELS
MSEI Symbol NOTLISTED
ISIN INE534A01028
Name of company GRAND FOUNDRY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Bright Steel Bars
Start date and time of board meeting 13-02-2026   12:00:00
End date and time of board meeting 13-02-2026   14:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
No defaults on Loans and Debt Securities



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 0.00 0.00
Other income 0.00 0.00
Total income 0.00 0.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 2.97 9.47
(e) Finance costs 13.49 37.15
(f) Depreciation, depletion and amortisation expense 0.00 0.00
(f) Other Expenses
1 Other Expenses 7.16 23.99
Total other expenses 7.16 23.99
Total expenses 23.62 70.61
3 Total profit before exceptional items and tax (23.62) (70.61)
4 Exceptional items 0.00 0.00
5 Total profit before tax (23.62) (70.61)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 0.00 0.00
9 Total tax expenses 0.00 0.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (23.62) (70.61)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (23.62) (70.61)
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period (23.62) (70.61)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,217.20 1,217.20
Face value of equity share capital 4 4
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.08 -0.23
Diluted earnings (loss) per share from continuing operations -0.08 -0.23
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.08 -0.23
Diluted earnings (loss) per share from continuing and discontinued operations -0.08 -0.23
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. These financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under section 133 of Companies Act, 2013 read with rule 3 of of Companies (Indian Accounting Standards) Rules, 2015 and relevant ammendment thereafter 2. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meetings held on 13th February 2025 and the statutory auditors of company have conducted a Limited review report of the above financial results for the quarter and nine months ended 31st December, 2025, in accordance with Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations 2015. 3. The previous period and year figures have been regrouped/ reclassifed wherever necessary. During the period, the New Promoters have acquired a controlling / substantial equity stake in Grand Foundry Limited 4. During the period the New Promoters have acquired a substantial equity stake in Grand Foundry Limited in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011and other applicable laws The Old Promoters of the Company, vide Share Purchase Agreement dated 26 June 2025, agreed to sell their shareholding of 21350260 equity shares, representing 70.16 percent of the total paid-up equity share capital of the Company Consequent to this, and pursuant to Regulations 3(1) and 4 of the SEBI (SAST) Regulations, 2011 an Open Offer was announced on 03 July 2025 for the acquisition of 7911800 equity shares at Rs.2 per equity share, representing 26 percent of the paid-up equity share capital. As part of the acquisition process Mr. Rakesh Kumar Bansal acquired a total of 4271452 equity shares, comprising: 4270072 equity shares acquired through the Share Purchase Agreement; and 1380 equity shares acquired through the Open Offer on 31 December 2025. Mr. Gaurav Goyal acquired 17080288 equity shares of the Company through the Share Purchase Agreement on 02 January 2026. These acquisitions have resulted in a change in control and reconstitution of the Promoter Group of the Company. 5. As on reporting date the financial information and accounting records of the acquired entity are currently under review and reconciliation. The Company is in the process of evaluating the accounting treatment, including assessment of fair valuation and applicability of relevant Accounting Standards or Ind AS requirements. Pending completion of such evaluation, the financial impact if any cannot be presently determined and shall be appropriately accounted for in subsequent reporting period(s) wherever required. 6.The Company is engaged in the business of Bright Steel Bars and hence has only one reporting segment as per IND AS 108 operating segment.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income