Grasim Industries Limited has filed its quarterly certificate with BSE and NSE, confirming the dematerialisation and rematerialisation activities during the quarter ended December 31, 2025. The submission was made in compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Quarterly Dematerialisation Activity

During the third quarter of FY26, spanning from October 1, 2025, to December 31, 2025, the company processed dematerialisation requests across two major depositories. The quarterly activity breakdown shows significant investor preference for holding shares in electronic form.

Current Dematerialisation Status

As of December 31, 2025, Grasim Industries reported that 67,73,73,428 shares are held in dematerialised form, representing 99.53% of the company's total equity shares. This high percentage reflects the widespread adoption of electronic shareholding among investors, with only a minimal portion remaining in physical certificate form.

Regulatory Compliance

The certificate confirms that all securities received for dematerialisation during the quarter were properly processed and approved by the depositories. The company has verified that these securities are listed on the same stock exchanges where the original securities were traded. Following standard procedure, the physical security certificates received for dematerialisation have been mutilated and cancelled after due verification, with the depository name substituted as the registered owner in company records.

Corporate Communication

The certificate was signed by Neelabja Chakrabarty, Company Secretary and Compliance Officer (ACS – 16075), and submitted to both BSE (Scrip Code: 500300) and NSE (Symbol: GRASIM) on January 14, 2026. The document was also shared with other stakeholders including Luxembourg Stock Exchange, Citi Bank N.A. for depository and custodial services, and both NSDL and CDSL depositories.

Motilal Oswal has issued a BUY recommendation for Grasim Industries , setting an ambitious target price of ₹3,600 per share. The domestic brokerage firm has expressed confidence in the Aditya Birla Group's flagship company, citing multiple growth engines that are expected to drive business performance.

Brokerage Recommendation Details

The research report from Motilal Oswal highlights a positive investment outlook for Grasim Industries, with the brokerage maintaining its optimistic stance on the diversified conglomerate. The ₹3,600 target price represents the firm's assessment of the stock's potential based on current market conditions and business fundamentals.

Growth Engine Analysis

Motilal Oswal's recommendation is anchored on the identification of multiple growth engines within Grasim Industries' business portfolio. The brokerage firm's analysis suggests that these growth drivers are currently in play and positioned to contribute to the company's future performance trajectory.

Market Position

As the flagship company of the Aditya Birla Group, Grasim Industries holds a significant position in the Indian corporate landscape. The company's inclusion in the BSE 100 index reflects its market capitalization and trading liquidity, making it an attractive proposition for institutional and retail investors alike.

The positive brokerage coverage from Motilal Oswal adds to the investment community's assessment of Grasim Industries' strategic positioning and operational capabilities across its diversified business segments.