Grasim Industries Limited has announced a key leadership transition involving Mr. Jayant Dua, who will be leaving his current role to join UltraTech Cement Limited in a senior capacity. The announcement was made through a regulatory filing dated 31st March 2026.

Leadership Transition Details

The company has informed stock exchanges that Mr. Jayant Dua will cease to be Business Head – Renewables and Textiles Business and consequently Senior Management Personnel of the Company with effect from 31st March 2026 at close of business hours.

New Role at UltraTech Cement

Mr. Dua has been appointed as Managing Director (Designate) and Senior Management Personnel of UltraTech Cement Limited by its Board of Directors, with effect from 1st April 2026. This represents a seamless transition from his current role at Grasim Industries to a leadership position at another company within the broader business ecosystem.

Company's Acknowledgment

Grasim Industries has placed on record its deep sense of appreciation for the services rendered by Mr. Dua during his tenure with the Company. The transition appears to be amicable, with the company recognizing his contributions to the organization.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January 2026. The disclosure includes all required details as per regulatory guidelines, ensuring full transparency for stakeholders and investors.

Grasim Industries Limited has successfully concluded its postal ballot process, with shareholders approving the re-appointment of two Independent Directors for second terms of five years each. The company announced the results on 28th March 2026, following the completion of remote e-voting that ended on 27th March 2026 at 5:00 pm IST.

Postal Ballot Overview

The postal ballot process was initiated through a notice dated 10th February 2026, seeking shareholder approval for two special resolutions. The remote e-voting period commenced on 26th February 2026 at 9:00 am IST and concluded on 27th March 2026 at 5:00 pm IST.

Resolution Details and Voting Results

Both resolutions pertained to the re-appointment of Independent Directors for second terms spanning five years from 24th May 2026 to 23rd May 2031.

Resolution 1: Re-appointment of Mr. V. Chandrasekaran

The first special resolution for re-appointing Mr. V. Chandrasekaran (DIN: 03126243) as Independent Director received overwhelming support from shareholders.

Resolution 2: Re-appointment of Mr. Adesh Kumar Gupta

The second special resolution for re-appointing Mr. Adesh Kumar Gupta (DIN: 00020403) as Independent Director achieved even higher approval rates.

Voting Participation and Process

The postal ballot process demonstrated significant shareholder participation, with 79.91% of total voting rights being exercised for both resolutions. The company engaged KFin Technologies Limited as the Electronic Voting Service Provider and Registrar and Transfer Agent to facilitate the e-voting process.

Key aspects of the voting process included:

• Electronic Notice Distribution: Postal ballot notices were sent via email to 2,20,833 members with fully paid-up shares, 1,544 members with partly paid-up shares of ₹1 each, and 1,566 members with partly paid-up shares of ₹0.50 each
• Regulatory Compliance: The process adhered to Section 108 and Section 110 of the Companies Act, 2013, along with SEBI Listing Regulations
• Scrutinizer Oversight: BNP & Associates, led by Mr. Avinash Bagul, conducted the scrutiny in a fair and transparent manner

Share Structure and Exclusions

The company's voting structure included various categories of shares, with specific exclusions for regulatory compliance. A total of 24,07,765 fully paid-up equity shares held by Employee Benefit Trust were excluded from voting calculations as per SEBI regulations. Additionally, 1,08,561 fully paid-up equity shares in the "Unclaimed Suspense Account" had frozen voting rights.

Regulatory Filings and Disclosure

The voting results and scrutinizer's report have been uploaded on the company's website at www.grasim.com and KFin Technologies' website. The results were also communicated to BSE Limited and National Stock Exchange of India Limited, along with international stakeholders including Luxembourg Stock Exchange and Citibank N.A. for depositary receipt services.