Grasim Industries Limited has completed its annual interest payment obligations to holders of Non Convertible Debentures (NCDs), making a payment of ₹68.85 crore net of TDS on April 6, 2026. The payment pertains to the company's 6.99% Fully Paid, Unsecured, Listed, Rated, Redeemable NCDs with ISIN INE047A08182.

Interest Payment Details

The interest payment was executed against debentures with a total issue size of ₹1,000 crore. The company informed stock exchanges BSE and NSE about the completion of payment as per regulatory requirements under SEBI regulations.

Payment Timeline and Compliance

The original due date for interest payment was April 5, 2026, but since it fell on a Sunday, the payment was processed on the subsequent working day, April 6, 2026. The interest payment record date was set as March 20, 2026, determining eligible debenture holders for the payment.

Tax Deductions and Regulatory Compliance

The company deducted TDS amounting to ₹1.05 crore from the total interest payment of ₹69.90 crore, resulting in a net payment of ₹68.85 crore to debenture holders. This TDS will be deposited in accordance with the Income Tax Act, 1961. The payment was made in compliance with Regulation 57(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI's Master Circular dated October 15, 2025.

The company has maintained its commitment to timely debt servicing, with the previous interest payment made on April 7, 2025. Grasim Industries also informed international stakeholders including Luxembourg Stock Exchange and Citi Bank N.A. about the completion of interest payment obligations.

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.