Grindwell Norton has announced that its board of directors has approved a decision to increase the company's investment in JRTPL to ₹8.60 million. This strategic move demonstrates the company's commitment to strengthening its investment portfolio in associated entities.

Investment Decision Details

The board's approval represents a significant step in Grindwell Norton's investment strategy. The decision to raise the investment amount to ₹8.60 million indicates the company's confidence in JRTPL's business potential and growth prospects.

Strategic Implications

This investment decision reflects Grindwell Norton's strategic approach to expanding its business interests through targeted investments. The board's unanimous agreement on this investment increase suggests alignment with the company's long-term business objectives and growth strategy.

The investment in JRTPL forms part of Grindwell Norton's broader portfolio management approach, allowing the company to diversify its business interests while maintaining focus on its core operations in the abrasives and industrial products sector.

Grindwell Norton Limited has received a significant favorable order from GST authorities, completely dropping a demand of ₹12.98 crores to nil for Input Tax Credit mismatch during the period 2021-22. The company disclosed this major development under Regulation 30 of the SEBI Listing Regulations on December 26, 2025.

GST Demand Resolution Details

The favorable order was received on December 25, 2025, following the company's submissions and representations to the GST Authority. This resolution pertains to one of the Show Cause Notices that was part of a larger GST demand aggregating to ₹36.55 crores, which the company had initially disclosed on September 30, 2025.

Outstanding GST Matters

While this represents a significant positive development, the company still has another Show Cause Notice pending adjudication. The remaining matter involves material movements for job-work transactions amounting to ₹23.57 crores, which is currently under review by the authorities.

Financial and Operational Impact

According to the regulatory disclosure, the favorable order has no material impact on the financial, operational, or other activities of the company. The resolution eliminates a substantial potential liability and validates the company's Input Tax Credit claims for the period 2021-22, demonstrating the legitimacy of its tax compliance practices.

Regulatory Compliance

The company has maintained its position that there are no violations or contraventions committed in this matter. The successful resolution of this significant GST demand showcases Grindwell Norton's robust compliance framework and its ability to effectively represent its case before tax authorities. The company continues to work on resolving the remaining pending matter through appropriate legal channels.