Please find attached the Outcome.

Date: October 1, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jee Jee Bhoy Towers Exchange Plaza Dalal Street, Fort Bandra-Kurla Complex, Bandra(E) Mumbai 400001 Mumbai 400051 Scrip Code: 513343 Symbol: GFSTEELS Sub: Outcome of the Board Meeting held on October 1, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors of the Company, at its meeting held on October 1, 2026, inter alia, considered and approved the following matters: 1. Issuance of Equity Shares and Convertible Warrants by way of Preferential Allotment. In accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI (ICDR) Regulations”) as amended on such terms and conditions as may be determined by the Board and subject to approval of shareholders of the Company through Extra-Ordinary General Meeting and applicable regulatory authorities as the case may be, in accordance with the SEBI (ICDR) Regulations and other applicable laws, following securities are approved to be issued on a preferential basis (“Preferential issue”) : I. Upto maximum of 1,04,00,000 equity shares, to the persons not belonging to the promoters and promoters group having face value of Rs. 4/- each at a price of Rs. 10/- (Indian Rupee Ten Only) per equity share, determined in accordance with the applicable provisions of Chapter V of SEBI (ICDR) Regulation 2018, as amended from time to time aggregating to Rs. 10,40,00,000/- (Indian Rupee Ten Crore Forty Lakhs Only) II. Upto maximum of 8,84,50,000 convertible warrants, to the persons belonging to the promoters and non-promoters group, each carrying a right to subscribe to 1 (one) equity share against each warrant at a price of Rs. 10/- (Indian Rupees Ten Only) per warrant (including the Warrant subscription price and warrant exercise price) determined in accordance with the applicable provisions of Chapter V of SEBI (ICDR) Regulation 2018, as amended from time to time aggregating to Rs. 88,45,00,000 (Indian Rupees Eighty-Eight Crore Forty-Five Lakhs Only) in compliance with the applicable provisions of the Companies Act, 2013, the SEBI (ICDR) Regulations, 2018 and other applicable laws. The disclosures required under Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure 1 2. Proposed acquisition of equity shares of Fusionnet Web Services Limited The Company proposes to acquire the equity shareholding of Fusionnet Web Services Limited (“FWSL”) from SAR Televenture Limited (“SAR”),comprising 1,28,09,761 equity shares, representing 90.82% of the issued, subscribed and paid-up equity share capital of FWSL, for an aggregate consideration of Rs. 256.84 Crore. The consideration for the proposed acquisition shall be discharged by the Company otherwise than in cash, by way of issuance and allotment of 3.20% Redeemable Cumulative Non- Convertible Preference Shares (“RNCPS”) of the Company to SAR, having a face value of Rs. 10/- each, at an issue price of Rs. 30/- per RNCPS, comprising a face value of Rs. 10/- and securities premium of Rs. 20/- per RNCPS. The RNCPS shall be redeemable upon completion of 10 years from the date of allotment, subject to applicable laws and the terms and conditions of the issue. Issuance of RNCPS is subject to approval from shareholders under the relevant provisions of the Companies Act, 2013 and under any other law as may be applicable. The proposed acquisition shall be undertaken pursuant to the Share Purchase Agreement and other transaction documents to be entered into between the relevant parties and shall be subject to such regulatory, statutory and other approvals, consents and permissions as may be applicable and required. Upon completion of the proposed transaction, FWSL will become a direct subsidiary of the Company and will continue to remain within the SAR group as a step-down subsidiary of SAR. The disclosures required under Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure 2. 3. Approval for issue of Notice of Extra- Ordinary General Meeting The Board has approved convening of an Extra-Ordinary General Meeting of the members of the Company on Wednesday, 28th October 2026 through Video Conferencing (“VC”) / Other Audio Visual Means for seeking member’s approval for above stated matters. The Board of Directors has approved the draft notice of the EGM and matters related thereto. The notice of the said EGM will be sent separately to the Stock Exchange and to the Members of the Company and will also be available on the Company's website at www.tikonacomm.in and on the website of the stock exchange i.e. BSE Limited www.bseindia.com, NSE India Limited www.nseindia.com in due course. 4. Fixing of cut off date The Company has fixed October 21,2026 as the "Cut-off-Date" for the purpose of determining the eligibility of the members entitled to vote by remote e-voting. Those shareholders holding shares either in dematerialized form or in physical form, as on the close of business hours on October 21,2026 will be entitled to avail the facility of remote e-voting as well as voting at the EGM. 5. Appointment of scrutinizer The Board has appointed Ms. Loveleen Gupta, Practicing Company Secretary (FCS 5287), Proprietor of M/s L. Gupta & Associates, Company Secretaries as Scrutinizer to scrutinize the voting that will take place through electronic means in a fair and transparent manner, in respect of resolutions as proposed to be passed by the Members at the ensuing Extra-Ordinary General meeting. The meeting of the Board of Directors commenced at 5:00 PM (IST) and concluded at 6:30 PM (IST). You are requested to take the above information on record. Thanking You For Tikona Communication Limited (Formerly known as Grand Foundry Limited) Sonia Arora Company Secretary and Compliance Officer M. No. A25863 Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III thereto and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Annexure-1 S. No. Particulars Description a. Type of securities proposed to a. Equity shares, having face value of Rs. 4/- be issued (viz. equity shares, each. convertibles etc.); b. Share Warrants carrying a right to subscribe to 1 (one) equity share per warrant, which may be exercised in one or more tranches during the period commencing from the date of allotment of the warrants until expiry of 18 (Eighteen) months from the date of allotment of the Warrants b. Type of issuance (further Preferential issue of equity shares and warrants in public offering, rights issue, accordance with the provisions of the Companies depository receipts Act, 2013 and the rules made thereunder and (ADR/GDR), qualified Securities and Exchange Board of India (Issue of institutions placement, Capital and Disclosure Requirements) Regulations, preferential allotment etc.); 2018 (“SEBI (ICDR) Regulations”) and other applicable laws. c. Total number of securities a. Upto maximum of 1,04,00,000 equity shares, proposed to be issued or the to the persons not belonging to the total amount for which the promoters and promoters’ group having face securities will be issued value of Rs. 4/- each at a price of Rs. 10/- (approximately); (Indian Rupee Ten Only) b. Upto maximum of 8,84,50,000 convertible warrants, to the persons belonging to the promoters and non-promoters’ group, each carrying a right to subscribe to 1 (one) equity share [Showing first 8,000 characters — download PDF for full document]