GRINDWELL2023-07-012023-09-30 GRINDWELL2023-07-012023-09-30 GRINDWELL2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member GRINDWELL2023-09-30 GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue03Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue04Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue03Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue04Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults03Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults04Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults03Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults04Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets03Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets04Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member GRINDWELL2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member GRINDWELL2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member GRINDWELL2023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member GRINDWELL2023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GRINDWELL2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member GRINDWELL2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 506076 GRINDWELL NA Grindwell Norton Limited Equity 2023-04-01 2024-03-31 2023-11-08 2023-10-23 INR Lakhs Half yearly 12:30:00 13:40:00 2023-11-08 2023-11-08 true Cash Flow Indirect Not applicable Multi segment 2023-07-01 2023-09-30 Unaudited Standalone 6585000000.00 225900000.00 6810900000.00 2167800000.00 896900000.00 -85400000.00 774700000.00 16000000.00 165200000.00 1532400000.00 5467600000.00 1343300000.00 -32000000.00 1311300000.00 317400000.00 13600000.00 331000000.00 0.00 980300000.00 0.00 0.00 0.00 0.00 980300000.00 -2300000.00 978000000.00 0.00 0.00 553600000.00 5 8.85 8.85 0.00 0.00 8.85 8.85 3. 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. 121,12 Lakhs. Subsequently, pursuant to a Scheme of Amalgamation of PRS with the Company, duly approved by the National Company Law Tribunal, vide its order dated June 22, 2023, all the assets and liabilities of PRS at fair value were transferred to and vested in the Company with effect from May 27, 2022, 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. 46,30 lakhs have been accounted as Goodwill. Pursuant to the Amalgamation, the figures for the previous periods have been restated, with effect from May 27, 2022, to give effect to the Scheme of Amalgamation. The key information pertaining to the previous periods before giving effect to the said Scheme and as published earlier were as under: (Rs. in Lakhs) Particulars Quarter ended Half Year ended Year ended 30-09-2022 30-09-2022 31-03-2023 (Unaudited) (Unaudited) (Audited) Total Income 59,729 1,22,414 2,42,005 Total Expenses 48,237 98,616 1,95,087 Tax expense 2,817 5,967 11,849 Net Profit for the period 8,675 17,831 35,069 Other comprehensive income, net of income tax (62) (124) 688 Earnings per equity share (in Rs.) (Basic and Diluted) 7.84 16.10 31.67 4. The Board of Directors at its meeting held on October 19, 2023, considered and approved the sale of 49% of its equity stake held in SG Shinagawa Refractories India Private Limited, subject to completion of closing condition for a consideration of INR 807 lakhs. The Company has subsequently, on October 26, 2023, executed a Share Sale and Purchase Agreement with Shinagawa Refractories Co. Ltd., (Japan) and SG Shinagawa Refractories India Private Limited. The Company has accounted for the reduction in value of its investment as an exceptional item in the standalone financial results. 5. The Segment wise information as required under Regulation 33 of SEBI LODR, 2015, as amended is furnished in Ann. I. 6. The Unaudited Standalone Statement of Assets and Liabilities as at September 30, 2023, is attached herewith as Ann. II. 7. The Unaudited Standalone Statement of Cash Flows for half year ended September 30, 2023, has been prepared under the indirect method as set out in Ind AS - 7 on the Statement of Cash Flows and is attached herewith as Ann. III. 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