Grand Foundry allots warrants
Grand Foundry (BSE: GFSTEELS) said it has allotted warrants. The company is valued at about ₹117 crore.
What happened
Grand Foundry (BSE: GFSTEELS) informed the stock exchanges on 1 October 2026 at 06:47 PM that it has allotted warrants.
From the filing: "Issuance of Equity Shares and Convertible Warrants by way of Preferential Allotment."
Company snapshot
Grand Foundry is a micro-cap company, with a market value of about ₹117 crore.
The stock last traded at ₹38.29, against a 52-week range of ₹10.21–₹35.77 (7.0% above the high).
Before this filing the shares had moved +138.5% over the month and +162.8% over three months. Average daily turnover over the last 20 sessions was about ₹0.01 crore.
Promoters held 70.18% at the end of Q1 FY27.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 0 | -0.1 | -0.05 |
| Q2 FY26 | 0 | -0.3 | -0.11 |
| Q3 FY26 | 0 | -0.2 | -0.08 |
| Q4 FY26 | 11 | 0.9 | 0.29 |
| Q1 FY27 | 20 | 2.1 | 0.69 |
What history shows
BCEIE has no earlier fund raising filing from this company on record since May 2026.
Market-wide, 1,475 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
- 1 October 2026: Board meeting — Fund Raising.
In the news
Recent coverage elsewhere (links open the original publisher):
- Grand Foundry Ltd. Key Financial Ratios – Valuation, Profitability & More
- Grand Foundry Ltd. Lower Circuit Today: Price, Data and Peers
- Grand Foundry board to consider preferential allotment on October 1
- Grand Foundry Ltd. Upper Circuit Streak: Day 3 Price and Data
- GF Steels (NSE:GFSTEELS): What Does the Promoter Reclassification Mean After the Open Offer?
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.