Grasim Industries has announced a dividend of ₹10 per equity share for the financial year ended March 31, 2026. The Board of Directors recommended the 500% dividend at its meeting held on May 20, 2026, subject to shareholder approval at the Annual General Meeting (AGM). The company has fixed Friday, August 7, 2026, as the record date to determine shareholder eligibility for the dividend payout. The Register of Members will remain closed from Saturday, August 8, 2026, to Friday, August 21, 2026, for the purpose of dividend payment.

The 79th AGM is scheduled for Friday, August 21, 2026, at 11:30 a.m. (IST) via Video Conferencing and Other Audio-Visual Means (VC/OAVM). The meeting will be conducted in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The dividend, if approved, will be paid within seven business days of the AGM to members whose names appear as beneficial owners on the record date or as members holding shares in physical form as per the register maintained by KFin Technologies Limited, the Registrar and Transfer Agent.

Key Corporate Event Details

The company has advised members to update their bank details with their Depository Participants or the Registrar to ensure electronic credit of dividends. In accordance with the Income-tax Act, 2021, dividend income is taxable in the hands of shareholders, and the company will deduct tax at source (TDS) at applicable rates. The Notice of AGM and the Integrated Annual Report for FY26 are available on the company's website and the websites of BSE Limited and National Stock Exchange of India Limited.

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.