Grindwell Norton Limited has received a show cause notice from the GST authority demanding payment of ₹22.59 lakh related to Input Tax Credit matters for the financial year 2020-21. The company disclosed this development to the stock exchanges on January 28, 2026, under Regulation 30 of the SEBI Listing Regulations.

GST Notice Details

The show cause notice was issued by the Assistant Commissioner of Commercial Taxes (Audit-5.2) DGSTO-5, located at V.T.K-2 Building, Rajendranagara, Koramangala, Bangalore. The notice pertains to alleged violations related to Input Tax Credit claims during FY 2020-21.

Company's Response

Grindwell Norton Limited has indicated that it will file a reply against the show cause notice received from the GST authority. The company's management has assessed the situation and provided clarity on the potential impact of this development.

Financial Impact Assessment

According to the company's disclosure, there is no material impact on financial, operational or other activities of the company due to this order. The management has stated that the show cause notice will be addressed through appropriate legal channels by filing a comprehensive reply to the tax authorities.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary K. Visweswaran signed the regulatory filing, ensuring transparency with stakeholders regarding this tax-related development.

The company operates from its registered office at Leela Business Park, Andheri (East), Mumbai, and continues its business operations while addressing this regulatory matter through proper legal procedures.

Grindwell Norton Limited has announced its upcoming board meeting scheduled for February 6, 2026, where directors will review and approve the company's unaudited financial results for the third quarter of FY26. The meeting will address financial performance for both the quarter and nine months ended December 31, 2025.

Board Meeting Details

The upcoming gathering represents the fifth board meeting for the financial year 2025-26. The company has formally notified both major stock exchanges - the National Stock Exchange of India Limited and BSE Limited - about this scheduled meeting as required under regulatory guidelines.

Regulatory Compliance

Grindwell Norton Limited has ensured full transparency by making the board meeting notice accessible through multiple channels. The notification has been published on the company's official website at www.grindwellnorton.co.in , providing stakeholders with easy access to this important corporate announcement.

Additionally, the meeting notice is available on both stock exchange websites - www.bseindia.com and www.nseindia.com - ensuring comprehensive market visibility and regulatory compliance.

Company Information

The announcement was signed by K. Visweswaran, Company Secretary with membership number A16123, on January 16, 2026. Grindwell Norton Limited operates from its registered office located at 5th Level, Leela Business Park, Andheri-Kurla Road, Marol, Andheri (East), Mumbai - 400 059.

The company trades on stock exchanges under the symbol GRINDWELL on NSE and scrip code 506076 on BSE. This scheduled board meeting follows standard corporate governance practices for publicly listed companies in India, ensuring timely disclosure of financial performance to shareholders and market participants.