The Board of Aditya Birla Renewables Limited (ABReN) has approved a preferential equity issue to its promoter Grasim Industries for up to ₹234,99,99,994. The approval was granted at a Board meeting on July 28, 2026 and is subject to shareholder approval before the issue can be executed.

The allotment will be made on a private placement basis in one or more tranches. Up to 23,15,27,093 equity shares of face value ₹10 each will be issued at a premium of ₹0.15 per share, translating to an issue price of ₹10.15 per share. The pricing was determined through mutually agreed valuation based on a registered valuer's report.

Transaction details

Impact on shareholding

Grasim currently holds 118,10,43,563 equity shares in ABReN, including those held through nominees, translating to 70.15%. Post-allotment, this will rise to 141,25,70,656 shares, or 73.76%.

Regulatory disclosure

The Board meeting outcome was disclosed under Regulation 51(2) read with Part B of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ABReN said the issuance is structured in one or more tranches, subject to shareholder approval.

Grasim Industries has completed the full repayment of ₹750 crore in commercial papers (CPs) on July 28, 2026. The repayment was executed to meet the maturity obligation of the instrument, ensuring timely settlement for holders and clearing the specific liability from the company’s short-term debt portfolio. This action reduces the firm’s outstanding commercial paper exposure for this series to nil.

The transaction involved the redemption of 15,000 units of the commercial paper, which carried the ISIN code INE047A14AW0. The company confirmed that the repayment was made in full on the due date, adhering to the timeline specified in its earlier corporate announcement dated June 1, 2026, which had notified investors of the record date for redemption.

Transaction Details

The following table outlines the specifics of the repayment as disclosed in the filing:

Regulatory Compliance

The repayment process was conducted in accordance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137, dated October 15, 2025, as amended from time to time. This circular governs the issuance and redemption of non-convertible securities, including commercial papers, by listed entities in India.

Neelabja Chakrabarty, Company Secretary and Compliance Officer (ACS-16075), signed the disclosure on behalf of Grasim Industries Limited. The notice was issued from the company’s registered office in Nagda, Madhya Pradesh, and its corporate office in Mumbai.

Market Implications

The timely redemption of these commercial papers reflects the company’s adherence to its debt servicing schedule. With the outstanding amount for ISIN INE047A14AW0 now at nil, this specific tranche of short-term funding has been fully closed. Investors holding these instruments have received their principal amounts as per the maturity terms.