Please find attached herewith the intimation regarding the 75th Annual General Meeting of the Company to be held on Friday, July 25, 2025 through Video Conferencing /Other Audio Visual ....
Awaiting price reaction for this filing.
Grindwell Norton Limited reported its audited standalone and consolidated financial results for FY25 (ended March 31, 2025) with an unmodified auditor's opinion from Kalyaniwalla & Mistry LLP. Standalone revenue from operations rose to ₹2,73,736 lakhs from ₹2,65,168 lakhs in FY24 (about 3.2% growth), but net profit declined to ₹36,083 lakhs from ₹38,072 lakhs, and EPS fell to ₹32.59 from ₹34.39. The Board recommended a dividend of ₹17 per share (340%) on a face value of ₹5, subject to shareholder approval at the 75th AGM on July 25, 2025, with a record date of July 15, 2025. Mr. Jean-Claude Lasserre resigned as Non-Executive Director and Ms. Stephanie Billet (Saint-Gobain Surface Solutions CEO) was appointed in his place; Mr. Hari Singudasu stepped down as CFO (continuing as Executive Director) and Mr. Prakash Sabarad was appointed as the new CFO. The Board also approved a small ₹77 lakh investment in Jamnagar Renewals Two Pvt Ltd for sourcing 0.8 MW of green power, and appointed Parikh & Associates as Secretarial Auditors for five years.
A modest revenue rise coupled with a 5% drop in net profit suggests margin pressure, though the generous ₹17 dividend keeps the stock attractive for income-focused investors. Management continuity is preserved with internal transitions (CFO change is internal), and the green power investment signals a step toward sustainability goals with negligible capital outlay.