Grindwell Norton Limited — Others, 20-02-2025: Appointment

The Board of Directors has noted the retirement of Mr. B. Santhanam as Managing Director, effective March 31, 2025. To succeed him, Mr. Venugopal Shanbhag has been appointed as Managing Director for five years starting April 1, 2025, subject to shareholder approval via Postal Ballot. Additionally, Mr. Hari Singudasu has been appointed as an Additional Director and Whole-Time Director, also for five years from April 1, 2025. These leadership changes reflect the company’s strategy to leverage experienced personnel and maintain operational continuity. Investors may view this as a positive outlook given the new appointments' strategic relevance and proven track record within the organization.