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Ref No. GIL/CFD/SEC/27/058/SE 13th July 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 500300 Symbol: GRASIM Dear Sir/Madam, Sub: Acquisition of Solenergi Power Private Limited by Aditya Birla Renewables Limited, a subsidiary of the Company Ref: Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) This is to inform that the Board of Directors of Aditya Birla Renewables Limited (“ABReN”), a subsidiary of the Company, at its meeting held today, inter alia, considered and approved the execution of a Share Purchase Agreement (“SPA”) to acquire 100% of the equity shares and other securities of Solenergi Power Private Limited (“SPPL”), a private company limited by shares incorporated in Mauritius, along with its subsidiaries, from Shell Overseas Investment B.V., a wholly-owned subsidiary of Shell PLC. SPPL is an investment holding company for Sprng Energy Private Limited and Sprng Solar Plus Private Limited. The transaction is subject to the receipt of necessary regulatory approvals and satisfaction of other customary conditions under the SPA. Upon completion of the transaction, SPPL (along with its subsidiaries) will become subsidiaries of ABReN and consequently of the Company. The Stock Exchange intimation along with the Press Release issued by ABReN in this regard are enclosed herewith. Thanking you, Yours sincerely, For Grasim Industries Limited Neelabja Chakrabarty Company Secretary and Compliance Officer ACS - 16075 Encl: As above Luxembourg Stock Exchange Citibank N.A. Citibank N.A. 35A Boulevard Joseph II Depositary Receipt Services Custodial Services FIFC, 11th L-1840 Luxembourg 388 Greenwich Street, Floor, C-54 & 55, G Block, 26th Floor, New York, Bandra (East), Mumbai NY 10013 400051 Grasim Industries Limited Aditya Birla Centre, ‘A’ Wing, 2nd Floor, S.K. Ahire Marg, Worli, Mumbai 400 030, India T: +91 22 6652 5000 / 2499 5000 | F: +91 22 6652 5114 / 2499 5114 E: grasim.secretarial@adityabirla.com | W: www.grasim.com | CIN: L17124MP1947PLC000410 Regd. Office : P.O. Birlagram, Nagda – 456 331 (M.P.) To, July 13, 2026 BSE Limited P.J. Towers, Dalal Street, Fort Mumbai 400001 Scrip code 976038 (86ABRL27) ISIN INE01QP08016 Sub.: Acquisition of Solenergi Power Private Limited by Aditya Birla Renewables Limited Ref.: Regulation 51(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Ma am, Board of Directors of Aditya Birla Renewables Limited ( ), at its meeting held on July 13, 2026, inter alia, considered and approved having cumulatively a contracted portfolio of ~5.0 GWp (~3.3 GWp of operational capacity and ~1.7 GWp of under construction capacity) The transaction is subject to the receipt of necessary regulatory approvals and satisfaction of other customary conditions under the SPA. Upon completion of the transaction, SPPL (along with its subsidiaries) will become subsidiaries of the Company. , 2026. Aditya Birla Renewables Limited Registered Office: A-4 Aditya Birla Centre, S K Ahire Marg, Worli, Mumbai 400 030, Maharashtra, India T: +91 22 2499 5000 / 6652 5000 | F: +91 22 2499 5821, 6652 5821 E: abrel@adityabirla.com | W: www.adityabirlarenewables.com Administrative Office: Birla Aurora, 11th Floor, Dr. Annie Besant Road, Worli, Mumbai - 400 030, Maharashtra, India T: +91 22 6997 8000 Corporate Identity Number: U40300MH2015PLC267263 The brief details of the transaction are enclosed as . The press release giving the details of the transaction is enclosed as This disclosure is being made pursuant to Regulation 51(1) of the Listing Regulations. The Company confirms that the above transaction does not affect the payment of interest or principle on listed non-convertible debt securities of the Company. Encl.: As above Aditya Birla Renewables Limited Registered Office: A-4 Aditya Birla Centre, S K Ahire Marg, Worli, Mumbai 400 030, Maharashtra, India T: +91 22 2499 5000 / 6652 5000 | F: +91 22 2499 5821, 6652 5821 E: abrel@adityabirla.com | W: www.adityabirlarenewables.com Administrative Office: Birla Aurora, 11th Floor, Dr. Annie Besant Road, Worli, Mumbai - 400 030, Maharashtra, India T: +91 22 6997 8000 Corporate Identity Number: U40300MH2015PLC267263 Sr. Particulars Details a) Name of the target entity, details in brief such as size, Solenergi Power Private Limited, a private turnover, etc. company limited by shares incorporated in Mauritius, along with its subsidiaries. Size: Cumulatively a contracted portfolio of ~5.0 GWp (~3.3 GWp of operational capacity and ~1.7 GWp of under construction capacity) Consolidated Turnover: INR 1,253.4 crore for FY 25. b) Whether the acquisition would fall within related No. Neither Seller nor SPPL are related parties of party transaction(s) and whether the promoter/ the Company. promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest Further, none of the promoter/ promoter group/ and details thereof and whether the same is done at group companies of the Company have any interest in the entity being acquired. c) Industry to which the entity being acquired belongs Electric power generation using other non- conventional sources. d) Objects and impact of acquisition (including but not The transaction provides the Company with an limited to, disclosure of reasons for acquisition of opportunity to expand its renewable energy target entity, if its business is outside the main line of footprint through the acquisition of an established business of the listed entity) platform, rather than developing projects on a greenfield basis. The acquisition significantly accelerates the Compa growth strategy by combining its diversified pan- India portfolio of ~4.4 complementary utility-scale renewable energy platform cumulatively comprising a contracted portfolio of ~5.0 GWp of assets (~3.3 GWp of operational capacity and ~1.7 GWp of under construction capacity). The transaction is also aligned with the group companies long-term sustainability objectives and broader energy transition strategy. Aditya Birla Renewables Limited Registered Office: A-4 Aditya Birla Centre, S K Ahire Marg, Worli, Mumbai 400 030, Maharashtra, India T: +91 22 2499 5000 / 6652 5000 | F: +91 22 2499 5821, 6652 5821 E: abrel@adityabirla.com | W: www.adityabirlarenewables.com Administrative Office: Birla Aurora, 11th Floor, Dr. Annie Besant Road, Worli, Mumbai - 400 030, Maharashtra, India T: +91 22 6997 8000 Corporate Identity Number: U40300MH2015PLC267263 e) Brief details of any governmental or regulatory The acquisition is subject to receipt of the approvals required for the acquisition following key regulatory approvals: (a) approval of the Competition Commission of India; and (b) approval of the Central Transmission Utility of India Limited, as well as the satisfaction (or, where applicable, waiver) of other customary conditions precedent under the SPA. f) Indicative time period for completion of the On or before December 31, 2026 acquisition g) Consideration - whether cash consideration or share Cash Consideration swap or any other form and details of the same h) Cost of acquisition and/or the price at which the Enterprise value of INR 17,200 crore shares are acquired (~$ 1.8 Billion), the aggregate equity consideration payable to the Seller shall be determined after adjustments for debt, cash, and other items as detailed in the SPA. i) Percentage of shareholding /control acquired and/or Stake: 100% (One Hundred Percent) of the equity number of shares acquired shares and securities of SPPL. j) Brief background about the entity acquired in terms Background: SPPL was incorporated in Mauritius of products/line of business acquired, date of in September 2016 and functions as an investment incorporation, history of last 3 years turnover, holding company for Sprng Energy Private Limited country in which the acquired [Showing first 8,000 characters — download PDF for full document]