Grasim Industries Limited — Important, 17-12-2024: Updates

Grasim Industries Limited is moving forward with the payment of the Second and Final Call Money for its partly paid-up equity shares. This final call amounts to ₹ 906.00 per share, encompassing ₹ 1.00 towards face value and ₹ 905.00 towards premium. Shareholders are expected to make this payment between January 6 and January 20, 2025. A record date has been established as December 13, 2024, to identify the eligible shareholders. Non-compliance with payment could result in forfeiture of shares as per the company's Articles of Association and the Letter of Offer. Current trading of the partly paid-up shares has been suspended as of December 13, 2024, reflecting adjustments associated with the call. Stakeholders should treat the call as final, with no further issues anticipated for the rights offering. Investors should monitor developments closely, given the implications for share value and potential for upcoming capital raises post-payment.