Grasim Industries pays ₹61.83 crore interest on NCDs
Grasim Industries paid ₹61.83 crore interest on its 6.56% NCDs (Series I) on June 8, 2026, delayed from June 6 due to a non-business day. The payment, net of ₹3.77 crore TDS, covers an issue size of ₹1,000 crore. This is the first interest payment since the NCD allotment on June 6, 2025.

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Grasim Industries has paid ₹61.83 crore as interest to holders of its 6.56% Non-Convertible Debentures (NCDs) for the Series I issue maturing in 2030. The payment was made on June 8, 2026, following a delay from the scheduled due date of June 6, 2026, which was a non-business day. The interest was paid net of Tax Deducted at Source (TDS) amounting to ₹3.77 crore, which will be deposited in accordance with the Income Tax Act, 1961.
The company submitted a certificate to BSE Limited regarding the payment, referencing Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated October 15, 2025. The NCDs carry an ISIN of INE047A08240 and have a total issue size of ₹1,000 crore. This marks the first interest payment on the debentures, which were allotted on June 6, 2025.
Details of Interest Payment
The following table outlines the specific details of the interest payment transaction:
| Particulars | Details |
|---|---|
| ISIN | INE047A08240 |
| Issue size | ₹ 1,000 crore |
| Interest Amount to be paid on due date | ₹ 65.60 crore |
| Frequency | Annual |
| Interest payment record date | 22/05/2026 |
| Due date for interest payment | 06/06/2026 |
| Actual date for interest payment | 08/06/2026 |
| Amount of interest paid (Net of TDS) | ₹ 61.83 crore |
The payment was processed on the subsequent working day as per the SEBI Master Circular provisions. The reason for the delay was explicitly stated as the original interest payment date falling on a Saturday, which is a non-business day. The company confirmed that there was no change in the frequency of payment and that the full amount due was settled.
Historical Stock Returns for Grasim Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.79% | -0.85% | +3.46% | +11.84% | +17.74% | +106.66% |
How will Grasim Industries utilize the remaining capital from the ₹1,000 crore issue before the next annual interest payment is due?
Could this successful initial interest payment improve Grasim's credit rating and lower borrowing costs for future debt issuances?
Will Grasim consider launching additional NCD series or similar debt instruments to fund upcoming expansion projects?


































