GRINDWELL2024-01-012024-03-31 GRINDWELL2024-01-012024-03-31 GRINDWELL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member GRINDWELL2024-03-31 GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue03Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue04Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue03Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue04Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults03Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults04Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults03Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults04Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets03Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets04Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member GRINDWELL2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member GRINDWELL2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member GRINDWELL2024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member GRINDWELL2024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 506076 GRINDWELL NOTELISTED Grindwell Norton Limited Equity 2023-04-01 2024-03-31 2024-05-06 2024-04-16 INR Lakhs Yearly 12:30:00 14:30:00 2024-05-06 2024-05-06 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Audited Standalone 6814500000.00 172900000.00 6987400000.00 2156200000.00 897000000.00 33400000.00 890200000.00 16700000.00 189100000.00 1589400000.00 5772000000.00 1215400000.00 0.00 1215400000.00 260800000.00 19600000.00 280400000.00 0.00 935000000.00 0.00 0.00 0.00 0.00 935000000.00 257000000.00 1192000000.00 0.00 0.00 553600000.00 5 8.44 8.44 0.00 0.00 8.44 8.44 1. The Standalone Financial Results for the quarter and year ended March 31, 2024, ( SFR ) have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 06, 24. These SFR have been subject to an audit by the statutory auditor of the Company, who have expressed an unmodified opinion thereon. These SFR are prepared and published in accordance with Regulation 33 of the SEBI Listing Regulations, 2015, as amended. 2. The SFR are prepared in accordance with the recognition and measurement principles of Ind AS, as amended, prescribed under in law. 3. The figures for the qtr ended March 31, 24 and March 31, 23 are the balancing figures between audited figures for the full financial year and the published year to date figures upto third qtr of the respective FY. 4.During the quarter ended June 30, 2022, the Company had acquired 100% equity shares of PRS Permacel Private Limited (PRS) for a consideration of Rs. 12,112 lakhs. Subsequently, pursuant to a Scheme of Amalgamation of PRS with the Company, duly approved by the NCLT, vide its order dated June 22, 23, all the assets and liabilities of PRS at fair value were transferred to and vested in the Company with effect from May 27, 22, being the appointed date. The excess of consideration paid over and above the fair value of the assets and liabilities taken over amounting to Rs. 4,630 lakhs have been accounted as Goodwill. 5. The Company has executed a Share Sale and Purchase Agreement with Shinagawa Refractories Co. Ltd. (Japan), and SG Shinagawa Refractories India Private Limited for the sale of 49% of its equity stake held in SG Shinagawa Refractories India Private Limited on October 26, 2023, for a consideration of Rs. 807 lakhs. The closing transfer procedures have been completed on November 30, 2023. The Company has accounted for the loss on sale of investment of Rs.320 lakhs as an exceptional item in the standalone financial results. The figures for the previous periods have been restated, with effect from May 27, 2022, to give effect to the Scheme. The key information pertaining to the previous periods before giving effect to the said Scheme and as published earlier were as under: 6. The Board of Directors at its meeting held on Dec 22, 23, considered and approved the investment of Rs. 1,500 lakhs towards acquiring a 49% stake in the equity share capital in Advanced Synthetic Minerals Private Limited (“ASMPL”). Subsequent to this approval, the Company executed a Shareholders Agreement and Share Issue Agreement with ASMPL and its promoters on January 17, 2024. The Company subscribed to 49% equity shares offered by ASMPL on January 24, 2024. 7. The Segment wise information as required under Reg 33 of SEBI Listing Regulations, 2015, as amended, is furnished in Annx. I. 8. The Standalone Statement of Assets and Liabilities as at March 31, 24, is attached as Annx. II. 9. The Standalone Statement of Cash Flows for the year ended March 31, 24, has been prepared under the indirect method as set out in Ind AS - 7 on the Statement of Cash Flows and is attached as Annx. III. 10. Dividend of Rs. 17/- per equity share of Rs. 5 /- each, has been recommended by the Board of Directors, in the Board meeting held on May 6, 24, which is subject to the approval of shareholders at the ensuing Annual General Meeting. 11.The standalone financial results are available on the BSE Limited, NSE website and on the Company's website, www.grindwellnorton.co.in. 12. Previous period figures have been re-grouped / re-classified wherever necessary, conform to current period‘s classification. The details of regrouping are as follows - Regrouped to Regrouped from Amount (Rs. in Lakhs) Reasons Provisions - Non Current Trade payables 1,288 For appropriate disclosures Multi segment 2023-04-01 2024-03-31 Audited Standalone 26516800000.00 683100000.00 27199900000.00 8732400000.00 3333100000.00 -96200000.00 3229100000.00 69200000.00 688300000.00 6163700000.00 22119600000.00 5080300000.00 -32000000.00 5048300000.00 1217300000.00 23800000.00 1241100000.00 0.00 3807200000.00 0.00 0.00 0.00 0.00 3807200000.00 248800000.00 4056000000.00 0.00 0.00 553600000.00 5 19923300000.00 34.39 34.39 0.00 0.00 34.39 34.39 Other Expenses 1589400000.00 Other Expenses 6163700000.00 5582000000.00 1271900000.00 791800000.00 467900000.00 467200000.00 3200000.00 2629200000.00 77800000.00 289300000.00 2996300000.00 297700000.00 11878000000.00 4741200000.00 4472600000.00 3525600000.00 484500000.00 1639400000.00 15300000.00 238500000.00 10375900000.00 0.00 433100000.00 15550200000.00 0.00 0.00 27428200000.00 553600000.00 19956900000.00 20510500000.00 20510500000.00 63600000.00 532800000.00 596400000.00 496000000.00 221000000.00 0.00 3100000.00 1316500000.00 50000000.00 3616200000.00 1030100000.00 4696300000.00 476500000.00 349400000.00 79000000.00 0.00 5601200000.00 0.00 0.00 6917700000.00 27428200000.00 Abrasives 3660400000.00 Ceramics & Plastics 2667500000.00 Digital Services 450700000.00 Other 86200000.00 Abrasives 13583300000.00 Ceramics & Plastics 10667200000.00 Digital Services 1889200000.00 Other 540900000.00 6864800000.00 26680600000.00 50300000.00 163800000.00 6814500000.00 26516800000.00 Abrasives 525700000.00 Ceramics & Plastics 459500000.00 Digital Services 126100000.00 Other 10200000.00 Abrasives 1894200000.00 Ceramics & Plastics 2031000000.00 Digital Services 613900000.00 Other 100100000.00 1121500000.00 4639200000.00 16700000.00 69200000.00 -110600000.00 -478300000.00 1215400000.00 5048300000.00 Abrasives 7937100000.00 Ceramics & Plastics 8301400000.00 Digital Services 804700000.00 Other 519100000.00 17562300000.00 9865900000.00 27428200000.00 Abrasives 2816000000.00 Ceramics & Plastics 2628100000.00 Digital Services 705800000.00 Other 212000000.00 6361900000.00 555800000.00 6917700000.00 69200000.00 -229700000.00 -751900000.00 0.00 8100000.00 -800000.00 -112700000.00 0.00 0.00 872000000.00 0.00 -58300000.00 -1100000.00 688300000.00 0.00 0.00 83100000.00 -116800000.00 0.00 2300000.00 94100000.00 151200000.00 16400000.00 0.00 0.00 0.00 0.00 -257500000.00 0.00 -34700000.00 5013600000.00 0.00 0.00 0.00 1374300000.00 0.00 3639300000.00 0.00 0.00 0.00 0.00 80700000.00 150000000.00 0.00 0.00 5600000.00 1633800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 94100000.00 118400000.00 0.00 -272500000.00 0.00 -1757500000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 80100000.00 56000000.00 45700000.00 87200000.00 1605400000.00 23500000.00 0.00 -1200000.00 -1738900000.00 142900000.00 0.00 142900000.00 341600000.00 484500000.00 317500000.00 306600000.00 60500000.00 57800000.00