Grand Foundry Limited Appoints 6 Directors, CFO, Company Secretary; 6 Directors Resign
Grand Foundry Limited appointed six new directors, including a Managing Director, CFO, and Company Secretary. Simultaneously, six directors resigned. The company also relocated its registered office and updated its additional place for keeping accounts, all effective January 5, 2026.
The appointment of multiple directors, a new CFO, and a Company Secretary, alongside several resignations, represents a substantial change in the company's leadership and governance structure. This level of change could impact strategic direction and operational management.
The announcement details a significant number of board and management changes, including both appointments and resignations. While these changes indicate restructuring, there is no immediate financial or strategic information provided to suggest a positive or negative outlook.
Grand Foundry Limited has announced a significant reshuffling of its board and key management positions, effective January 5, 2026. The company appointed Mr. Gaurav Goyal as Additional Director (Executive and Managing Director) for a term of 5 years.
Further appointments include Mr. Rakesh Kumar Bansal as Additional Director (Executive, Non-Independent), Mr. Saurabh Goyal as Additional Director (Non-Executive, Non-Independent), Dr. Reena Sharma as Additional Director (Non-Executive, Independent), Ms. Shilpi Soni as Additional Director (Non-Executive, Independent), and Ms. Aishwarya Singhvi as Additional Director (Non-Executive, Independent). All these appointments are subject to shareholder approval.
In conjunction with these appointments, the company accepted the resignations of six directors. Mr. Rajat Kasliwal, Mr. Rahul Bhardwaj, and Mr. Rahul Sharma resigned from their positions as Independent Directors. Ms. Shivani Jain resigned as Executive Director & CFO, and Mr. Ashish Kumar resigned as Executive Director & CEO. Ms. Shefali Kesarwani also resigned as a Non-Executive Director. All resignations are effective from the close of business hours on January 5, 2026, primarily due to pre-occupation elsewhere.
Additionally, Mr. Nitin Gupta has been appointed as the new Chief Financial Officer (CFO), and Ms. Sonia Arora has been appointed as Company Secretary and Compliance Officer, both effective January 5, 2026.
The company also announced the shifting of its registered office from Mumbai to a new address in Bandra East, Mumbai, and a change in the additional place for keeping books of accounts from Delhi to New Delhi, both effective January 5, 2026.
What to do with a filing like this
Grand Foundry Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Grand Foundry Limited. Read the original for the full detail.