Grindwell Norton Limited has announced that it received an Environmental, Social and Governance (ESG) rating of 67 from CFC Finlease Private Limited for the financial year 2024-25. The company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESG Rating Details

The company received email intimation from BSE Limited informing about CFC Finlease Private Limited's submission of the ESG disclosure. The rating assessment was conducted independently by CFC without any engagement from Grindwell Norton Limited.

Independent Assessment Process

Grindwell Norton Limited emphasized that it did not engage CFC Finlease Private Limited for obtaining an ESG rating. The ESG rating of 67 was assigned independently by CFC based on information pertaining to the company that is available in the public domain for FY 2024-25.

Regulatory Compliance and Disclosure

The disclosure has been made in compliance with SEBI regulations and is also available on the company's official website at www.grindwellnorton.co.in . The announcement was signed by Girish T. Shajani, Company Secretary with membership number A22547, and digitally authenticated on February 24, 2026.

This ESG rating disclosure represents part of the company's ongoing commitment to transparency and regulatory compliance in environmental, social, and governance matters.

Grindwell Norton Limited has received a favorable order from the Customs, Excise & Service Tax Appellate Tribunal, resulting in the complete dropping of a service tax demand to nil. The company disclosed this development to stock exchanges on February 20, 2026, under Regulation 30 of SEBI listing regulations.

Tribunal Order Details

The appellate tribunal's order pertains to a previous demand from the Commissioner Central Goods and Services Tax - Thane Rural. The original order required payment of tax and penalty amounting to ₹7.98 lakhs for matters related to service tax credit against job work invoices during the 2016-17 period.

Nature of the Dispute

The case involved service tax credit against job work invoices, where the company had faced allegations of contraventions related to these credits. The appellate tribunal reviewed the matter following submissions and representations made by Grindwell Norton Limited.

Financial Impact

The company has stated that there is no material impact on its financial, operational, or other activities following this favorable outcome. The complete dropping of the demand provides relief from the original tax and penalty obligation of ₹7.98 lakhs.

Regulatory Compliance

The disclosure was made by Company Secretary Girish T. Shajani under the mandatory reporting requirements for listed companies. This development represents a positive resolution to a tax dispute that had been pending since the 2016-17 assessment period.