Grasim Industries Limited has successfully completed the full repayment of its commercial papers worth ₹500 crore on March 5, 2026. The company announced the completion of this scheduled debt settlement through a regulatory filing to BSE Limited.

Commercial Paper Repayment Details

The repayment was executed on the scheduled maturity date with complete settlement of all outstanding obligations. The company redeemed 10,000 commercial papers carrying the ISIN INE047A14AP4.

Regulatory Compliance

The repayment was conducted in accordance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025. The company had previously announced the record date for redemption of these commercial papers through a corporate announcement dated January 8, 2026.

Stakeholder Communication

Grasim Industries has notified all relevant stakeholders about the successful completion of the repayment. The communication was sent to Luxembourg Stock Exchange, Citi Bank N.A. for depository receipt services and custodial services, ensuring complete transparency in the debt settlement process.

The timely repayment demonstrates the company's commitment to meeting its debt obligations as scheduled, with no outstanding amount remaining after the settlement.

Grasim Industries Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of two Independent Directors for their second terms. The notice, dated 10th February 2026, was communicated to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Directors Proposed for Re-appointment

The postal ballot seeks approval for the re-appointment of two key Independent Directors:

Both resolutions are classified as Special Resolutions and require approval through remote e-voting only. The directors were initially appointed as Independent Directors at the Annual General Meeting held on 27th August 2021.

E-voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process:

Shareholders are required to cast votes for different share categories with specific EVEN numbers: fully paid-up shares of ₹2.00 each (EVEN 9460), partly paid-up shares of ₹1.00 each (EVEN 9461), and partly paid-up shares of ₹0.50 each (EVEN 9462).

Director Profiles and Qualifications

Mr. V. Chandrasekaran brings extensive experience as a qualified Chartered Accountant and retired Executive Director (Investment) of LIC of India. He has over three decades of experience in Life Insurance Finance, Housing Finance, and Mutual Fund Investment. He currently serves as an Independent Director on boards of various companies including CARE Ratings Limited, Tata Investment Corporation Limited, and UltraTech Cement Limited.

Mr. Adesh Kumar Gupta is a qualified Chartered Accountant and Company Secretary who has completed an Advanced Management Programme from Harvard University. With over four decades of experience in finance and general management, he previously served as Whole-time Director & CFO of Grasim Industries Limited until 30th June 2015. He was recognized as "Best CFO" by the Institute of Chartered Accountants of India and serves on boards of companies including Krsnaa Diagnostics Limited and Anand Rathi Wealth Limited.

Remuneration Structure

The directors' remuneration structure includes:

For the current financial year 2025-26, Mr. V. Chandrasekaran has received ₹6.75 lakhs as sitting fees and ₹32.00 lakhs as commission for FY 2024-25. Mr. Adesh Kumar Gupta has received ₹4.90 lakhs as sitting fees for FY 2025-26 and ₹22.00 lakhs as commission for FY 2024-25.

Compliance and Governance

The postal ballot process complies with Section 108 and 110 of the Companies Act 2013, along with applicable SEBI regulations. The notice is being sent electronically to members whose email addresses are registered with the company or depositories as of the cut-off date. Mr. Avinash Bagul (FCS 5578) and Mr. K. Venkataraman (ACS 8897), both Partners at M/s BNP & Associates, Company Secretaries, have been appointed as Scrutinizers for the postal ballot process.

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, has endorsed both re-appointments considering the directors' significant contributions during their first terms and their continued independence from management.