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Ref No.: GIL/CFD/SEC/27/089/SE 21st August 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 500300 Symbol: GRASIM Dear Sirs/Madam, Sub: Chairman’s Speech at the 79th Annual Genera l Meeting of Grasim Industries Limited (“the Company”) Please find enclosed Chairman’s Speech delivered at the 79th Annual General Meeting of the Company held today at 11:30 a.m. (IST) through Video Conference (“VC”) / Other Audio-Visual Means (“OAVM”). The above is for your information and record. Thanking you, Yours sincerely, For Grasim Industries Limited Neelabja Chakrabarty Company Secretary and Compliance Officer ACS - 16075 Encl: as above Luxembourg Stock Exchange Citi Bank N.A. Citi Bank N.A. 35A Boulevard Joseph II Depository Receipt Services Custodial Services FIFC, L-1840 Luxembourg 388 Greenwich Street, 11th Floor, C-54 & 55, 26th Floor, New York, G Block, Bandra (East), NY 10013 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.) Grasim Industries Limited Chairman’s Speech 79th Annual General Meeting Friday, 21st August 2026 – 11.30 am through Video Conferencing Dear fellow Shareholders, The story of Grasim has always been one of transformation and it is a privilege to address you at a time when your Company stands at an important inflection point, stronger in scale, broader in ambition, and even more deeply aligned with India’s growth journey. In the next few days, on the 25th August, your Company will be celebrating the 80th anniversary of its incorporation. Trust has been pivotal to our journey and our growth as the company has consistently renewed itself across business cycles and across time horizons. Today, Grasim has 10 business lines and a market capitalisation exceeding 2 trillion rupees. As I reflect on the year gone by, I do so with a deep sense of gratitude and confidence. The world around us remains complex with geopolitical tensions, volatile commodity prices, evolving trade policies and shifting supply chains continue to test businesses. At the same time, India has remained a bright spot, anchored by robust domestic demand, infrastructure creation, manufacturing growth, digital adoption and rising aspirations across urban and rural markets. As India advances toward becoming a larger, more inclusive and more sustainable economy, your Company is positioned at the intersection of many of the country’s most important growth vectors, housing, infrastructure, consumption, financial inclusion, digital commerce, sustainability and clean energy. This year’s theme, “Built on Trust. Scale with Purpose”, captures the essence of Grasim’s journey and its future direction. Trust has been the foundation on which your Company has built enduring businesses, lasting relationships and a strong reputation over decades. Purpose is what guides us as we scale, ensuring that our growth is deeper in impact, more responsible in execution and more aligned with the aspirations of a new India. This gives us confidence that, in FY27, Grasim is poised to reach ₹ 2 lac crore of consolidated revenue, nearly double the level five years ago, establishing Grasim as a powerful example of what trusted institutions can achieve when they scale with clarity, conviction and purpose. The greatest strength of a legacy institution is the ability, I believe is to remain forever young. I have always believed that legacy may give you the licence to exist. But foresight and dynamism are what give you the right to prosper and to Lead. Let me now talk about the year gone by, a year that reflected Grasim’s scale, strength and strategic priorities. In FY26, Grasim continued to build on its diversified strengths. Your Company sustained its momentum across core businesses, advanced in newer growth businesses, and remained focused on prudent capital allocation, operational excellence and long-term shareholder value creation. During the year, your Company achieved its highest-ever consolidated revenue of ₹1,75,431 crore. EBITDA also reached its highest-ever levels at ₹25,872 crore. This performance validates your Company’s strategic direction, execution capability and long-term growth potential. The composition of Grasim’s earnings is becoming increasingly balanced. Our established businesses continue to generate strong cash flows, while our new growth engines are scaling rapidly and creating long-term value. This is precisely the portfolio architecture we have consciously built, one that combines leadership in mature sectors with the ambition to create tomorrow’s category leaders. Our Cement business, UltraTech, continues to be a cornerstone of India’s infrastructure and housing growth. Our Cellulosic Fibres business remains rooted in innovation, sustainability and global competitiveness. Our Chemicals business continues to serve critical industries and strengthen its position through integration, scale and efficiency. Our financial services platform, Aditya Birla Capital, continues to expand access to financial solutions for millions of Indians and our twin growth engines, Birla Opus and Birla Pivot, are setting new standards in the building materials ecosystem. The common thread across these businesses is clear: Grasim is helping shape India’s next growth chapter. Let me now turn to the performance of our key business segments, beginning with Building Materials, a space where Grasim is creating a deeper and more integrated presence across India’s construction ecosystem. The building materials opportunity in India is immense. Housing, urbanisation, infrastructure development and rising consumer aspirations are creating a long runway for growth. Through UltraTech Cement, Birla Opus and Birla Pivot, Grasim now has a deeper and more integrated presence across this ecosystem. Our cement business, UltraTech Cement, continues to set benchmarks in scale, efficiency, sustainability and market leadership. Its expansion is aligned with India’s infrastructure ambitions and the growing need for quality building solutions across the country. One of the defining milestones for Your Company was UltraTech Cement crossing the landmark of 200 million tonnes per annum of grey cement capacity in April this year. This achievement reflects decades of disciplined investment, operational excellence, project agility and an unwavering commitment to nation- building. Birla Opus in just two years, has moved from launch to scale, doubling its revenue year-on-year and achieving a 10% revenue market share of the Indian decorative paints market on standalone basis in FY26. It is already the Number 2 player by capacity market share. Along with Birla White putty business, Grasim’s revenue market share has reached early teens in Indian decorative paints market. Backed by world-class manufacturing, a robust across India network, wide range product portfolio, a sharp brand proposition and a relentless focus on consumers, Birla Opus has firmly established itself as a formidable force in India’s decorative paints industry. The Opus journey reflects Grasim’s ability to enter a large, competitive market with conviction, invest with patience, and create a business that is already reshaping the contours of the industry. Birla Pivot, too, has moved decisively from concept to scale. Our B2B e-commerce platform for building materials has surpassed its annual revenue guidance of ₹8,500 crore by a full one year. In a very short span of time, Birla Pivot has built a powerful new B2B operating system for a fragmented building materials value chain. By bringing together manufacturers, dealers, contractors and institutional buyers on a technology-led platform, Birla Pivot is creating greater efficiency, transparency and speed in an organised mark [Showing first 8,000 characters — download PDF for full document]