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

The Board of Directors has confirmed the retirement of Mr. B. Santhanam as Managing Director, effective March 31, 2025. Mr. Venugopal Shanbhag has been appointed as the new Managing Director for a five-year term starting April 1, 2025, pending shareholder approval. Additionally, Mr. Hari Singudasu will join as an Executive Director and continue as CFO, also for five years from April 1, 2025. This leadership transition may enhance operational stability and business continuity, which could positively influence investor sentiment as the company progresses with experienced internal candidates at the helm.