Grasim Industries Limited has informed the stock exchanges of an upcoming Board of Directors meeting scheduled for Wednesday, May 20, 2026, to consider and approve its audited financial results for the quarter and year ended March 31, 2026. Alongside the board meeting, the company has also announced a Q4 FY2025-26 earnings conference call on the same date, where senior management will discuss the financial results with analysts and institutional investors. Both communications were filed under the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The Board meeting has been convened to address key financial and shareholder-related matters pertaining to the fiscal year ended March 31, 2026. The following items are on the agenda:

Q4 FY2025-26 Earnings Conference Call

Following the board meeting, Grasim Industries has scheduled an earnings call on Wednesday, May 20, 2026, at 4:00 PM IST (GMT+5:30). The call will be initiated with a brief business update by the senior management team, followed by an interactive Question & Answer session. Press release and investor presentation will be made available on the company's website at www.grasim.com post announcement of the results.

The dial-in details for the conference call are as follows:

Trading Window Closure

In line with its earlier communication dated March 23, 2026, Grasim Industries had closed the Trading Window for dealing in the company's securities effective April 1, 2026. The Trading Window will remain closed until 48 hours after the announcement of the audited financial results for the quarter and year ended March 31, 2026, which translates to May 22, 2026 (both days inclusive).

Both intimations were signed by Neelabja Chakrabarty, Company Secretary and Compliance Officer (ACS - 16075), on behalf of Grasim Industries Limited. The board meeting intimation was filed under reference number GIL/CFD/SEC/27/020/SE dated May 5, 2026, and the earnings call intimation under reference number GIL/CFD/SEC/27/022/SE dated May 6, 2026. Copies of the communications were also addressed to the Luxembourg Stock Exchange, Citibank N.A. (Depositary Receipt Services, New York), and Citibank N.A. (Custodial Services, Mumbai).

Grasim Industries received a significant legal development on 5th May 2026, when the Hon'ble National Company Law Appellate Tribunal (NCLAT) passed an order setting aside a penalty of ₹301.61 crore that had been imposed by the Competition Commission of India (CCI), along with certain behavioural directions. The NCLAT has remanded the matter back to the CCI for fresh hearing and consideration, marking a material update in a litigation that had been ongoing since March 2020.

Background of the CCI Order

The CCI had originally passed an order dated 16th March 2020 under the Competition Act, 2002, imposing a penalty of ₹301.61 crore on Grasim Industries in connection with its Viscose Staple Fibre (VSF) business. The company had duly intimated the stock exchanges of the CCI order via a letter dated 16th March 2020. Following the order, Grasim Industries filed an appeal before the NCLAT and obtained a stay against the CCI's directions. Notably, the company had not created any provision in its books of account in relation to this matter.

Key Details of the NCLAT Order

The following table summarises the key particulars of the litigation and the latest development as disclosed by the company:

Impact and Current Status

As a result of the NCLAT order dated 5th May 2026, the penalty of ₹301.61 crore and certain behavioural directions that had been imposed on Grasim Industries by the CCI have been set aside. The matter has been remanded back to the CCI for fresh hearing and consideration. Since no provision had been created in the company's books of account for this penalty, there is no immediate reversal impact on the financial statements arising from this development. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Master Circular.