( On behalf of #Grasim the award was received by Mr. Hemant Kadel-Chief Financial Officer and Mr. Sumit Das-Head – Risk Management)

Grasim Industries Limited has been honoured with the "Masters of Risk - Conglomerate (Large Cap)" award at the CNBC TV18 & ICICI Lombard India Risk Management Awards 2026, marking a consecutive year of recognition for excellence in risk management.

This prestigious accolade reflects Grasim's unwavering commitment to sustainable growth, underpinned by robust risk governance, prudent decision-making, and a resilient business framework.

Receiving the award on behalf of the Company, Mr. Hemant Kadel, Chief Financial Officer, Grasim Industries Limited, emphasized:

“At Grasim, we believe that risk management is not a standalone function but an integral part of every strategic and operational decision. By embedding risk thinking into our business processes, we empower our teams to pursue growth opportunities with greater clarity, confidence, and resilience.”

Grasim's Enterprise Risk Management framework is centred on preparedness, responsiveness, and continuous adaptation. Supported by a robust multi-tier governance structure, enables early identification of emerging risks, consistent evaluation and timely mitigation through clearly defined accountability and ownership.

The Company's risk management approach is focused on creating long-term stakeholder value by:

• Protecting people and fostering a safe workplace
• Ensuring compliant, reliable, and responsible operations
• Safeguarding assets and business continuity
• Strengthening decision-making and operational resilience
• Protecting margins and enabling sustainable, disciplined growth in an evolving risk landscape

This recognition is a testament to the collective efforts of Grasim's businesses, the steadfast support of senior leadership, and the active oversight of its Risk Management Committees. Together, they continue to strengthen a culture where effective risk management serves as a catalyst for innovation, resilience, and sustainable value creation.

As Grasim continues its transformation journey, risk management remains a strategic enabler, helping the Company navigate uncertainty, seize opportunities, and create enduring value for all stakeholders.