GFSTEELS2026-09-12GFSTEELS2026-09-122026-09-12GFSTEELS2026-09-12in-capmkt:FinancialYear1MemberGFSTEELS2026-09-12in-capmkt:FinancialYear2MemberGFSTEELS2026-09-12in-capmkt:FinancialYear3MemberGFSTEELS2026-09-122026-09-12in-capmkt:FinancialYear1MemberGFSTEELS2026-09-122026-09-12in-capmkt:FinancialYear2MemberGFSTEELS2026-09-122026-09-12in-capmkt:FinancialYear3Memberiso4217:INRxbrli:pure513343GRAND FOUNDRY LIMITEDGFSTEELSNOTLISTEDINE534A01028NewAcquisition (including agreement to acquire)true2026-09-1217:30:002026-09-12GRAND FOUNDRY LIMITEDListed Entity (self)TIKONA INFINET PRIVATE LIMITED2188600000154900000863900000falsefalsetrueTELECOM SECTORThe proposed acquisition is in line with the Company's strategy to expand its presence in the telecom and digital connectivity sector. The key objectives and expected impact of the acquisition are as follows: • Expansion of the Company's service portfolio and market presence, leading to enhanced business opportunities and brand value; • Operational synergies resulting in improved efficiency and potential cost optimisation; and • Strengthening of the Company's competitive position in the telecom and connectivity sector.Notrue31-03-2027OthersThe consideration for the proposed acquisition shall be discharged by way of issuance of Non-Convertible Debentures (“NCDs”) by Tikona Communication Limited (formerly known as Grand Foundry Limited) having an aggregate value of INR 99,22,00,380, against the purchase of 62.01% equity shares of the Target Company from its existing shareholders.9922000000Founded in 2008 by Mr. Prakash Bajpai, Tikona Infinet Private Limited is engaged in the telecom and connectivity business, providing enterprise data, high-speed internet connectivity and related digital infrastructure services to corporate and SME customers in India.2024-202521886000002023-202417522000002022-20231906000000INDIA