Outcome of Board Meeting

SAINT-GOBAIN October 29, 2026 National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Bandra (East) Fort Mumbai 400 051 Mumbai 400 001 Symbol: GRINDWELL Scrip Code No. 506076 Dear Sir/Madam, Sub: Outcome of the Board Meeting - Approval of Unaudited Financial Results for the quarter and half year ended September 30, 2026, along with the Limited Review Reports The Board of Directors of the Company, at its meeting held today, i.e. October 29, 2026, inter alia, approved the unaudited standalone and consolidated financial results of the Company for the quarter and half year ended September 30, 2026, along with the Limited Review Reports issued by M/s. Kalyaniwalla & Mistry LLP, Statutory Auditors of the Company. The aforesaid financial results along with the Limited Review Reports are enclosed and will also be made available on the Company’s website at www.grindwellnorton.co.in. The same can be accessed through the website link and QR Code provided below. Website Link QR Code https://www.grindwellnorton.co.in/investors/reports#ReportsTabs3 The publication of the financial results of the Company will be made in the newspapers accordingly. The meeting of Board of Directors commenced at 12:30 p.m. IST and concluded at 2:00 p.m. IST. Thanking you, Yours faithfully, For Grindwell Norton Limited Girish T. Shajani Company Secretary Membership No. A22547 Encl: As above GRINDWELL NORTON LIMITED Registered Office: 5th Level, Leela Business Park, Andheri-Kurla Road, Marol, Andheri (East), Mumbai -400 059 • India Tel.: +91 022 4021 2121-26 • Email id.:Sharecmpt.GNO@saint-gobain.com • Fax.: +91 022 4021 2102 www.grindwellnorton.co.in • CIN L26593MH1950PLC008163 KALYANIWALLA & MISTRYLLP CHARTERED ACCOUNTANTS REVIEW REPORT TO THE BOARD OF DIRECTORS GRIND WELL NORTON LIMITED LIMITED REVIEW REPORT 1. We have reviewed the accompanying Unaudited Standalone Financial Results of GRIND WELL NORTON LIMITED ("the Company") for the quarter and half year ended September 30, 2026, together with the Unaudited Standalone Statement of Assets and Liabilities, Unaudited Standalone Statement of Cash Flows and the notes thereon, ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, duly initialled by us for identification. This Statement which is the responsibility of the Company's Management and has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 29, 2026, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' (' Ind AS 34 '), prescribed under section 133 of the Companies Act, 2013 ("the Act") read with relevant Rules issued thereunder, as applicable and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review. 2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. For KALYANIWALLA & MISTRY LLP CHARTERED ACCOUNTANTS Firm Regn. No.: 104607W / W100l66 M. No.: 042454 UDIN: 26042454HBZTZL9618 Mumbai: October 29, 2026. LLP IN : AAH • 3437 REGISTERED OFFICE : ESPLANADE HOUSE, 29, HAZARIMAL SOMANI MARG, FORT, MUMBAI 400 001 TEL.: (91) (22) 6158 6200, 6158 7200 FAX : (91) (22) 6158 6275 GRINDWELL NORTON LIMITED Regd. Office: Leela Busines~ Park, 5th Level, Andheri-Kurla Road, Marol, Andheri (E), Mumbai 400 059. Tel : 022-40212121 • Fax: 022-40212102 • Email: sharecmpt.gno@saint-gobain.com • Website: www.grindwellnorton.co.in GIN - L26593MH19S0PLC008163 UNAUDITED STANDALONE FINANCIAL RES ULT S FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 (f in Lakhs) Quarter ended Half Year ended Year ended 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income (a) Revenue from Operations (1) Sale of products and Service Income 86,222.41 79,119 03 75,818.67 1,65,341 44. 1,44,875 82 3,01 ,321.63 (i1) Other Operating Income 281.64 266.56 303.39 548.20 632.07 1,265 38 Revenue from Operations (i+ii) 86,504.05 79,385.59 76,122.06 1,65,889.64 1,45,507.89 3,02,587.01 (b) Other Income 3,946.79 2,457 93 3,099.13 6,404.72 5,481.63 9,492.30 Total Income 90,450.84 81,843.52 79,221.19 1,72,294.36 1,50,989.52 3, 12,079.31 2 Expenses (a) Cost of materials consumed 31,970.85 27,308 38 24,887 07 59,279.23 48,810 37 1,00,703 09 (b) Purchases of Stock-in-Trade 11,652.86 10,904.59 9,750 02 22.557 45 20,771.68 39,202.69 (c) Changes ,n inventories of finished goods, work-in- progress and stock-in-trade (1,761 40) (2,286.65) 487 28 (4,048.05) (2,718.63) 1,922 42 (d) Employee benefits expense 9,890.69 9,638 55 9,097.48 19.529 24 17,518.72 34 686 03 (e) Finance costs 154 57 133 58 205 76 28815 41316 78216 (f) Oeprec1at1on and amortisation expense 2.643,77 2,580 67 2,562 36 5,224 44 5,083 45 10,228 37 (g) Other expenses 18,345.94 18,12915 18,218 00 36 475 09 34,518 00 69,592 76 Total Expenses 72,897.28 66,408.27 65,207.97 1,39,305.55 1,24,396.75 2,57,117.52 3 Profit before tax (1-2) 17,553.56 15,435.25 14,013.22 32,988.81 26,592.77 54,961.79 4 Tax expense (a) Current Tax 4,521.86 4,039 63 3,554.76 8,561 49 6,715.12 13,686.33 (b) Deferred Tax (109.49) (157 26) (53 37) (266.75) (73.60) 15,62 5 Net Profit for the period (3 -4) 13,141.19 11,552.88 10,511.83 24,694.07 19,951.25 41,259.84 6 Other comprehensive income/(loss), net of Income tax (a) Items that will not be reclassified to profit or loss -Remeasurement of post employment benefits obligations -Ga,nl(Loss) ' 14951 24.95 (193 84) 17446 (116.38) 65.44 -Change 1n fair value of equity instruments at Fair Value through Other Comprehensive Income (FVOCI) -Ga,n 1,822.84 99588 93760 2 818 72 1,752.91 5,52914 Income-tax relating to above items (298 30) (14869) 81 63 (446 99) (54.49) (640 25) (b) Items that will be reclassified to profit or loss -Net Gain /(Loss) on Cash Flow Hedge (59,02) 290.79 1 97 231 77 (554.60) (157 42) Income-tax relating to above item 14 85 (7319) (0.50) (58 34) 13958 39.62 Total other comprehensive income/(loss) for the period 1,629.88 1,089.74 826.86 2,719.62 1,167.02 4,836.53 7 Total comprehensive income for the period (5 + 6) 14,771.07 12,642.62 11,338.69 27,413.69 21,118.27 46,096.37 8 Paid-up equity share capital (Face value f 51-per share) 5,536.00 5,536.00 5,536.00 5,536.00 5,536.00 5,536.00 9 Reserves and Surplus, excluding Revaluation Reserve 2,46,085.33 10 Eamings per equity share off 5 /-each (not annualised): (a) Basic (in f ) 11.87 10.43 9.49 22.30 18.02 37.27 (b) Diluted (1n f ) 11.87 10.43 9.49 22.30 18.02 37.27 See accompanying notes to the standalone financial results GRI [Showing first 8,000 characters — download PDF for full document]