Grasim Industries Limited has announced a key leadership transition within its textile operations, with Mr. Satyaki Ghosh stepping down from his role as CEO of the Cellulosic Fashion Yarn Business. The resignation is scheduled to take effect on January 16, 2026.

Executive Leadership Change

The departure of Mr. Satyaki Ghosh represents a significant change in the leadership structure of Grasim Industries' cellulosic fashion yarn division. As CEO of this business segment, Ghosh has been responsible for overseeing the operations and strategic direction of one of the company's important textile verticals.

Business Impact

The cellulosic fashion yarn business forms an integral part of Grasim Industries' diversified portfolio. This leadership transition will require the company to identify suitable succession planning to ensure continuity in operations and strategic initiatives within this business segment.

Corporate Transition Timeline

With the resignation effective from January 16, 2026, Grasim Industries will have time to plan for the leadership transition and implement necessary organizational changes to maintain operational efficiency in the cellulosic fashion yarn business division.

Grasim Industries announced the appointment of Sachin Sahay as Chief Executive Officer of Birla Opus Paints, effective February 16, 2026, as the Aditya Birla Group steps up execution in its decorative paints foray. The Board of Directors approved the appointment during a meeting held on January 16, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Board Approval and Appointment Details

The board meeting commenced at 11:00 a.m. IST and concluded at 11:18 a.m. IST on January 16, 2026. Sahay will also be designated as Senior Management Personnel of the company from the same date. The company disclosed this information in compliance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition

The appointment comes after Rakshit Hargave, former CEO of Birla Opus Paints, resigned in November 2025 to pursue opportunities outside the company. Hargave, who joined Grasim in 2021, played a pivotal role in taking the paints division from project stage to launch, setting up six integrated manufacturing facilities and building nationwide distribution and supply-chain capabilities. During the interim period, Grasim Managing Director Himanshu Kapania had been overseeing the paints business.

Professional Background and Experience

Sahay joins from ITC Limited, where he last served as Executive Vice President – Sales. He brings over 30 years of leadership experience in Sales & Marketing across entrepreneurial roles and multi-geography assignments in India. His extensive experience includes:

• Playing a pivotal role in ITC's FMCG transformation journey
• Creating and scaling up ITC's FMCG channel from greenfield operations to its current national footprint
• Leading the launch and growth of multiple brands
• Building large-scale distribution capabilities across urban and rural markets
• Driving complex transformation initiatives with a strong balance of process rigor and people leadership

Key Achievements and Market Impact

Sahay has been instrumental in implementing field force automation and streamlining common stockist operations across ITC's diverse portfolio. His work spanned multiple categories including cigarettes, foods, and FMCG, enabling efficient capital deployment and optimized partner engagement. This experience positions him well to lead Birla Opus Paints' growth strategy and market expansion initiatives.

Shares of Grasim Industries were trading 0.37% higher at ₹2,806.10 as of 11:50 a.m., recovering from intraday lows of ₹2,791.00 following the leadership announcement.