Grindwell Norton Limited's Board of Directors convened on December 12, 2025, addressing key strategic and organizational matters. The meeting, which commenced at 5:35 PM IST and concluded at 6:30 PM IST, resulted in two significant decisions impacting the company's sustainability initiatives and management structure.

Enhanced Investment in Green Energy Initiative

The Board approved a substantial enhancement in the company's investment commitment to Jamnagar Renewables Two Private Limited (JRTPL). The investment quantum has been increased from ₹2.77 crores (sanctioned on May 9, 2025) to an amount not exceeding ₹86.00 lakhs.

This enhancement stems from an increase in the planned capacity of the power producer. The investment aligns with Grindwell Norton's sustainability and operational efficiency objectives, demonstrating the company's commitment to renewable energy adoption. The capital contribution represents the company's proportionate shareholding in JRTPL, in accordance with the Electricity Act and applicable rules.

Key Management Transition

The Board accepted the resignation of Mr. Krishnaswamy Visweswaran from his multiple roles within the organization. His departure encompasses three critical positions that he currently holds.

Mr. Visweswaran submitted his resignation letter on December 12, 2025, citing internal reorganization as the primary reason for his departure. He confirmed that no other material reasons contributed to his resignation decision. His tenure concludes at the close of business hours on February 6, 2026.

Strategic Agreement Terms

The investment in JRTPL involves specific operational and governance arrangements. The Board of JRTPL will be responsible for performing all necessary acts and ensuring compliance with the Companies Act and related rules. Notably, no potential conflict of interest arises from this agreement, and no nominee has been appointed to JRTPL's board.

The parties involved in the agreement are not related to Grindwell Norton's Promoter, Promoter Group, or Group Companies, ensuring the transaction remains at arm's length. The agreement does not fall within the scope of related party transactions.

Regulatory Compliance

Both decisions comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements, including the provision of detailed annexures covering investment terms and resignation particulars. This information will also be made available on the company's official website at www.grindwellnorton.co.in .

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.