Grasim Industries Limited — Others, 22-05-2025: Retirement

Grasim Industries has announced a board meeting to approve the financial results for the quarter and half-year alongside key management changes. The Board approved audited standalone net profit of ₹212.10 crore and consolidated net profit of ₹7,756.33 crore for the year, proposing a dividend of ₹10 per share. Exceptional charges included ₹114 crore from closing Birla Advanced Knits and ₹50 crore write-off due to litigation delays. Hemant Kumar Kadel will be the new CFO, and Sailesh Kumar Daga resigned as Company Secretary. Consolidated results reflect new subsidiaries from recent acquisitions, with stable margins, a 1.16x debt-equity ratio, and strong cash flow. Five of six paint plants started commercial operations, boosting growth.