Grasim Industries has successfully completed the interest payment for its 6.99% Non-Convertible Debentures (NCDs). The total interest payout amounted to ₹69.90 crore, with a net payment of ₹68.85 crore after accounting for ₹1.05 crore in TDS. The payment, originally scheduled for April 5, 2026, was processed on April 6, 2026, following a non-business day.
Payment Details
Grasim Industries has fulfilled its interest obligation for the 6.99% Fully Paid, Unsecured, Listed, Rated, Redeemable NCDs. With an issue size of ₹1,000 crore, the company disbursed a gross interest amount of ₹69.90 crore to its debenture holders. This financial commitment ensures timely returns for investors holding the company’s debt securities.
Transaction and Tax Considerations
While the interest payment was originally due on April 5, 2026, the company successfully remitted the funds on April 6, 2026, as the earlier date was a non-business Sunday. The net amount credited to eligible debenture holders was ₹68.85 crore. The difference of ₹1.05 crore represents the Tax Deducted at Source (TDS), which the company will deposit according to the prevailing tax laws.
Consistency in Obligations
This payout follows the company’s previous interest distribution on April 7, 2025. By adhering to its annual payment cycle, Grasim Industries continues to maintain its track record of timely debt servicing for its listed instruments, reinforcing investor confidence in the company’s financial health and administrative consistency.
Source: BSE
