Grasim Industries pays ₹61.83 crore interest on NCDs

1 min read     Updated on 08 Jun 2026, 04:47 PM
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Anirudha BScanX News Team
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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 Day5 Days1 Month6 Months1 Year5 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?

Birla Group Holdings declares no encumbrance for FY26

0 min read     Updated on 06 Jun 2026, 09:20 AM
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Birla Group Holdings Private Limited, the promoter of Grasim Industries Limited, has declared that it has not created any encumbrance during the financial year ended March 31, 2026. This disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration covers the promoter, promoter group members, and persons acting in concert.

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Birla Group Holdings Private Limited, the promoter of Grasim Industries Limited , has confirmed that it did not create any encumbrance on shares during the financial year ended March 31, 2026. The declaration, submitted to BSE Limited and the National Stock Exchange of India, was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters of target companies to annually declare that they, along with persons acting in concert, have not made any encumbrance directly or indirectly other than those already disclosed.

The disclosure was addressed to the Audit Committee of Grasim Industries Limited. Birla Group Holdings Private Limited stated that the declaration is made on behalf of the promoters, members of the promoter group, and persons acting in concert. The company also submitted the Permanent Account Number (PAN) details of the promoter and promoter group entities as required, referencing an attached Annexure A.

The letter, dated April 8, 2026, was signed by Shrikant Turalkar, Company Secretary and Associate Company Secretary (ACS: 14772). Birla Group Holdings Private Limited is registered at Industry House, 1st floor, 159 Churchgate Reclamation, Mumbai - 400 020.

Historical Stock Returns for Grasim Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-0.79%-0.85%+3.46%+11.84%+17.74%+106.66%

How will the absence of share encumbrances impact Grasim Industries' ability to raise capital for future expansions?

What strategic initiatives might Birla Group Holdings pursue in the upcoming financial year given this clean financial standing?

Could this declaration signal a potential increase in promoter stake or further consolidation within the group?

More News on Grasim Industries

1 Year Returns:+17.74%