Grasim Industries Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board also sanctioned a proposal to invest up to C$91.8 million (approximately ₹625 Crore) in the Rights Issue of its joint venture, AV Group NB Inc., Canada. The financial results were reviewed by the Audit Committee prior to Board approval.
Grasim Industries Approves Financial Results and Strategic Investment
Mumbai, November 13, 2026 – Grasim Industries Limited has announced key decisions following its Board of Directors meeting held today. The Board has approved the unaudited standalone and consolidated financial results of the Company for the quarter and half-year ended September 30, 2026. These results have been reviewed by the Audit Committee and are accompanied by Limited Review Reports from the Statutory Auditors.
Significant Investment in Joint Venture
In a strategic move, the Board also approved a proposal to make an investment of up to C$91.8 million (approximately ₹625 Crore) in the proposed Rights Issue of AV Group NB Inc, Canada (“AVNB”). AVNB is a joint venture of Grasim Industries, and the investment will be proportionate to the Company’s 45% shareholding in AVNB’s share capital. This investment is planned to be made in one or more tranches.
Meeting Details
The Board meeting commenced at 12:30 p.m. (IST) and concluded at 02:10 p.m. (IST). The company has provided the necessary disclosures as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Highlights
The unaudited financial results indicate a revenue from operations of ₹12,746.50 crore for the quarter ended September 30, 2026, and a net profit after tax of ₹2,306.16 crore for the same period.
The financial statements and auditor’s reports are enclosed with this communication for your information and record.
Source: BSE
