Grindwell Norton Limited

6.5%

20 Years > 15 years > 10 years ECONOMIC UPDATE ➢ RBI lowered GDP growth projection for 2023-24 to 6.5% & remains cognizant of risks posed to growth by geopolitical tensions & global financial market vo

5.6%

risks posed to growth by geopolitical tensions & global financial market volatility ➢ IIP rose by 5.6% YoY basis in Feb’23; led by a growth in 12 out of 23 sub-groups of manufacturing sector ➢ Consumer

5.7%

by a growth in 12 out of 23 sub-groups of manufacturing sector ➢ Consumer Price Index moderates to 5.7% in Mar’23 vs 6.4% in Feb’23; WPI dropped to 1.3% in Mar’23 vs 3.9% in Feb’23 ➢ Manufacturing & Ser

6.4%

out of 23 sub-groups of manufacturing sector ➢ Consumer Price Index moderates to 5.7% in Mar’23 vs 6.4% in Feb’23; WPI dropped to 1.3% in Mar’23 vs 3.9% in Feb’23 ➢ Manufacturing & Service PMI suggest f

1.3%

turing sector ➢ Consumer Price Index moderates to 5.7% in Mar’23 vs 6.4% in Feb’23; WPI dropped to 1.3% in Mar’23 vs 3.9% in Feb’23 ➢ Manufacturing & Service PMI suggest favorable demand conditions ➢ M

3.9%

onsumer Price Index moderates to 5.7% in Mar’23 vs 6.4% in Feb’23; WPI dropped to 1.3% in Mar’23 vs 3.9% in Feb’23 ➢ Manufacturing & Service PMI suggest favorable demand conditions ➢ M PMI 57.2 in Apr‘2

3.6%

6.4 in Mar’23) ➢ S PMI 62.0 in Apr‘23 (vs 57.8 in Mar’23 ) ➢ Eight-core industries growth rose by 3.6% in Mar’23 on YoY vs 7.2% in Feb’23 as rainfall & high base impacted output for some sectors ➢ Pas

7.2%

2.0 in Apr‘23 (vs 57.8 in Mar’23 ) ➢ Eight-core industries growth rose by 3.6% in Mar’23 on YoY vs 7.2% in Feb’23 as rainfall & high base impacted output for some sectors ➢ Passenger vehicle sales mark

13%

ainfall & high base impacted output for some sectors ➢ Passenger vehicle sales marked a growth of 13%, registering sales of about 3.31 lakh units during Apr’23; however, shortage of semiconductors exp

3.31 lakh

put for some sectors ➢ Passenger vehicle sales marked a growth of 13%, registering sales of about 3.31 lakh units during Apr’23; however, shortage of semiconductors expected to continue in future ➢ Housing

22%

however, shortage of semiconductors expected to continue in future ➢ Housing sector sales grew by 22% during Q1 2023. Sales rose to 85,850 units across eight cities in Jan-Mar’23 vs 70,630 units in th

12%

ts across eight cities in Jan-Mar’23 vs 70,630 units in the year-ago period ➢ GST collection rose 12% vs last year to over ₹1.9 trillion in Apr’23 marking highest ever collection 4 INDIA: GDP & IIP G

“Crores) CAGR: 2016-17 to 2022-2023 GNO Rev.”

“Crores) CAGR 2016-17 to 2022-23: GDP : 4.4% Abrasives : 7.5% C&P, Tech & Digital Services : 15.4% 12 536 567 631 659 707 877 1,266 827 887 968 920 931 1,136 1,275 - 500 1,000 1,50016/1717/1818/1919/2020/2121/2222/23C&P, Tech & DigitalServicesAbrasives KEY FINANCIAL INDICATORS – OPERATING MARGIN (Rs.”

“2016-17 to 2022-23 : 18.1% CAGR 2016-17 to 2022-23: - Abr.”

GNO Op. Profit CAGR

2

Presentation

1

Video Recording

1

Index

1

GNO PAT CAGR

1

Presentation

https://www.grindwellnorton.co.in/sites/grindwellnorton.coin/files/investors_information /financial_information/GNO_Investor_Meet_Presentation_2023_R2.pdf

Video Recording

https://www.canva.com/design/DAFisq0Ij00/W5aoOkpEbMMrqJI9OJfPWQ/watch?utm_c ontent=DAFisq0Ij00&utm_campaign=designshare&utm_medium=link&utm_source=publish sharelink Kindly take the same on record. Thanking you, Yours faithfully, For Grindwell Norton Limited K. Visweswaran Company Secretary Membership No. A16123 Encl: As above. Grindwell Norton Ltd. GNO Organisation FUNCTIONS BUSINESSES Abrasives Singudasu Hari Plastics, SiC, Corp. Services Finance Deepak Chindarkar Digital Services Anand Bhushan FSSC Vidya Shankar Corp.M&A, EHS, HR Krishna Prasad HR Anwesa Sen EHS C S Divakar Legal & Tax K. Viswesh PCR K. Shekar S&M, BH Amit Koul Coated K.S. Gopal SCM Poovannan Finance Neilesh Ved SiC Lokesh Pai PPL Ritesh Patterson Permacel Nityanand Shenoy Finance Vikas Kakani PCR Vidosh Sarup S&M, BH, Chnl Head Yogesh K. Prtn Ac.+ Indirect Ch S. C. Dey NonWoven V. S. Nagaraj AutoAfter System Yogesh Khandekar SPC S. Kumaran IT Binita Prasad Operations MV Satyanarayana Operations PPL Adesh S. Project

Index

Broad Recovery : Feb 2020 = 100 GNO Sales : Avg. 2019 = 100 Broad Recovery Index GNO 127 127 124 109 112 99 102 85 108 90 99 101 93 91 61 57 158 157 149 165 138 110 112 110 114 114 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 6 GNO-Key Indicators Key Indicators and Trends and Trends 7 KEY FINANCIAL INDICATORS – REVENUE FROM OPERATION (Rs. Crores) Key Financials(As Published)FY 20-21FY 21-22FY 22-23Growth 22-23 vs 21-22Revenue from Operations16382013254126.3%Operating Profit (PBIT)32140049423.4%Profit Before Tax31739648622.8%Net Profit for the period23829536222.5%Revenue from Operations16382013254126.3%OP Margin (on Net Revenue from Operations)19.6%19.9%19.4%Business OP Margin17.5%18.7%18.1%Bussiness Assets Turnover Ratio2.782.612.62Return on Business Assets (ROI on business OP)48.7%48.6%47.6% REVENUE FROM OPERATIONS BRIDGE Apr 21 - Mar 22 Rs.2013 Increase Rs.529 crores (26.3%) Apr 22 – Mar 23 Rs.2541 (Rs. Crores) 9 REVENUE FROM

GNO Op. Profit CAGR

2016-17 to 2022-23 : 18.1% CAGR 2016-17 to 2022-23: - Abr. : 8.2% C&P, Tech & Digital Services : 28.5% (Rs. Crores) In FY2022-23, GNO PBIT increased by 23.4%; Abrasives by 15.4% and C&P, Tech & Digital Services by 28.5% Source: Quarterly Page -Segment 16 11212513410711215618070104127140209244314182229262247321400494010020030040050060016/1717/1818/1919/2020/2121/2222/23AbrasivesC&P, Tech and DigitalServicesGNO (Total) GNO PROFITABILITY – ROI & OP MARGIN (%) ROI OP Margin Source: Annual Report 17 32.037.336.635.948.748.647.612.614.515.314.117.518.618.110121416182022152025303540455016/1717/1818/1919/2020/2121/2222/23ROI%OP Margin% GNO PROFITS – OPERATING PROFIT(PBIT) & PAT

GNO PAT CAGR

2016-17 to 2022-23: 20.0% (Rs. Crores) 2022-23 : PBIT increase by : 23.5%; PAT growth: 22.5% Source: Annual Report 18 18222926224732140049412115116918423829536216/1717/1818/1919/2020/2121/2222/23PBITPAT CAPEX + ACQUISITION (Rs. Crores) Source: Annual Report 19 593967504813014913029516/1717/1818/1919/2020/2121/2222/23CapexCapex CAPEX + ACQUISITION Capex + Acquisition (Rs. Crores) 295 129 54 Average 10 Yr 2021-22 2022-23 20 GNO – DIVIDEND PER SHARE 14.50 16.0 12.00 5.00 6.00 4.00 9.50 7.50 16/17 17/18 18/19 19/20* 20/21 21/22 22/23 Dividend Per Share (Rs.)** 11.0 6.0 1.0 -4.0 60% 50% 40% 30% 20% 10% 0% **Note: Dividend per share adjusted for bonus/splits Source: Annual Report 21 22 Customer connect Digital n Analytics Operational excellence • Digital Lead Generation • Pricing / Margin Management • Micro-market Mapping • Salesforce Automation & Nudging • Analytics on secondary sales • Campaign efficacy • SCM - Autonomous Planning & Scheduling, Optimization • Defect Reduction • Digital Twi