Grasim Industries Limited has issued a letter of awareness concerning the credit facilities availed by its subsidiary, Domsjo Fabriker AB, Sweden. The facilities amount to USD 39 million. Grasim, along with other joint venture partners, has expressed an intention to support Domsjo Fabriker AB in maintaining capital and liquidity levels to meet its obligations, without undertaking direct financial commitment or guaranteeing repayments.
Grasim Industries Issues Letter of Awareness for Subsidiary
Grasim Industries Limited has formally announced the issuance of a Letter of Awareness concerning its subsidiary, Domsjo Fabriker AB, Sweden. This disclosure is made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of the Awareness Letter
The letter of awareness has been issued to M/s. ICICI Bank, Gift City Branch, effective August 6, 2026. Domsjo Fabriker AB, a 100% subsidiary of Aditya Group AB, Sweden, has availed credit facilities amounting to USD 39 million. Grasim Industries Limited, along with other joint venture partners, has provided this letter. It signifies an intention to support Domsjo Fabriker AB in maintaining adequate capital and liquidity to meet its obligations.
Importantly, the letter clarifies that Grasim Industries Limited is not undertaking any direct financial commitment nor guaranteeing the repayments to the lenders. The issuance of this letter is considered to be at arm’s length and has no impact on the listed entity, Grasim Industries Limited.
Source: BSE
