Grindwell Norton Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations )
GRINDWELL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.3 pts more than its Abrasives & Bearings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Grindwell Norton informed the exchanges that the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has dropped a tax demand originally raised against the company. The demand related to service tax credit on job work invoices for the financial year 2016-17, where the Commissioner of Central GST (Thane Rural) had ordered payment of tax and penalty totalling ₹7.98 lakhs. After reviewing the company's submissions, CESTAT set the demand to Nil. The company received the order on February 19, 2026, and has confirmed there is no material impact on its finances or operations.
This is a positive outcome for shareholders — the company won a long-pending tax dispute with no financial liability. The amount involved (₹7.98 lakhs) was already small relative to the company's size, and the Nil demand means no out-of-pocket hit.