Grasim acquires 26% stake in renewable energy SPV

Grasim Industries Limited announced that its Board of Directors has approved the acquisition of a 26% equity stake in Ampin C&I Power Thirty Private Limited. The Special Purpose Vehicle (SPV) has been established to facilitate the supply of renewable hybrid energy under the Group Captive Scheme. This strategic move aims to meet the company's green energy requirements, optimise energy costs, and ensure compliance with regulatory standards for captive power consumption.

The transaction involves a cash consideration, with the company planning to invest up to Rs. 30.60 crore in one or more tranches. The acquisition is not classified as a related party transaction, and the promoter or promoter group companies hold no interest in the target entity. The deal is expected to be completed within 180 days from the execution of key agreements, including the Energy Supply Agreement and Share Subscription Agreement.

Details of the Acquisition

The target entity, Ampin C&I Power Thirty Private Limited, operates within the generation and transmission of renewable energy sector. The SPV is specifically developing a captive wind-solar hybrid power generation facility located in Harihara, Karnataka. No governmental or regulatory approvals are required for this acquisition.

Project and Entity Overview

The SPV was incorporated on July 23, 2025, and is registered in New Delhi. The project under development combines solar and wind energy sources to create a hybrid power solution.

Particulars Details Target Entity Ampin C&I Power Thirty Private Limited Stake Acquired 26% Equity Stake Investment Amount Up to Rs. 30.60 crore Project Location Harihara, Karnataka Solar Capacity 37.95 MWp DC / 25.30 MW AC Wind Capacity 27 MW AC Date of Incorporation July 23, 2025

The Board meeting, where this decision was finalized, was convened on May 20, 2026.

Grasim Industries Limited has notified stock exchanges of a revised schedule for its Analysts and Institutional Investor conference call, in continuation of its earlier announcement dated 6th May 2026. The call will cover the Audited Financial Results — both Standalone and Consolidated — for the quarter and year ended 31st March 2026. The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Revised Conference Call Details

The company has rescheduled the earnings call to Wednesday, 20th May 2026 at 5:00 PM IST (GMT+5:30). The session will feature senior management and will begin with a brief business update, followed by an interactive Question & Answer session. Press releases and investor presentations will be made available on the company's website at www.grasim.com following the announcement of results.

The key details of the revised conference call are summarised below:

Parameter: Details Date: Wednesday, 20th May 2026 Time: 5:00 PM IST (GMT+5:30) Primary Dial-In Numbers: +91 22 6280 1127, +91 22 7115 8028 RSVP Contact: grasim.ir@adityabirla.com

International Dial-In Access

Investors and analysts joining from international locations can use the following dial-in numbers:

Hong Kong: +800964448

Singapore: +8001012045

UK: +08081011573

USA: +18667462133

Regulatory Filing Details

The intimation was issued under reference number GIL/CFD/SEC/27/026/SE and dated 15th May 2026. The filing was signed by Neelabja Chakrabarty, Company Secretary and Compliance Officer (ACS - 16075), on behalf of Grasim Industries Limited. Copies of the communication were also addressed to the Luxembourg Stock Exchange, Citibank N.A. (Depositary Receipt Services, New York), and Citibank N.A. (Custodial Services, Mumbai).

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