Grindwell Norton Limited has announced receiving an Environmental, Social and Governance (ESG) rating of 62 from NSE Sustainability Ratings and Analytics Ltd (NSRAL) for the financial year 2024-25. The company disclosed this information to stock exchanges under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

ESG Rating Details

The rating assessment was conducted by NSRAL based on publicly available data pertaining to FY 2024-25. The company has clarified that it did not engage NSRAL for the ESG rating process, and the rating agency independently prepared the report using information available in the public domain.

Regulatory Compliance and Disclosure

The disclosure was made to both the National Stock Exchange of India Limited and BSE Limited on January 8, 2026. Company Secretary K. Visweswaran signed the regulatory filing, ensuring compliance with listing obligations. The company has also made the ESG rating information available on its official website at www.grindwellnorton.co.in for stakeholder access.

About the Rating Process

NSRAL's independent assessment methodology relies on publicly disclosed corporate information to evaluate companies across environmental, social, and governance parameters. The rating of 62 reflects the company's performance across these ESG dimensions based on the data available for FY 2024-25. The rating link has been published by NSRAL and is accessible through the company's regulatory filing.

Grindwell Norton has received significant relief from tax authorities following an official communication regarding GST proceedings against the company.

GST Authority Decision

The Goods and Service Tax Authority has issued a demand drop intimation to the company, effectively dropping proceedings against a demand that was raised under section 73. The company received the order from the Office of the Deputy Commissioner of State Tax on December 31, 2025.

Demand Reduction Details

The GST proceedings have resulted in a substantial reduction of the original demand amount. The following table shows the impact of the authority's decision:

This reduction follows the company's reply filed against the Show Cause Notice, demonstrating the effectiveness of their response to the tax authority's concerns.

Company's Position and Next Steps

Grindwell Norton maintains that the reduced demand of ₹4.17 crores is not maintainable based on their assessment. The company has indicated its intention to prefer a further appeal against this remaining demand amount.

The management has clarified that there is no material impact expected on the company's financial, operational, or other business activities as a result of these proceedings.

Regulatory Compliance

The disclosure has been made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency with stakeholders. This development represents a favorable outcome for the abrasives and industrial products manufacturer, significantly reducing the potential financial exposure from the original GST demand.