Please find attached herewith the intimation of 76th Annual General meeting of the Company to be held on Friday, July 24, 2026.
GRINDWELL · price
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Grindwell Norton Limited reported strong full-year results for FY ended March 2026. Standalone revenue from operations grew to ₹3,02,587 lakh from ₹2,73,736 lakh in the prior year, a rise of about 10.5%. Net profit improved to ₹41,260 lakh from ₹36,083 lakh, up roughly 14%. Earnings per share stood at ₹37.27. The Board recommended a dividend of ₹19 per equity share (380% on ₹5 face value), payable from July 28, 2026, subject to shareholder approval at the 76th AGM on July 24, 2026. The statutory auditor, Kalyaniwalla & Mistry LLP, issued an unmodified (clean) opinion on both standalone and consolidated financial results. The consolidated results include the subsidiary Saint-Gobain Ceramic Materials Bhutan and joint venture Advanced Synthetic Minerals.
The company delivered double-digit revenue and profit growth with a clean audit, signalling financial health. The ₹19 dividend is positive for shareholders. The stock is likely to react positively given the strong PAT growth and clean audit opinion.