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Grand Foundry has announced a board meeting to consider a Share Purchase Agreement under which Mr. Gaurav Goyal and Mr. Rakesh Kumar Bansal propose to acquire up to 2.14 crore equity shares (70.16%) from promoter Mrs. Madhu Garg at Rs. 1.40 per share, gaining full management control. This transaction will end the existing promoter’s control, trigger their declassification, and lead to changes in the Board and key managerial personnel. The acquirers are not related to the current promoters or company, and no shares are being newly issued.