Mr Jean-Claude Lasserre (DIN: 10082026), Non-Executive Director of the Company has resigned from the Board of Company with effect from the close of business hours of May 9, 2025 due to ....
Awaiting price reaction for this filing.
Grindwell Norton Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations grew ~3.2% YoY to ₹2,73,736 lakhs, but net profit declined ~5.2% to ₹36,083 lakhs (EPS ₹32.59 vs ₹34.39). The Board recommended a dividend of ₹17 per share (340%) on a face value of ₹5, with record date July 15, 2025 and AGM on July 25, 2025. Mr. Jean-Claude Lasserre resigned as Non-Executive Director due to other professional commitments; Ms. Stephanie Billet (Saint-Gobain Surface Solutions CEO) was appointed as Additional Non-Executive Director. 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 the new CFO. The Board also approved up to ₹77 lakh investment in Jamnagar Renewals Two Pvt Ltd for sourcing 0.8 MW green power and appointed Parikh & Associates as Secretarial Auditors for five years.
Modest top-line growth offset by a slight decline in profits, but the 340% dividend signals strong cash returns to shareholders. The CFO transition is internal and well-managed — the outgoing CFO retains an Executive Director role while the incoming CFO is a long-tenured insider, minimising execution risk. Green power investment signals progress on sustainability initiatives.