Grasim Industries confirms no new encumbrance on Vodafone Idea shares in FY26

Grasim Industries Limited has confirmed that it and other promoter group entities have not created any fresh encumbrance on shares held in Vodafone Idea Limited during the financial year ended March 31, 2026. This disclosure ensures that no additional charges or liens have been placed on the promoter shareholding beyond those previously reported to the exchanges. The declaration was filed on April 7, 2026, in accordance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates an annual confirmation from promoters regarding share encumbrances.

The filing was addressed to the Audit Committee of Vodafone Idea Limited . Grasim Industries Limited, acting as a promoter, submitted the declaration on behalf of the Promoters, Members of the Promoter Group, and Persons Acting in Concert (PAC). The document was signed by Neelabja Chakrabarty, Company Secretary and Compliance Officer of Grasim Industries Limited.

The disclosure covers a list of eight entities identified as promoters or PACs. The list includes key individuals and group companies associated with the Aditya Birla Group.

List of Promoters and Persons Acting in Concert

Sr. No.	Name(s) of Promoter(s)/ Members of the Promoter Group / Persons acting in concert (PAC)
1.	Shri Kumar Mangalam Birla
2.	Grasim Industries Limited
3.	Hindalco Industries Limited
4.	Birla Group Holdings Private Limited
5.	Pilani Investment and Industries Corporation Limited
6.	Elaine Investments Pte Limited
7.	Oriana Investments Pte Limited
8.	IGH Holdings Private Limited

The confirmation explicitly states that no encumbrance has been made directly or indirectly by these entities other than those already disclosed during the financial year. This regulatory filing provides transparency regarding the holding structure of Vodafone Idea Limited's promoters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.87%	+4.72%	+45.30%	+40.76%	+119.35%	+58.82%

Vodafone Idea Limited has scheduled an Extraordinary General Meeting (EGM) on Thursday, June 11, 2026, at 4:30 p.m. via Video Conferencing. The primary agenda is to seek shareholder approval for the issuance of up to 430,00,00,000 warrants on a preferential basis to Suryaja Investments Pte. Ltd., a member of the Promoter Group. The company aims to raise an aggregate amount of ₹4,730 crore through this issuance to fund capital expenditure and repay loans.

Warrant Issue Details

The warrants will be issued at a price of ₹11 per warrant, with each warrant convertible into one fully paid-up equity share of ₹10 face value at a premium of ₹1. The subscription involves an upfront payment of 25% (₹2.75) and the balance 75% (₹8.25) upon exercise. The warrants can be exercised in one or more tranches within 18 months from the date of allotment. The "Relevant Date" for determining the minimum price is Tuesday, May 12, 2026.

Utilization of Proceeds

The company plans to utilize the net proceeds for specific corporate objectives. The estimated allocation of funds is outlined below:

Particulars	Amount	Timelines for Utilisation
Capital expenditure for network expansion	₹ 1,730 Crore	By end March 2028
Repayment of loans for capex	₹ 3,000 Crore	By end December 2027
Total	₹ 4,730 Crore

Acuité Ratings and Research Limited has been appointed as the monitoring agency to oversee the utilization of the issue proceeds.

E-Voting and Participation

Shareholders can participate in the EGM through remote e-voting, which commences on Monday, June 8, 2026, at 9:00 a.m. and concludes on Wednesday, June 10, 2026, at 5:00 p.m. Members may also vote during the EGM via the e-voting system. The cut-off date for determining eligibility to vote is Thursday, June 4, 2026. The meeting notice and details are available on the company’s website at www.myvi.in , as well as on the BSE and NSE websites.