Grindwell Norton Limited has informed the Exchange regarding Cessation of Mr Jean-Claude Lasserre as Non- Executive Director of the company w.e.f. May 09, 2025.
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Grindwell Norton's board approved audited FY25 results with revenue from operations of ₹2,73,736 lakhs and net profit of ₹36,083 lakhs (slightly down from ₹38,072 lakhs in FY24); EPS stood at ₹32.59. The board recommended a dividend of ₹17 per share (340% on ₹5 face value) with record date July 15, 2025 and AGM scheduled for July 25, 2025. Mr. Jean-Claude Lasserre stepped down as Non-Executive Director due to other professional commitments, and Ms. Stephanie Billet (CEO of Saint-Gobain Surface Solutions) was appointed as Additional Non-Executive Director effective May 10, 2025. Mr. Hari Singudasu resigned as CFO to focus on business development, strategy, and M&A as Executive Director, with Mr. Prakash Sabarad (a Saint-Gobain Group veteran with 30+ years of experience) named 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 Auditor for five years.
The smooth CFO transition, continued 340% dividend, and new director from the parent Saint-Gobain group suggest stable governance and strategic continuity for shareholders; the marginal dip in FY25 profit may draw some short-term attention but overall signals steady operations.