Grasim Industries has submitted its Business Responsibility and Sustainability Report for the financial year 2025-26 to the stock exchanges. The filing details the company's adherence to the National Guidelines on Responsible Business Conduct (NGRBC) and outlines its environmental, social, and governance (ESG) performance. The disclosures are made on a consolidated basis, covering the entity and its subsidiaries.

The report confirms that the company's policies cover each principle and core element of the NGRBCs and have been approved by the Board. Neelabja Chakrabarty, Company Secretary and Compliance Officer, submitted the filing to BSE Limited and the National Stock Exchange of India Limited on July 16, 2026.

Operational and Employee Disclosures

The report provides data on the company's operational footprint and workforce. Grasim Industries operates across multiple segments, including Cellulosic Fibres, Chemicals, Building Materials, Textiles, and Insulators. The document outlines the gender distribution and permanent status of its employees and workers, though specific numerical figures for headcount were not detailed in the provided text.

Employee welfare measures include coverage under Provident Fund and Gratuity schemes for 100% of permanent employees and workers. The company also offers benefits such as superannuation, the National Pension System (NPS), and leave encashment.

Environmental and Governance Compliance

Grasim Industries reported compliance with environmental approval conditions for its operations. The document indicates that 100% of the company's plants and offices were assessed for occupational health and safety, primary labour conditions, and workplace harassment by the entity, statutory authorities, or third parties.

Regarding governance, the company stated that it has processes for workers to report work-related hazards and remove themselves from such risks. Employees and workers have access to non-occupational medical and healthcare services. The report also details the company's approach to mitigating digital and physical security risks to enhance organisational resilience.

Stakeholder Engagement and CSR

The company engages with various stakeholder groups, including local communities, through channels such as community meetings, notice boards, and websites. The frequency of this engagement varies, with some interactions occurring annually and others on a half-yearly or quarterly basis.

The Business Responsibility and Sustainability Report is available on the company's website. The filing was made in compliance with Regulation 34(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Aditya Birla Renewables Limited, a subsidiary of Grasim Industries Ltd, has agreed to acquire 100% of Solenergi Power Private Limited from Shell Overseas Investment B.V., a wholly-owned subsidiary of Shell PLC, for an enterprise value of ₹17,200 crore. The transaction, signed on July 13, 2026, will add a contracted portfolio of approximately 5.0 GWp to the acquirer's renewable energy assets. This includes 3.3 GWp of operational capacity and 1.7 GWp of under-construction capacity, significantly expanding the company's footprint in the sector.

The Board of Directors of Aditya Birla Renewables approved the execution of the Share Purchase Agreement (SPA) to acquire the equity shares and securities of Solenergi Power Private Limited, an investment holding company incorporated in Mauritius. Solenergi Power holds Sprng Energy Private Limited and Sprng Solar Plus Private Limited. The aggregate equity consideration payable to the seller will be determined after adjustments for debt, cash, and other items as detailed in the SPA.

Transaction Details

The acquisition is proposed to be funded through a mix of debt and equity. It is subject to the receipt of necessary regulatory approvals, including from the Competition Commission of India and the Central Transmission Utility of India Limited. The transaction is expected to be completed on or before December 31, 2026.

Financials and Strategic Impact

Solenergi Power Private Limited reported a consolidated turnover of ₹1,253.4 crore for FY 25. The company's turnover stood at ₹1,156.5 crore in FY 23 and ₹1,158.1 crore in FY 24. The acquisition aligns with the group's long-term sustainability objectives and broader energy transition strategy, aiming to combine Aditya Birla Renewables' diversified pan-India portfolio of ~4.4 GWp with the target's utility-scale platform.

Upon completion of the transaction, Solenergi Power Private Limited and its subsidiaries will become subsidiaries of Aditya Birla Renewables Limited and consequently of Grasim Industries Ltd. The company confirmed that the transaction does not affect the payment of interest or principal on its listed non-convertible debt securities.