Grindwell Norton Limited has received an Environmental, Social and Governance (ESG) rating of 65.8 from SES ESG Research Private Limited for FY 2024-25. The company disclosed this development to stock exchanges in compliance with regulatory requirements under SEBI Listing Regulations.

ESG Rating Details

The company received email intimation from BSE Limited informing that SES ESG Research Private Limited had submitted the ESG disclosure. The rating assessment covers environmental, social, and governance parameters for the financial year 2024-25.

Independent Assessment Process

Grindwell Norton clarified that it did not engage SES ESG Research Private Limited for obtaining this ESG rating. The rating was independently assigned by SES based on information about the company available in the public domain. This approach reflects the growing trend of independent ESG assessments by research firms using publicly available corporate data.

Regulatory Compliance and Disclosure

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also made this information available on its official website at www.grindwellnorton.co.in , ensuring transparency and accessibility for stakeholders.

Company Information

Grindwell Norton Limited operates from its registered office at 5th Level, Leela Business Park, Andheri-Kurla Road, Marol, Andheri (East), Mumbai. The disclosure was signed by Company Secretary Girish T. Shajani on March 13, 2026, maintaining proper corporate governance protocols in the communication to stock exchanges.

Grindwell Norton Limited has received a favorable outcome in its GST proceedings, with the Assistant Commissioner of Commercial Taxes, Bengaluru dropping the entire tax demand to nil. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI Listing Regulations.

Tax Demand Resolution Details

The favorable order pertains to proceedings that were initiated under multiple GST provisions. The tax authority had issued a show cause notice for a significant amount, which has now been completely waived off following the company's response.

Legal Framework and Proceedings

The original proceedings were initiated under Section 73 of the KGST Act, 2017 read with Rule 142 of the KGST Rules, 2017, along with Section 6 of the CGST Act, 2017 and Section 20 of the IGST Act, 2017. The company had previously informed stakeholders about this matter through an intimation dated January 28, 2026.

Following the company's reply to the show cause notice, the tax authority reviewed the case and issued the drop order, effectively closing the proceedings without any financial liability for the company.

Business Impact Assessment

The company has confirmed that this favorable tax order will have no material impact on its financial, operational, or other business activities. This outcome eliminates the potential financial liability that was under consideration and provides clarity on the company's tax position for the relevant period.

The resolution demonstrates the company's effective handling of regulatory matters and its ability to successfully defend its position before tax authorities. The complete waiver of the demand amount represents a positive development for the company's financial standing.