Please find attached intimation regarding dividend and record date.
Awaiting price reaction for this filing.
Grindwell Norton's board has recommended a dividend of ₹17 per share (340%) on the ₹5 face value for FY25, subject to shareholder approval at the AGM on July 25, 2025. The record date has been fixed as July 15, 2025, with dividend payment from July 29, 2025. Audited FY25 standalone results show total income of ₹2,81,722 lakhs (up ~3.6% YoY) but net profit of ₹36,083 lakhs (down ~5.2% YoY), with EPS at ₹32.59 vs ₹34.59 prior year. The company also reported director and CFO changes: Mr. Jean-Claude Lasserre resigned and Ms. Stephanie Billet was appointed as Non-Executive Director; Mr. Hari Singudasu stepped down as CFO (continuing as Executive Director) and Mr. Prakash Sabarad was named new CFO. Additionally, the board approved up to ₹77 lakhs investment in Jamnagar Renewals Two for sourcing green power.
Shareholders benefit from a higher dividend payout versus last year, but the ~5% dip in net profit may temper near-term sentiment. Leadership transition at CFO level is routine and signals continuity, given Prakash Sabarad's long tenure within the Saint-Gobain group. Overall, a stable annual outcome with a focus on sustainability (green power investment) and shareholder returns.