Grindwell Norton Limited has informed the Exchange regarding Cessation of Mr Hari Singudasu as Chief Financial Officer of the company w.e.f. May 09, 2025.
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 0.2 pts less than its Abrasives & Bearings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Grindwell Norton's board on May 9, 2025 approved audited FY25 results, reporting revenue from operations of ₹2,73,736 lakhs (up ~3% YoY) but net profit of ₹36,083 lakhs (down ~5% YoY), with EPS of ₹32.59 versus ₹34.39. Mr. Hari Singudasu stepped down as CFO to focus on business development, strategy, and M&A as Executive Director; Mr. Prakash Sabarad, a 30-year Saint-Gobain Group veteran, was appointed as the new CFO effective May 10, 2025. Non-Executive Director Mr. Jean-Claude Lasserre resigned citing other professional commitments, and Ms. Stephanie Billet (CEO of Saint-Gobain Surface Solutions) was appointed as Additional Non-Executive Director. The board also recommended a dividend of ₹17 per share (340%) with a record date of July 15, 2025, approved a ₹77 lakh investment in a green power venture, and named Parikh & Associates as secretarial auditor for five years.
Smooth, planned leadership reshuffle within the Saint-Gobain ecosystem suggests business continuity. The slight decline in net profit despite revenue growth and a healthy 340% dividend should be neutral to mildly positive for shareholders, with the CFO change and dividend record date being the key near-term catalysts to watch.