Mr. Hari Singudasu (DIN: 10455516), Executive Director, tendered his resignation from the position of CFO of the Company with effect from the close of business hours of May 9, 2025. Mr. ....
Awaiting price reaction for this filing.
Grindwell Norton reported audited FY25 standalone revenue of ₹2,73,736 lakhs (up ~3.2% YoY) but net profit declined ~5% to ₹36,083 lakhs versus ₹38,072 lakhs last year; Q4 FY25 net profit was ₹9,133 lakhs vs ₹9,350 lakhs in Q4 FY24. The Board recommended a dividend of ₹17 per share (340%) with July 15, 2025 as record date and AGM on July 25, 2025. Executive Director Hari Singudasu stepped down as CFO (effective May 9, 2025) to focus on business development, strategy and M&A, and was replaced by long-time Saint-Gobain veteran Prakash Sabarad. Non-Executive Director Jean-Claude Lasserre resigned citing professional commitments and was replaced by Stephanie Billet (CEO of Saint-Gobain Surface Solutions). The company also approved a small green-power investment of up to ₹77 lakhs in Jamnagar Renewals Two Private Limited.
Shareholders benefit from a strong 340% dividend and an orderly, internal CFO succession that preserves continuity. The slight dip in annual profit despite revenue growth may draw some attention, but the underlying business remains healthy with stable margins and a clear strategic direction.