The Board of Directors of the Grasim Industries Limited at its meeting held on May 24, 2019, the company accepted the request of Mr. Sushil Agarwal to relinquish his role as the Whole time Director & Chief Financial Officer of the Company and as Director of the Company, with effect from the close of business hours on June 30, 2019, as he will be pursuing another role in Aditya Birla Group. Approved the appointment of Mr. Ashish Adukia as the Chief Financial Officer of the Company, with effect from July 1, 2019. In terms of the provisions of the Companies Act, 2013.

Mr. Ashish Adukia will be the Key Managerial Personnel of the Company. The appointment is based on the recommendation of the Nomination and Remuneration Committee and the Audit Committee of the Board of Directors of the Company. Mr. Adukia currently Senior President, Corporate Finance joined the Group in August 2014 as President, Corporate Finance, Aditya Birla Management Corporation Pvt.

Ltd. Mr. Adukia was responsible for Business Planning and MIS and has contributed significantly to Mergers & Acquisitions and other key financial initiatives. Mr. Adukia has handled many critical projects, maximizing value addition from the Corporate Centre to the Group's key business issues.