Grasim Industries Ltd — Capital/Financing Update 2021

Mar 24, 2021

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Ref No: GIL/CFD/SEC/21/181/SE

24[th] March 2021

BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 500300 Scrip Code: GRASIM

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”) – Outcome of Board meeting held on 24[th] March 2021

Dear Sirs,

Further to our intimation letter dated 21[st] March, 2021 and pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that, the Board of Directors of Grasim Industries Limited (the “ Company ”) at its meeting held on 24[th] March, 2021 has inter-alia, approved the following:

1. raising of funds (a) by availing of term loans (in INR or foreign currency); (b) or by issue of debt securities including but not limited to the issuance of foreign currency denominated bonds or debentures (in INR or foreign currency) or any other securities (“ Securities ”) which may be issued in one or more tranches, in India or overseas, within the overall borrowing limit of Rs. 10,000 Crore (previously approved Rs. 7,000 Crore), on a private placement basis or otherwise, in each case from/to the eligible persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the Securities under applicable laws including the ECB guidelines issued by Reserve Bank of India from time to time and that may be listed in any one or more stock exchanges in India or overseas.

2. authorized the Finance Committee of the Board of Directors to finalise mode, terms and conditions of raising of funds including availment of term loans (in INR or foreign currency) or issuance of Securities and decide on all matters and transaction relating to the same.

The Board meeting commenced at 9.00 am and concluded at 9.55 am.

You are requested to take the same on your record.

Thanking you, Yours faithfully,

For Grasim Industries Limited

HUTOKSHI Digitally signed by HUTOKSHI ROHINTON ROHINTON WADIA WADIA Date: 2021.03.24 10:10:25 +05'30'

Hutokshi Wadia

President & Company Secretary

Cc: Luxembourg Stock Exchange Citi Bank N.A. Market & Surveillance Dept., P.O. Depositary Receipt Services Box 165, L-2011 Luxembourg, 388 Greenwich Street, Grand Duchy of Luxembourg, 6[th] Floor, New York, Europe NY 10013

Citi Bank N.A.

Custodial Services FIFC, 11[th] Floor, C-54 & 55, G Block Bandra Kurla Complex, Bandra (East), Mumbai-400098

Grasim Industries Limited

Aditya Birla Centre, ‘A’ wing, 2[nd ] 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 : Birlagram, Nagda – 456 331 (M.P.)