Grasim Industries Ltd — M&A Activity 2022

Jan 1, 2022

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Ref No: GIL/CFD/SEC/22/138/SE

1[st] January 2022

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

Dear Sirs,

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

Re: Effective Date of the Scheme of Arrangement between Grasim Industries Limited and Indorama India Private Limited and their respective shareholders and creditors (“Scheme”)

With reference to our earlier disclosure relating to the sanction of the Scheme of Arrangement between Grasim Industries Limited (“ Company ” /“Transferor Company ”) and Indorama India Private Limited (“ Indorama ”/“ Transferee Company ”) and their respective shareholders and creditors (“ the Scheme ”) by the National Company Law Tribunal, Indore Bench at Ahmedabad (“ NCLT ”), we wish to inform you that transfer of Indo Gulf Fertiliser Business i.e. Divestment Business Undertaking as defined in the Scheme has been completed today and the Company has today i.e. 1[st] January 2022 received the consideration aggregating to Rs.1,860 Crore (after agreed adjustments as per the Scheme, primarily on account of reduction in the working capital since announcement, due to realization of outstanding fertilizer subsidy by the Company) from the Transferee Company.

The Transferor and Transferee Company has today i.e. 1[st] January 2022 filed the relevant certified copy of the order passed by the Hon’ble National Company Law Tribunal, Indore bench at Ahmedabad and Kolkata bench respectively, sanctioning the Scheme, with their respective jurisdictional registrar of companies.

Accordingly, the Effective Date and the Appointed Date of the Scheme shall be 1[st] January 2022 and the same has been approved by the Board of Directors of both the Company and Transferee Company.

Pursuant to the effectiveness of the Scheme with effect from today i.e. 1[st] January 2022, the Divestment Business Undertaking comprising of the urea fertilizer business of the Transferor Company, as defined in the Scheme stands transferred to and vested in the Transferee Company on a going concern basis in the manner as stated more particularly in the Scheme.

A copy of this disclosure is being uploaded on the Transferor Company's website at www.grasim.com.

The above is for your information.

Thanking you,

Yours sincerely,

For Grasim Industries Limited

Sailesh Digitally signed by Sailesh Kumar Daga Kumar Daga Date: 2022.01.01 15:02:43 +05'30' Sailesh Daga Company Secretary FCS-4164

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

Citibank N.A Citibank N.A. Depositary Receipt Services Custodial Services 388 Greenwich Street, FIFC, 11[th] Floor, C- 54 & 55, 6[th] Floor, New York, G Block, Bandra Kurla Complex, NY 10013 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 : P.O. Birlagram, Nagda – 456 331 (M.P.)