Grand Foundry Open Offer Extended

Grand Foundry Limited's open offer period has been extended by acquirer SAR Televenture Limited. The revised offer closing date is now June 22, 2026.

Reader Takeaway: Extended timeline for open offer participation; updated financial figures provided for clarity.

What just happened

SAR Televenture Limited, the acquirer, has issued a corrigendum to the detailed public statement for the open offer of Grand Foundry Limited. This filing primarily revises the timeline for various activities related to the open offer, including an extension of the tendering period.

Why this matters

The extension of the tendering period to June 22, 2026, provides shareholders of Grand Foundry with additional time to decide whether to tender their shares in the open offer. The filing also includes updated financial figures for both the target company, Grand Foundry, and the acquirer, SAR Televenture.

The backstory

Grand Foundry Limited reported a profit after tax of ₹0.18 crore for FY2026 on a total income of ₹10.53 crore. SAR Televenture Limited, the acquirer, reported a total income of ₹356.19 crore and a profit after tax of ₹46.90 crore for FY2025. The acquirer's net worth was ₹773.03 crore as of December 31, 2025.

What changes now

The key change is the revised schedule of activities. Shareholders will notice new dates for identified dates, dispatch of offer letters, recommendations from directors, and the crucial commencement and expiry of the tendering period, which now ends on June 22, 2026. The payment/acceptance deadline is now July 7, 2026.

Risks to watch

While the extension offers more time, shareholders should carefully review the original offer document and consider the revised dates to ensure timely participation if they choose to accept the offer.

Peer comparison

Information on peer companies is not provided in this filing.

Context metrics (time-bound)

• Grand Foundry's Total Income (FY2026): ₹10.53 crore
• Grand Foundry's Profit After Tax (FY2026): ₹0.18 crore
• SAR Televenture's Total Income (FY2025): ₹356.19 crore
• SAR Televenture's Profit After Tax (FY2025): ₹46.90 crore

What to track next

Investors should monitor the response to the open offer as the new expiry date approaches. Any further announcements or revisions from SAR Televenture Limited regarding the open offer should be carefully noted.