Grasim Industries completed the full repayment of its Commercial Papers (CPs) carrying ISIN INE047A14BB2 on September 18, 2026. The company settled the entire outstanding liability of ₹800 crore on the scheduled maturity date, ensuring timely closure of the debt instrument.

The redemption process involved the settlement of 16,000 individual CP units. With this transaction, the outstanding amount for this specific series has been reduced to nil, marking the end of the obligation for these instruments.

Repayment Details

The company confirmed the full and timely repayment to all holders in a disclosure filed with BSE Limited. The transaction aligns with the record date announced in July 2026 for the redemption of these securities.

This corporate action was executed in compliance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025. The repayment was authorized and certified by Neelabja Chakrabarty, Company Secretary and Compliance Officer, who digitally signed the disclosure on September 18, 2026.

The notification was also circulated to the Luxembourg Stock Exchange and Citibank N.A., reflecting the global custodial and depository arrangements for Grasim’s debt instruments. This timely settlement demonstrates adherence to regulatory timelines and creditor obligations for short-term debt management.

Grasim Industries confirmed that its Canadian joint venture, AV Group NB Inc. (AVNB), will temporarily idle its pulp operations at the Nackawic facility in New Brunswick. The shutdown is scheduled for around the end of October 2026.

Facility and ownership details

AVNB operates two dissolving grade pulp mills in New Brunswick, Canada, with a combined capacity of ~332K TPA. The Nackawic facility alone accounts for ~190K TPA of this capacity. Grasim Industries holds a 45% stake in the joint venture.

The company’s total investment in AVNB stands at ₹187.41 crore. This comprises an equity share of ₹153.04 crore and a preference share of ₹34.37 crore.

Reason for idling

The decision to idle the Nackawic facility follows an assessment of continuing challenges posed by prevailing market conditions and broader macroeconomic factors. The move is described as temporary.

What the Numbers Show

The Nackawic plant represents a significant portion of the joint venture’s output, accounting for approximately 57% of AVNB’s total ~332K TPA capacity. The temporary idling of this larger facility suggests that market pressures are severe enough to require reducing output from the primary production site rather than just the smaller Atholville unit.