Grasim Industries Limited (GRASIM) — Board Meeting Announcement
Grasim Industries announced the outcome of its May 20, 2026 board meeting, approving audited FY2025-26 standalone and consolidated financial results, recommending a 500% dividend of ₹10 per share (face value ₹2) subject to shareholder approval at the upcoming AGM, and appointing Deloitte Haskins & Sells LLP as joint statutory auditor for a five-year term starting from the 79th AGM until the 84th AGM, replacing BSR & Co. LLP. The meeting also covered key corporate actions including a ₹3,000 crore investment approval in Aditya Birla Renewables Limited by Global Infrastructure Partners, reduction of ABRen's ownership from 100% to 70.57%, settlement of CCI penalties with a ₹180.43 crore deposit, and transfer of 1,01,210 shares under the ESOP scheme. The board reaffirmed its focus on strategic investments and regulatory compliance while maintaining financial stability metrics like a current ratio of 2.20 and debt-equity ratio of 1.32.
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About Grasim Industries Limited (GRASIM)
Construction Materials · Cement & Cement Products · Listed on NSE
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