Based on the recommendation of Nomination and Remuneration Committee, the Board of Directors at their meeting held today, appointed Ms. Stephanie Billet(DIN: 11082284) as an Additional ....
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Grindwell Norton's board approved audited standalone and consolidated results for Q4 and FY25 ended March 31, 2025, with the auditors issuing an unmodified opinion. For FY25, standalone revenue from operations rose to ₹2,73,736 lakhs (vs ₹2,65,168 lakhs in FY24), but net profit dipped to ₹36,083 lakhs (vs ₹38,072 lakhs), translating to EPS of ₹32.59. The board recommended a ₹17 per share dividend (340% on ₹5 face value), with July 15, 2025 set as the record date and the 75th AGM scheduled for July 25, 2025. Non-Executive Director Mr. Jean-Claude Lasserre resigned due to other professional commitments, and Ms. Stephanie Billet (CEO of Saint-Gobain Surface Solutions) joined as an Additional Non-Executive Director effective May 10, 2025. Additionally, Mr. Hari Singudasu stepped down as CFO (to focus on business development and M&A as Executive Director), with Mr. Prakash Sabarad appointed as the new CFO. The board also approved a ₹77 lakh investment in Jamnagar Renewals Two Private Limited to source 0.8 MW of green power, and appointed Parikh & Associates as secretarial auditors for five years.
Shareholders benefit from a consistent 340% dividend despite a slight decline in FY25 net profit, while the CFO transition is smooth as the outgoing CFO retains an executive director role. The new Saint-Gobain appointee reinforces parent-group alignment, and the small green-power investment signals incremental sustainability efforts with no material financial impact.