Grand Foundry Limited Reports Audited Financial Results for FY 2026 and Opens Trading Window
Grand Foundry Limited announced the outcome of its Board meeting, noting the audited financial results for the quarter and financial year ended March 31, 2026. The company confirmed that the Statutory Auditors, M/s A N S K & Associates, Chartered Accountants, issued an Unmodified Opinion Report on the audited financial results for the financial year ending on March 31, 2026.Following the board's consideration of the results, the company announced that the trading window for Grand Foundry Limited will be opened from May 10, 2026.
Financial Position Highlights
The audited financial results include the Statement of Assets and Liabilities, and the Cash Flow Statement for the Financial Year ended March 31, 2026.Statement of Audited Assets and Liabilities (Amounts in INR lakhs)
| Particulars | Note | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|---|
| A. ASSETS | |||
| 1. Non-current assets | |||
| (a) Property, Plant and Equipment | |||
| (b) Capital Work in Progress | |||
| (c) Financial Assets | |||
| (1) Investment | |||
| (ii) Loans | |||
| (iii) Others financial assets | |||
| (d) Deferred tax assets (Net) | |||
| (e) Other non-current assets | |||
| Total Non-current assets | |||
| 2. Current assets | |||
| (a) Inventories | 17 | 84.56 | - |
| (b) Financial Assets | |||
| (i) Investments | |||
| (ii) Trade receivables | 1,242.02 | - | |
| (iii) Loans | |||
| (iv) Cash and cash equivalents | 10.14 | 036 | |
| (c) Other current assets | 1 | ||
| Total Current Assets | 1,336.72 | 0.54 | |
| TOTAL ASSETS | 1,336.72 | 1 | |
| B. EQUITY AND LIABILITIES | |||
| Equity | |||
| (a) Equity Share capital | 1,217.20 | 1,217.20 | |
| (b) Other Equity | (1,762.54) | (1,780.67) | |
| Total Equity | (545.34) | (563.47) | |
| Liabilities | |||
| Non-current liabilities | |||
| (a) Financial Liabilities | |||
| (i) Borrowing | 9 | 679.22 | |
| (ii) Other Financial Liabilities | - | ||
| (b) Deferred Tax Liabilities (Net) | - | ||
| Total Non-current liabilities | 679.22 | - | |
| Current liabilities | |||
| (a) Financial Liabilities | |||
| (i) Borrowings | 10 | - | 558.29 |
| (ii) Trade payables | 11 | ||
| a) Total outstanding dues of micro and small enterprises | - | ||
| b) Total outstanding dues of creditors other than micro and small enterprises | 1,164.37 | 1.43 | |
| (iii) Other financial liabilities | 12 | 8.13 | 30.34 |
| (iv) Other current liabilities | - | 429 | |
| Total Current Liabilities | 1,202.84 | 564.01 | |
| TOTAL EQUITY AND LIABILITIES | 1,336.72 | 0.54 |
***
Quarterly and Annual Performance
The Statement of Audited Financial Results provided a comparison of the quarter and year ended March 31, 2026, against previous periods.Statement of Audited Financial Results (Amount in Lakhs)
| Particulars | Qtr Ended March 31, 2026 Audited | Qtr Ended December 31, 2025 Unaudited | Qtr Ended March 31, 2025 Audited | Year Ended March 31, 2026 Audited | Year Ended March 31, 2025 Audited |
|---|---|---|---|---|---|
| Revenue from Operations | 1,052.56 | 2.05 | 1,052.56 | 2.05 | |
| Other Income | 2.05 | ||||
| Total Income from operations (net) | 1,052.56 | 2.05 | 1,052.56 | 2.05 | |
| Expenses Cost of sale & services | 1,000.03 | 1,000.03 | |||
| Changes In Inventories of finished goods, work In progress and stock In trade | (84.56) | (84.56) | |||
| Employee benefit expenses | 2.75 | 2.97 | 0.31 | 17.22 | 2.04 |
| Finance costs | 19.09 | 13.49 | 10.00 | 56.24 | 38.75 |
| Other Expenses | 2151 | 7.16 | 7.52 | 45.50 | 29.32 70.11 |
| Total Expenses (IV) | 963.82 | 23.62 | 17.83 | 1,034.43 | |
| Profit/ (Loss) before exceptional items (III- V) | |||||
| Total/ (Loss) before tax (v-vD) | (23.62) | (15.78) | (68.06) | ||
| Profit/ (Loss) for the period (VII-VIID) | 88.74 | (23.62) | (15.78) | 18.13 | (68.06) |
| Total Comprehensive Income | (23.62) | (15.78) | 18.13 | (68.06) | |
| Earning per Equity Share (1) Basic | 0.29 | (0.08) | (0.04) | 0.06 | (0.22) |
***
Cash Flow Statement
The company also presented the statement of audited cash flows for the year ended March 31, 2026.Statement of Audited Cash Flows (Amounts in Lakhs)
| Particulars | Year ended March 31, 2026 Audited | Year ended March 31, 2025 Audited |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit/(Loss) before Finance Cost | ||
| Finance Cost | 56.24 | 38.75 |
| Depreciation and amortisation expense | - | = |
| Operating profit / (loss) before working capital changes | 74.37 | (29.30) |
| Adjustments for Changes in working capital: | ||
| Decrease/(Increase) in other current assets | 0.01 | (0.01) |
| Decrease/(Increase) in inventories | (84.56) | - |
| in trade receivables | (1,242.02) | y |
| Decrease/(Increase) | 0.17 | 2.09 |
| Decrease/(Increase) in short term loans & advances | 1,162.94 | (0.39) |
| Increase/(decrease) in trade payables | 8.13 | (1.56) |
| Increase/(decrease) in current financial liabilities | (1.68) | |
| Increase/(decrease) in other current liabilities | 26.05 | |
| Cash used in operating activities post working capital changes | (54.91) | (69.61) |
| (net) Net cash used in operating activities | (54.91) | (69.61) |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Net cash flow generated from (used in) investing activities | - | = |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| Repayment of short term borrowings | (558.29) | 108.13 |
| Proceeds of long term borrowings | 679.22 | # |
| Finance Cost | (56.24) | (38.75) |
| Net Cash from Financing Activities | 64.69 | 69.38 |
| Net Increase/(Decrease) in Cash and Cash Equivalents | 9.78 | (0.23) |
| Cash and Cash Equivalents at the beginning of the year | 0.36 | 0.59 |
| Cash and Cash Equivalents at the end of the year | 10.14 | 0.36 |
***
Corporate Action Details
In addition to releasing the financial results, the company provided updates regarding its shareholding structure and promoter transactions.The existing promoters had previously acquired 2,13,50,260 Equity Shares and 1,380 Equity Shares through an Open Offer dated July 03, 2025, at a price of Rs. 2 per Equity Share, bringing their aggregate shareholding to 70.17%.
The existing promoters later entered into a Share Purchase Agreement dated March 03, 2026, with the acquirer/new promoter "SAR Televenture Limited" for the transfer of 2,13,51,740 Equity Shares, representing 70.17% of the total paid-up equity share capital.
Furthermore, under relevant regulations, the acquirer/new promoter initiated an Open Offer dated March 16, 2026, for the acquisition of up to 79,11,800 Equity Shares at a price of Rs. 2.50 per Equity Share, representing 26% of the paid-up equity share capital. This acquisition and Open Offer process is expected to be completed by June 2026.
Management stated that as of March 31, 2026, the company recorded accumulated losses of ¥ 545.34 lakhs (compared to ¥ 563.47 lakhs on March 31, 2025). Despite the losses, management expressed confidence in future profitability through the sale of unsold inventories and the signing of major customer contracts, maintaining that it is appropriate to prepare financial statements on a going concern basis.
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