Grindwell Norton Limited (GRINDWELL) Board Meeting —

Net Profit: ₹41,678.89 Cr

📢 Key Event
Board approved FY2026 financial results and proposed ₹19 dividend per share.

🔄 What Changed
Net profit of ₹41,678.89 lakhs and total comprehensive income of ₹46,514.08 lakhs reflect improved profitability year-on-year.

🔮 What's Next
AGM scheduled for July 24, 2026, to seek shareholder approval for the dividend recommendation.

💡 Investor Takeaway
The dividend proposal signals management confidence in financial performance and returns value to shareholders pending AGM approval.

Grindwell Norton Limited announced the outcome of its May 8, 2026 board meeting, approving audited standalone and consolidated financial results for the year ended March 31, 2026, with an unmodified audit opinion from Kalyaniwalla & Mistry LLP. The board recommended a dividend of ₹19 per share (380% of ₹5 face value), subject to shareholder approval at the AGM on July 24, 2026, with a record date of July 10, 2026. Financial highlights include total income of ₹3,16,811.20 lakhs, net profit of ₹41,678.89 lakhs, and total comprehensive income of ₹46,514.08 lakhs. The company confirmed compliance with SEBI LODR and Ind AS, and noted no material uncertainty regarding going concern.

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