Grindwell Norton Limited has received a GST order from tax authorities in Bengaluru, requiring the company to pay ₹29.77 lakhs towards tax, interest and penalty. The company disclosed this development to stock exchanges on December 11, 2025, under regulatory compliance requirements.

Order Details and Background

The order was issued by the Office of the Deputy Commissioner of Commercial Taxes, Bengaluru, and pertains to Input Tax Credit matters for the financial year 2021-22. The company received the official communication on December 11, 2025.

Company's Response and Next Steps

Grindwell Norton has indicated that it is evaluating all available options to address the order, including the possibility of filing an appeal against the decision. The company is taking a measured approach to assess the best course of action regarding this tax matter.

Impact Assessment

The company has clarified that this GST order will not have any material impact on its financial, operational or other business activities. This assessment suggests that the order amount, while significant, is manageable within the company's current financial framework and does not pose operational challenges.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to maintaining transparency with stakeholders and regulatory compliance. The information was simultaneously communicated to both the National Stock Exchange of India Limited and BSE Limited.

Grindwell Norton , a leading manufacturer of abrasives and other industrial products, has reported a significant increase in its quarterly revenue and profit for the second quarter of the fiscal year.

Financial Highlights

The company's financial performance shows notable growth compared to the same period last year:

Revenue Growth

Grindwell Norton's revenue for the quarter reached ₹7.75 billion, marking a 12.3% increase from ₹6.90 billion in the corresponding quarter of the previous year. This growth indicates a strong performance in the company's core business segments.

Profit Improvement

The company's consolidated net profit also saw a significant rise, reaching ₹1.07 billion compared to ₹960.00 million in the same period last year. This represents an 11.5% year-over-year increase in profitability.

The robust financial results suggest that Grindwell Norton has maintained its growth trajectory despite challenging market conditions. The company's ability to increase both revenue and profit indicates effective cost management and possibly improved operational efficiency.

Investors and market analysts may view these results positively, as they demonstrate the company's capacity for sustained growth in the industrial sector. However, it's important to note that this snapshot of quarterly performance should be considered alongside broader market trends and the company's long-term strategy for a comprehensive understanding of Grindwell Norton's financial health and future prospects.