Monitoring Agency Report

Ref No. GIL/CFD/SEC/27/083/SE 12th August 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 500300 Symbol: GRASIM Sub: Monitoring Agency Report Ref: 1. Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 2. Regulation 82(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 Dear Sirs, Please find enclosed Monitoring Agency Report for the quarter ended 30th June 2026, issued by CARE Ratings Limited for utilisation of funds of Rights Issue of the Company. There is no variation / deviation in the utilisation of such funds. The aforesaid information is also being made available on the website of the Company at www.grasim.com Thanking you, Yours sincerely, For Grasim Industries Limited Neelabja Chakrabarty Company Secretary and Compliance Officer ACS – 16075 Encl: As above Luxembourg Stock Citibank N.A. Citibank N.A. Exchange 35A Boulevard Depositary Receipt Services Custodial Services Joseph II 388 Greenwich Street, FIFC, 11th Floor, C-54 & L-1840 Luxembourg 26th Floor, New York, 55,G Block Bandra Kurla NY 10013 Complex, Bandra (East), Mumbai - 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.) Monitoring Agency Report No. CARE/HO/GEN/2026-27/1126 The Board of Directors Grasim Industries Limited P.O. Birlagram, Nagda – 456331 (M.P.) August 12, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026- in relation to the Rights issue of Grasim Industries Limited (“the Company”) We write in our capacity of Monitoring Agency for the Rights Issue for the amount aggregating to ₹3,999.80 crore of the Company and refer to our duties cast under 82 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated January 04, 2024. Request you to kindly take the same on records. Thanking you, Yours faithfully, Arti Roy Associate Director arti.roy@careedge.in CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Report of the Monitoring Agency Name of the issuer: Grasim Industries Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Arti Roy Designation of Authorized person/Signing Authority: Associate Director CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 1) Issuer Details: Name of the issuer : Grasim Industries Limited Name of the promoter : Kumar Mangalam Birla, Neerja Birla, Rajashree Birla, Vasavadatta Bajaj, Aditya Vikram Kumarmangalam Birla HUF, Ananyashree Birla, Aryaman Vikram Birla, Advaitesha Birla, Birla Consultants Ltd, Birla Industrial Finance (India) Ltd, Birla Industrial Investments (India) Ltd, Hindalco Industries Ltd, Birla Group Holdings Pvt Ltd, Rajratna Holdings Pvt Ltd, Vikram Holdings Pvt Ltd, Vaibhav Holdings Pvt Ltd, Birla Institute Of Technology And Science, Pilani Investment and Industries, Renuka Ventures Ltd, IGH Holdings Pvt Ltd, P.T. Indo Bharat Rayon, P T Sunrise Bumi Textiles, P T Elegant Textile Industry, Thai Rayon Public Company Ltd, Surya Kiran Investments Pte Ltd & Anatole Investments Pte Ltd. Industry/sector to which it belongs : Producer of Cellulose, caustic soda, specialty chemicals, rayon-grade wood pulp, linen yarn, fabrics, paints, cement, financials services, renewables and B2B online marketplace for building materials. 2) Issue Details Issue Period : January 17, 2024, to January 29, 2024 Type of issue (public/rights) : Rights Type of specified securities : Equity shares IPO Grading, if any : Not Applicable Issue size (in crore) : ₹3,999.80 crore (Note-1) Note 1: The issue opened for subscription on January 17, 2024, and closed on January 29, 2024. The offer price of the company was ₹1,812 per share (including share premium of ₹1,810 per share). The issue was subscribed fully, however 3,025 shares are kept in abeyance pending regulatory/other clearances and the company has allotted 2,20,70,910 no. of shares aggregating to ₹ 3,999.25 crore (2,20,70,910 shares X ₹1,812). Of this, ₹453 per share (25% of ₹1,812), including a share premium of ₹452.50 per share (25% of ₹1,810), has been received as share application money, another ₹453 per share (25% of ₹1,812), including a share premium of ₹452.50 per share (25% of ₹1,810), has been received as first call money and balance ₹906 per share (50% of ₹1,812), including a share premium of ₹905 per share (50% of ₹1,810), has been received as second and final call money. Upon allotment, the company has received ₹999.81 crore (2,20,70,910 shares X ₹453) as share application money, ₹998.89 crore (2,20,50,618 shares X ₹453) as first call money and ₹1,996.48 crore (2,20,36,186 shares X ₹906) as second and final call money. The promoter shareholding prior to Rights issue as on December 31, 2023, was 42.75%. The same now stands at 43.74% as on June 30, 2026, after Rights issue. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Monitoring Agency Board of Directors [Showing first 8,000 characters — download PDF for full document]