Grindwell Norton Limited has informed the Exchange that Board of Directors at its meeting held on May 09, 2025, recommended Final Dividend of Rs. 17 per equity share.
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Grindwell Norton's board met on May 9, 2025 and approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025, with an unmodified auditor opinion from Kalyaniwalla & Mistry LLP. For FY25, standalone revenue from operations rose modestly to Rs. 2,73,736 lakhs (vs Rs. 2,65,168 lakhs in FY24, about 3.2% growth), while net profit declined to Rs. 36,083 lakhs from Rs. 38,072 lakhs (down ~5.2%), and EPS fell to Rs. 32.59 from Rs. 34.39. The board recommended a final dividend of Rs. 17 per share (340% on Rs. 5 face value), subject to shareholder approval at the July 25, 2025 AGM, with a record date of July 15, 2025. Additionally, Non-Executive Director Mr. Jean-Claude Lasserre resigned and Ms. Stephanie Billet was appointed in his place; CFO Mr. Hari Singudasu stepped down (continuing as Executive Director focused on strategy and M&A) and Mr. Prakash Sabarad was appointed as new CFO.
Shareholders stand to receive a strong Rs. 17 per share dividend, but the slight decline in net profit despite revenue growth may temper sentiment. The CFO transition and strategic reshuffle signal continuity in leadership, while the small Rs. 77 lakh investment in green power sourcing reflects incremental sustainability efforts.