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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Grand Foundry Ltd

Grand Foundry: SAR Televenture's Open Offer for 26% shares at Rs. 2.50 per share

M&A ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 01 Jun 2026, 05:15 PM IST  ·  BSE ID: c6fc7307-6077-4303-be88-7e869e016edb
View Original BSE Filing (PDF)
💡
In Simple Terms
SAR Televenture is making a public offer to buy 26% of Grand Foundry's shares at Rs. 2.50 each.
🤖 AI Summary
  • SAR Televenture Limited initiated an open offer to acquire up to 79,11,800 equity shares of Grand Foundry Limited.
  • The offer price is Rs. 2.50 per fully paid equity share, payable in cash.
  • This open offer targets 26% of Grand Foundry Limited's total equity/voting share capital.
  • The tendering period for the offer commences on June 09, 2026, and concludes on June 22, 2026.
  • The offer is not conditional on any minimum level of acceptance and requires no statutory approvals.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares to Acquire
79,11,800 equity shares
Percentage of Total Equity/Voting Share Capital
26%
Offer Price per Equity Share
Rs. 2.50/-
Face Value per Equity Share
Rs. 4/-
🏢 How This Affects the Company
⚠️
Risk Impact
Shareholders tendering shares cannot withdraw during the tendering period, exposing them to market fluctuations. Over-subscription may lead to proportionate acceptance, meaning not all tendered shares will be accepted.
👥 What This Means For Shareholders
✅
Action Required
Public shareholders of Grand Foundry Limited who wish to tender their shares must do so between June 09, 2026, and June 22, 2026.
👤
Who Is Affected
Public shareholders of Grand Foundry Limited are affected, as SAR Televenture Limited intends to acquire up to 79,11,800 equity shares from them at Rs. 2.50 per share. Shareholders who have recently sold shares should forward the Letter of Offer to their stockbroker.
🔍
Management Signal
This open offer indicates a strategic move by SAR Televenture Limited to increase its stake in Grand Foundry Limited, aiming for up to 26% ownership.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Offer opening date: Tuesday, June 09, 2026
Offer closing date: Monday, June 22, 2026
Last date for communicating acceptance/payment: Tuesday, July 07, 2026
MEDIUM RISK Shareholders cannot withdraw tendered shares and face proportionate acceptance risk in case of over-subscription.
💡 Investor Takeaway
SAR Televenture Limited launched an open offer to acquire up to 79,11,800 equity shares of Grand Foundry Limited, representing 26% of total equity. The offer price is Rs. 2.50 per fully paid equity share, payable in cash. Tendering period is June 09-22, 2026.
⚖️ Strengths & Concerns

✅ Positives

  • The offer is not conditional on any minimum level of acceptance, ensuring the offer proceeds regardless of participation.
  • No statutory approvals are required for the open offer, potentially streamlining the acquisition process.

⚠️ Concerns

  • Public shareholders cannot withdraw tendered equity shares, even if there are delays in acceptance or payment, limiting flexibility.
  • In case of over-subscription, acceptance will be proportionate, meaning not all tendered shares by public shareholders may be accepted.
📅 Company Track Record
Previous filing on 2026-03-20 indicated SAR Televenture was launching this open offer for Grand Foundry's 79,11,800 shares at Rs. 2.50 per share. This current filing confirms the formal Letter of Offer has been submitted, providing the detailed schedule.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the offer price for Grand Foundry Ltd shares in the open offer?
The offer price by SAR Televenture Limited is Rs. 2.50/- (Rupees Two and Fifty Paise Only) per fully paid equity share, payable in Cash.
How many shares is SAR Televenture Limited looking to acquire in Grand Foundry Ltd?
SAR Televenture Limited aims to acquire up to 79,11,800 equity shares, representing 26% of the total equity/voting share capital of Grand Foundry Limited.
When does the open offer for Grand Foundry Ltd shares open and close?
The tendering period for the open offer commences on Tuesday, June 09, 2026, and concludes on Monday, June 22, 2026.
Are there any conditions or statutory approvals required for this open offer?
The offer is not conditional to any minimum level of acceptance and no statutory approvals are required for the purpose of this offer.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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