General Updates

Date: 29.09.2026 Manager (CRD) The Manager BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra – Kurla Complex, Dalal Street, Mumbai – 400001 Bandra (East), Mumbai – 400 051 Scrip Code: 513343 SYMBOL: GFSTEELS Subject: Disclosure under Regulation 31A (10) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Reclassification of Promoter(s)/Promoter Group pursuant to completion of Open Offer under SEBI (SAST) Regulations, 2011 Dear Sir/Madam, With reference to the captioned subject, we wish to inform you that pursuant to the acquisition of 2,13,51,740 equity shares representing 70.17 % of the paid-up equity share capital of the Company and consequent change in control and management of the Company by Sar Televenture Limited (“Acquirer”), the erstwhile Promoters of the Company have ceased to be in control and management of the Company. The change in control and management was pursuant to the Share Purchase Agreement dated 03 March 2026 and the subsequent acquisition of shares by the Acquirer. Further, the Acquirer made an open offer to the public shareholders of the Company in accordance with the applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pursuant to the Public Announcement dated 16 March 2026, and the open offer process has been completed on 28 September 2026. In this regard, the Company has received requests from the erstwhile Promoters seeking re-classification of their status from “Promoter/Promoter Group” to “Non-Promoter/Public” category pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”). The details of the outgoing Promoters seeking re-classification are as follows: Name of Shareholding prior to the Open Offer Shareholding post completion of Outgoing Open Offer Promoter / No. of Shares Percentage No. of Shares Percentage Promoter Group Mr. Rakesh 42,71,452 14.04 Nil NA Kumar Bansal Mr. Gaurav Goyal 1,70,80,288 56.13 Nil NA Further, please find below mentioned the details of transfer of entire shareholding by the outgoing Promoters of the Company through off market pursuant to SPA dated March 03, 2026: - Name of the Holding No. of Shares Holding Name of The Date of Transfer Promoter before Transferred after Acquirer Transfer & % of Transfer & & % of holding % of holding holding Mr. Rakesh 4271452 4270072 1380 Sar Televenture 24th Kumar Bansal (14.03%) (14.03%) (0.00%) Limited September,2026 Mr. Rakesh 1380 1380 NIL Sar Televenture 25th Kumar Bansal (0.00%) (0.00%) Limited September,2026 Mr. Gaurav 17080288 17080288 NIL Sar Televenture 28th Goyal (56.13%) (56.13%) Limited September,2026 Accordingly, as on the date of this disclosure, Mr. Rakesh Kumar Bansal and Mr. Gaurav Goyal do not hold any equity shares or voting rights in the Company. Further, the Company confirms that, based on the declarations and information received from the outgoing Promoters: 1. the outgoing Promoters do not exercise, directly or indirectly, any control over the affairs of the Company; 2. the outgoing Promoters are not involved in the management or day-to-day affairs of the Company; 3. the outgoing Promoters do not hold any position on the Board of Directors of the Company and do not represent the Board or management of the Company; 4. the outgoing Promoters do not exercise any special rights in the Company through formal or informal arrangements and any such rights, if applicable, have been terminated; 5. the outgoing Promoters, together with the persons related to them, do not hold any equity shares or voting rights in the Company as on the date of this disclosure; and 6. the conditions applicable to the proposed re-classification under Regulation 31A of the SEBI LODR Regulations, including the applicable provisions of Regulation 31A (3), shall be complied with before giving effect to the re-classification. Kindly take the same on your records. Thanking You, For Tikona Communication Limited (Formerly Known as Grand Foundry Limited) Sonia Arora Company Secretary and Compliance Officer Date: 29-09-2026 The Board of Directors Tikona Communication Limited (Formerly Known as Grand Foundry Limited) Address: 17, Ist Floor, A Wing, B. No. 19, BKCB andra Pinnacle Corporate Park Mumbai-400098 Subject: Request for Re-Classification from Promoter Category to Non-Promnoter/Public Category in terms of Regulation 31A(10) of SEBI (LODAR) Regulations, 2015 Dear Sir/Madam, 1, Rakesh Kumar Bansal, erstwhile Promoter of Tikona Communication Limited (formerly known as Grand Foundry Limited) (hereinafter referred to as the "Company"), hereby submit this request for re classification of my status from the «Promoter and Promoter Group" category to the Non Promoter/Public" category in terms of Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"). I wish to informn the Board that I have sold/transferred my entire shareholding in the Company comprising 42,71,452 equity shares representing 14.04 % of the paid-up equity share capital of the Company, and consequently, I presently hold Nil equity shares in the Company. Further, pursuant to the acquisition of shares and change in control and management of the Company by the new promoter/acquirer, an open offer was made to the public shareholders of the Company in accordance with the applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The public announcement in relation to the said open offer was made on 16 March 2026, and the open offer process was completed on 29 September 2026 (being the date of actual transfer of shares from the promoter seeking reclassification to the new acquirer). If urther confirm and declare that: 1. Id o not hold any equity shares or voting rights in the Company as on the date of this application; 2. Ia m not involved in the day-to-day management or affairs of the Company; 3. I do not hold any position on the Board of Directors of the Company and do not represent the Board or management of the Company in any manner; 4 I do not exercise, directly or indirectly, any control over the affairs of the Company; I have no special rights or arrangements in respect of the Company which would enable me to exercise control or significant influence over the Company; and 6. I am no longer associated with the management or control of the Company in the capacity of a Promoter. In view of the above, Ih ereby request the Board of Directors of the Company to consider my application for re-classification from the “Promoter and Promoter Group" category to the *Non-Promoter/ Public" category, pursuant to Regulation 31A of the SEBIL ODR Regulations, subject to fulfilment of all applicable conditions and receipt of such approvals as may be required under the applicable laws and regulations. If urther request the Company to take the necessary steps for processing mny request for re-classification and to intimate me of any further documents, declarations, undertakings or compliances required from my end for completion of the re-classification process. I shalle xtend my full cooperation and provide such further information and documents as may be required by the Company, the Stock Exchanges, SEBI or any other regulatory authority in connection with the aforesaid re-classification. Kindly take the above on record and do the needful. Thanking you, Yours faithfully, RaKesh Kumar Bansal