Grindwell Norton Limited, a leading manufacturer of abrasives and other industrial products, has announced a significant dividend proposal and important dates for shareholder actions. The company's board has put forth several key decisions that will be of interest to investors and stakeholders.

Dividend Proposal

Grindwell Norton has recommended a final dividend of ₹17.00 per equity share for the financial year 2025. This proposal underscores the company's commitment to delivering value to its shareholders.

Important Dates

Several crucial dates have been set for shareholders to mark on their calendars:

• Record Date: Shareholders on record as of this date will be eligible for the proposed dividend.
• Annual General Meeting (AGM): The dividend proposal will be put to vote at the AGM for shareholder approval.
• Dividend Payment Date: If approved at the AGM, the dividend will be paid out from this date.

Additional AGM Agenda Items

The upcoming Annual General Meeting will not only address the dividend proposal but also include voting on other important matters:

1. Director Appointments: Shareholders will have the opportunity to vote on the appointment of directors.
2. Auditor Remuneration: The meeting will also address the matter of auditor remuneration.

These agenda items highlight the company's focus on corporate governance and transparency in its operations.

Investor Implications

The proposed dividend, if approved, represents a significant return to shareholders. Investors should take note of the record date to ensure their eligibility for the dividend. Additionally, the AGM presents an opportunity for shareholders to participate in key decision-making processes of the company.

Grindwell Norton's dividend proposal and the scheduled shareholder actions reflect the company's financial health and its commitment to shareholder interests. As always, investors are advised to consider their individual financial situations and consult with financial advisors before making investment decisions based on this information.

Grindwell Norton , a leading manufacturer of abrasives and other industrial products, has released its financial results for the fourth quarter of the fiscal year, showcasing resilience in a challenging economic environment.

Q4 Financial Highlights

• Revenue: The company reported a revenue of ₹717.50 crore, marking a 7.11% increase from ₹669.90 crore in the same quarter of the previous year.
• Net Profit: Consolidated net profit stood at ₹88.00 crore, showing a slight decrease of 4.45% compared to ₹92.10 crore in the corresponding quarter last year.
• EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose marginally to ₹138.30 crore from ₹137.40 crore, representing a 0.66% increase year-over-year.
• EBITDA Margin: The EBITDA margin experienced a minor contraction, settling at 17.98% compared to 18.02% in the previous year's quarter.

Dividend Announcement

In a move that will likely please shareholders, Grindwell Norton's board has recommended a dividend of ₹17 per equity share for the fiscal year.

Financial Performance Overview

Annual Performance

For the full fiscal year 2024, Grindwell Norton demonstrated solid growth:

• Annual Revenue: The company's revenue for FY2024 reached ₹2,755.10 crore, a significant increase of 6.07% from ₹2,597.40 crore in FY2023.
• Yearly Net Profit: Net profit for the fiscal year stood at ₹384.00 crore, up by 6.22% compared to ₹361.50 crore in the previous year.
• Operating Profit: The company's operating profit for FY2024 was ₹519.40 crore, showing a growth of 3.96% from ₹499.60 crore in FY2023.

Market Position and Outlook

Grindwell Norton's performance reflects its ability to navigate market challenges while maintaining growth. The company's focus on operational efficiency and strategic market positioning has helped it sustain its financial performance in a competitive landscape.

The recommended dividend underscores the company's commitment to delivering value to its shareholders, even as it manages the balance between rewarding investors and reinvesting for future growth.

As Grindwell Norton moves into the new fiscal year, investors and market analysts will be keenly watching how the company leverages its market position to drive further growth and maintain profitability in the face of ongoing economic uncertainties.