Grasim Industries Limited has informed the Exchange regarding the confirmation of payment of interest
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Grasim Industries has confirmed that it has paid interest on its Non-Convertible Debentures (NCDs) under ISIN INE047A08182 (6.99% Series-21-22 maturing in 2031). The total interest amount paid is ₹69.90 crore on an issue size of ₹1,000 crore, paid annually. The original due date was 5th April 2025 (a Saturday and non-business day), so the payment was made on the next working day, 7th April 2025. The last interest payment was made on 5th April 2024, confirming an annual payment cycle.
This is a routine regulatory disclosure confirming timely debt servicing, with the 2-day delay purely due to the due date falling on a weekend. It signals the company's continued ability to meet its debt obligations on schedule and is neutral for shareholders.