Grasim Industries Ltd — Interim / Quarterly Report 2021

Jun 22, 2021

22[nd] June 2021

Ref No. GIL/CFD/SEC/22/054/SE

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BSE Limited Dalal Street, Phiroze Jeejeebhoy Towers, Fort, Mumbai - 400 001 Scrip Code: 500300

The National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C/1, G Block, Bandra- Kurla Complex, Bandra (East), Mumbai 400051 Symbol: GRASIM

Sub : Compliance under Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sirs,

Pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the disclosure of Related Party Transactions on a consolidated basis, in the format specified in the accounting standards for the half year ended 31[st] March 2021.

This is for your information and records.

Thanking you,

Yours sincerely,

For Grasim Industries Limited

Digitally signed by Sailesh Sailesh Kumar Daga Kumar Daga Date: 2021.06.22 19:10:19 +05'30'

Sailesh Daga Company Secretary

Encl : as above

Cc:

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

Citibank N.A.

Depositary Receipt Services 388 Greenwich Street, 6[th] Floor New York, NY 10013

Citibank N.A.

Custodial Services FIFC, 11[th] Floor, C-54 & 55, G Block, 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 : P.O. Birlagram, Nagda – 456 331 (M.P.)

GRASIM INDUSTIRES LIMITED

Related Party disclosures in accordance with Ind AS 24 on a consolidated basis for the Half Year Ended 31st March 2021

Related Parties with whom the Company has transactions :

Joint Ventures:

AV Group NB Inc., Canada Birla Jingwei Fibres Company Limited, China Aditya Group AB, Sweden AV Terrace Bay Inc., Canada Aditya Birla Elyaf Sanayi Ve Ticaret Anonim Sirketi, Turkey Aditya Birla Power Composites Limited Bhubaneswari Coal Mining Limited Bhaskarpara Coal Company Limited Aditya Birla Wellness Private Limited Aditya Birla Sun Life AMC Limited Aditya Birla Sunlife Trustee Company Private Limited

Associates:

Aditya Birla Science & Technology Company Private Limited Madanpur (North) Coal Company Private Limited Waacox Energy Private Limited

Post-Employment Benefits Plan:

Grasim Industries Limited Employees Provident Fund (GILEPF) IndoGulf Fertilisers Employee Provident Fund Trust Jayshree Provident Fund Institution Century Rayon Provident Fund Trust No. 1 & 2 Grasim Industries Limited Employees' Gratuity Fund UltraTech Cemco Provident Fund Grasim (Senior Executive & Officers) Superannuation Scheme

Key Management Personnel (KMP):

Shri Kumar Mangalam Birla, Non-Executive Director Smt. Rajashree Birla, Non-Executive Director Shri Dilip Gaur, Managing Director Shri Cyril Shroff, Independent Director Shri Thomas Connelly Jr., Independent Director Shri Shailendra K Jain, Non-Executive Director Shri N. Mohan Raj, Independent Director Shri O.P. Rungta, Independent Director Shri Arun Thiagrajan, Independent Director Smt. Anita Ramachandran, Independent Director Dr. Santrupt Misra, Non-Executive Director Shri Vipin Anand, Non-Executive Director Shri Ashish Adukia, Chief Financial Officer

Other related parties in which Directors or relative of Directors are interested

Aditya Birla Management Corporation Private Limited Birla Carbon Private Limited Birla Research Institute of Applied sciences Birla Group Holding Private Limited Shardul Amarchand Mangaldas & Co. Cyril Amarchand Mangaldas

Relatives of KMP

Shri Suvrat Jain (Son of Shri Shailendra K Jain) Shri Devarat Jain (Son of Shri Shailendra K Jain)

	` in Crore
	Six Months Ended 31st March, 2021
1. Disclosure of Related Party Transactions: (a) Revenue from Contract with Customers Joint Ventures Aditya Birla Power Composites Limited Aditya Birla Sun Life AMC Limited Birla Jingwei Fibres Company Limited Associates Waacox Energy Private Limited Other related parties in which Directors or relative of Directors are interested Aditya Birla Management Corporation Private Limited Birla Carbon India Private Limited Total (b) Interest and Other Income Joint Ventures Aditya Birla Power Composites Limited Aditya Birla Sun Life AMC Limited Aditya Birla Wellness Private Limited Associates Aditya Birla Science and Technology Company Private Limited Other related parties in which Directors or relative of Directors are interested Aditya Birla Management Corporation Private Limited Birla Carbon India Private Limited Total	0.68 73.36 82.30 2.71 0.59 0.06 159.70 1.33 0.43 0.68 1.83 3.78 0.40 8.46

GRASIM INDUSTIRES LIMITED

` in Crore Six Months Ended 31st March, 2021

(c) Purchase of Goods/Property, Plant & Equipment/Payment of Other Services Joint Ventures Aditya Birla Sun Life AMC Limited Aditya Birla Wellness Private Limited Aditya Group AB AV Group NB Inc. AV Terrace Bay Inc. Canada Birla Jingwei Fibres Company Limited Associates Aditya Birla Science and Technology Company Private Limited Other related parties in which Directors or relative of Directors are interested Aditya Birla Management Corporation Private Limited Birla Group Holdings Private Limited Birla Research Institute of Applied Sciences Cyril Amarchand Mangaldas Shardul Amarchand Mangaldas & Co. Relatives of KMP Total Recovery of Information technology (IT) Expenses (d) Finance Cost Associates Waacox Energy Private Limited (e) Repayment against Loans Given Associates Aditya Birla Science and Technology Company Private Limited (f) Investment in Equity Shares Joint Ventures Aditya Birla Power Composites Limited (g) Contribution to Post Employment Benefit Plan Grasim Industries Limited Employees Gratuity Fund Grasim (Senior Executive & Officers) Superannuation Scheme Grasim Industries Limited Employees' Provident Fund Indo gulf Fertilizer Ltd. Employee Provident Fund Trust Jayshree Provident Fund Institution Century Rayon Provident Fund Trust UltraTech Cemco Provident Fund Total (h) Inter Corporate Loan Taken Associates Waacox Energy Private Limited (i) Repayment of Inter Corporate Loan Taken Associates Waacox Energy Private Limited (j) Deposit Given (net) Joint Ventures Aditya Birla Sun Life AMC Limited Other related parties in which Directors or relative of Directors are interested Aditya Birla Management Corporation Private Limited Total (k) Reimbursement /(Recovery) of expenses: Joint Ventures Birla Jingwei Fibres Company Limited Aditya Birla Power Composites Limited Aditya Birla Sun Life AMC Limited Aditya Birla Wellness Private Limited Associates Aditya Birla Science and Technology Company Private Limited Waacox Energy Private Limited Other related parties in which Directors or relative of Directors are interested Aditya Birla Management Corporation Private Limited Total (l) Payments to Key Management Personnel Managerial Remuneration Paid Commission to Non Executive Directors (KMPs) Sitting fees to Directors Total*	1.23 6.33 220.12 377.48 (0.02) (0.11) 28.76 228.47 0.21 2.08 0.68 0.98 0.07
	866.26
	1.07 5.10
	12.40
	59.55 0.01 4.80 0.54 2.02 4.37 28.77
	100.08
	22.03 37.65 0.25 (25.49)
	(25.24)
	0.02 (0.48) (13.78) (0.19) (0.67) 0.15 (0.30)
	(15.25)
	7.56 0.91 0.32
	8.79

2. Outstanding Balances as on 31st March, 2021

2. Outstanding Balances as on 31st March, 2021
	` in Crore
	As at 31st March, 2021
(a) Trade Payables Joint Ventures AV Group NB Inc. Aditya Group AB Aditya Birla Sun Life AMC Limited Aditya Birla Wellness Private Limited Associates Aditya Birla Science & Technology Company Private Limited Other related parties in which Directors or relative of Directors are interested Aditya Birla Management Corporation Private Limited Total (b) Other Current and Non-Current Liabilities (Financial and Non-Financial) Joint Ventures Aditya Birla Sun Life AMC Limited Other related parties in which Directors or relative of Directors are interested Aditya Birla Management Corporation Private Limited Post-Employment Benefits Plan Century Rayon Provident Fund Trust Jayshree Provident Fund Institution IndoGulf Fertilisers Employee Provident Fund Trust Total (c) Trade Receivables Joint Ventures Birla Jingwei Fibres Company Limited Aditya Group AB Aditya Birla Power Composites Limited Aditya Birla Sun Life AMC Limited Aditya Birla Wellness Private Limited Associates Waacox Energy Private Limited Other related parties in which Directors or relative of Directors are interested Aditya Birla Management Corporation Private Limited Birla Carbon India Private Limited Total (d) Loans, Security Deposits and other Current Assets (Financial and Non-Financial) [Current & Non-Current] Joint Ventures Birla Jingwei Fibres Company Limited Bhaskarpara Coal Company Limited Aditya Birla Sun Life AMC Limited Associates Aditya Birla Science and Technology Company Private Limited Other related parties in which Directors or relative of Directors are interested Aditya Birla Management Corporation Private Limited Birla Carbon India Private Limited Birla Group Holding Private Limited Relatives of KMP Total (e) Equity Accounted Investments Joint Ventures Bhubaneswari Coal Mining Limited Aditya Birla Sun Life AMC Limited Aditya Birla Wellness Private Limited Aditya Birla Sunlife Trustee Company Private Limited Bhaskarpara Coal Company Limited Aditya Birla Power Composites Limited AV Group NB Inc. Birla Jingwei Fibres Company Limited Aditya Birla Elyaf Sanayi Ve Ticaret Anonim Sirketi Aditya Group AB AV Terrace Bay Inc. Associates Aditya Birla Science & Technology Company Private Limited Madanpur (North) Coal Company Limited Waacox Energy Private Limited Total (f) Preference Shares Joint Ventures AV Group NB Inc. Aditya Group AB Total	18.85 11.65 3.50 2.64 0.24 1.10 37.98 0.72 16.66 2.68 1.30 0.41 21.77 74.30 0.02 0.19 4.99 0.03 3.00 0.03 0.02 82.58 0.01 2.49 0.02 42.48 65.10 0.12 7.37 0.01 117.60 150.74 5,467.82 9.62 0.63 6.53 15.75 718.70 51.88 0.99 343.43 14.89 24.04 0.86 31.78 6,837.66 31.02 50.86 81.88
(g) Corporate Guarantees
Joint Ventures Bhaskarpara Coal Company Limited	1.70