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.

Grasim Industries Limited has announced robust financial results for the third quarter of fiscal year 2026, with consolidated revenue reaching a record high of ₹44,312 Cr., representing a 25% year-on-year growth. The company's Board of Directors approved these unaudited financial results during their meeting on February 10, 2026.

Outstanding Financial Performance

The company delivered exceptional performance across key financial metrics during Q3FY26. Consolidated EBITDA grew by 33% YoY to ₹6,215 Cr., while adjusted PAT surged 42% to ₹1,168 Cr., demonstrating strong operational leverage and improved cost efficiencies.

Standalone revenue crossed a historic milestone of ₹10,000 Cr., reaching ₹10,432 Cr., up 28% YoY, driven by robust growth from Paints and B2B E-commerce businesses coupled with stable performance from core Cellulosic Fibres and Chemicals segments.

Business Segment Highlights

Cellulosic Fibres Performance

The Cellulosic Fibres segment reported revenue of ₹4,298 Cr., up 9% YoY, with CSF sales volume growing 7% YoY to 219KT. Specialty sales volumes surged 31% YoY, led by higher exports. EBITDA stood at ₹491 Cr., up 48% YoY, benefiting from operating efficiencies and lower input costs.

Chemicals Business

Caustic sales volumes reached a record high of 313 KT, up 4% YoY. Overall Chemicals business revenue stood at ₹2,345 Cr., up 5% YoY, though EBITDA declined 4% YoY to ₹315 Cr. due to lower ECU and reduced profitability in Specialty Chemicals.

Building Materials Segment

The Building Materials segment delivered exceptional performance with revenue of ₹25,173 Cr., up 30% YoY, and EBITDA of ₹3,737 Cr., up 33% YoY. Key highlights include:

Earnings Call and Investor Communication

Following the financial results announcement, Grasim Industries conducted an earnings call on February 11, 2026, to discuss the Q3FY26 performance with investors and analysts. The company has made the audio recording of this earnings call available on its official website, ensuring transparency and accessibility for stakeholders who could not participate in the live session.

Board Meeting and Regulatory Compliance

The Board of Directors convened on February 10, 2026, from 3:25 p.m. to 5:24 p.m. (IST) to review and approve the financial results for both standalone and consolidated operations covering the quarter and nine months ended December 31, 2025. The approval process included thorough review and recommendations from the Audit Committee, ensuring proper oversight and governance.

Growth Outlook

Grasim Industries is strategically positioned to capitalize on India's accelerating economic momentum, driven by sustained public capex, infrastructure expansion, and manufacturing-led growth. The company's diversified portfolio across Cellulosic Fibres, Chemicals, Cement, Paints, and Financial Services provides multiple growth engines aligned with the Government's Viksit Bharat vision.