Grasim Industries Ltd — Capital/Financing Update 2021

Feb 13, 2021

13[th] February 2021

Ref. No. GIL/CFD/SEC/21/155/SE

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BSE Limited The National Stock Exchange of India Limited Dalal Street, Exchange Plaza, 5[th] Floor, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 500300 Symbol: GRASIM

Dear Sirs,

Sub: Grant of Stock Options – Grasim Industries Limited Employee Stock Option Scheme 2018

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Nomination and Remuneration Committee of the Board of Directors of the Company has granted 3,36,097 Stock Options in aggregate, comprising of 3,22,925 Options and 13,172 Restricted Stock Units on 12[th] February 2021 to the eligible employees of the Company, including the Managing Director of the Company, under Grasim Industries Limited Employee Stock Option Scheme 2018 (the Scheme 2018).

The Scheme 2018 will be implemented through a trust, Grasim Employees’ Welfare Trust (Trust) in accordance with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 (SEBI SBEB Regulations). The Scheme 2018 involves secondary acquisition of equity shares of the Company, by the Trust through recognized stock exchanges in compliance with SEBI SBEB Regulations and other applicable laws.

The grant details are as follows:

Number of Stock Options granted	3,36,097 Stock Options in aggregate, comprising of 3,22,925 Options and 13,172 Restricted Stock Units(RSUs)
Whether the scheme is in terms of SEBI(SBEB) Regulations, 2014 (if applicable)	Yes
Vesting Period	For 2,54,141 Options- 100% at the end of one year from the date of grant For 68,784 Options- 25% each, over 4 years. The first vesting being on completion of one year from the date of grant For 13,172 RSUs- 100% vesting at the end of 3 years from the date of grant (Bullet Vesting after 3 years from the date of grant)
Exercise Period	Stock Options to be exercised within 5 years from the date of vesting

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.)

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Exercise Price For Options- Rs. 1,235.45 per Option, based on the "Market Price" on the date prior to the date of Grant i.e. 11[th] February 2021, in accordance with applicable SEBI SBEB Regulations For RSUs- Rs. 2 per RSU

The same is for your information and record.

Thank you.

Yours faithfully,

For Grasim Industries Limited

HUTOKSHI Digitally signed by HUTOKSHI ROHINTON ROHINTON WADIA WADIA Date: 2021.02.13 12:07:36 +05'30' Hutokshi Wadia

President & Company Secretary

Cc: Luxembourg Stock Exchange

Market & Surveillance Dept. , P.O. Box 165, L-2011 Luxembourg, Grand Duchy of Luxembourg, Europe

Citi Bank N.A.

Citi Bank N.A.

Depositary Receipt Services Custodial Services 388 Greenwich Street, 6[th] Floor FIFC, 11[th] Floor, C-54 & 55, G Block New York, NY 10013 Bandra Kurla Complex Bandra (East), Mumbai 400 098

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.)