NSEUpdates11 Sept 2026 · 11 Sept 2026, 06:39 pm
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Granules India Limited · GRANULES
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Granules India Limited has informed the Exchange regarding a change in shareholding of the Promoter and Promoter Group. Dr. Krishna Prasad Chigurupati, the Promoter, sold 1,72,00,000 equity shares through a block deal and open market. The transaction was undertaken to fund the second tranche of the Company’s ongoing preferential issue and support the next phase of growth initiatives.
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Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment5/10
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Granules India Limited has informed the Exchange regarding 'Update'.
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Date: September 11, 2026
National Stock Exchange of India Limited &
BSE Limited
Scrip Code: NSE- GRANULES; BSE-532482
Sub: Disclosure regarding change in shareholding of the Promoter and Promoter Group of
Granules India Limited.
Dear Sir/Madam,
We wish to inform you that the Company has received an intimation from Dr. Krishna Prasad
Chigurupati, Promoter of the Company, regarding the sale of 1,72,00,000 equity shares of Granules
India Limited on September 11, 2026, through a block deal & open market. The transaction saw
participation from marquee institutional investors, including Capital Group, Kotak Mahindra Life
Insurance Company, ChrysCapital, Allspring, and other domestic and global investors. The
transaction was undertaken to fund the second tranche of the Company’s ongoing preferential issue
and support the next phase of growth initiatives in line with its stated objects.
The Company has deployed the funds raised through the preferential issue in February 2026 and
executed the identified growth initiatives at a pace faster than originally envisaged. Accordingly,
the funds have been utilised significantly earlier than anticipated, reflecting the Company’s focused
execution of its strategic growth plans. The utilisation remains fully aligned with the objects
disclosed at the time of the preferential issue.
Following the transaction, the aggregate shareholding of the Promoter and Promoter Group in the
Company has changed from 38.02% to 31.08% of the paid-up equity share capital of the Company.
On a diluted basis, the aggregate shareholding of the Promoter and Promoter Group after the
transaction stands at 37.39%. Dr. Krishna Prasad Chigurupati’s individual shareholding, as a
Promoter of the Company, has changed from 31.00% to 24.06% of the paid-up equity share capital
of the Company.
This is for your information and records.
For GRANULES INDIA LIMITED
CHAITANYA TUMMALA
(COMPANY SECRETARY &
COMPLIANCE OFFICER)
REGISTERED OFFICE
Granules India Limited
CIN: L24110TG1991PLC012471
15th
Floor, Granules Tower, Botanical Garden Road, Kondapur, Hyderabad – 500084, Telangana, India
Contact Us: Tel: +91-40-69043500 |Fax: +91-40-23115145| mail@granulesindia.com
www.granulesindia.com