Change in Director / Key Managerial Personnel
Nature of change: Transition of Textiles Business leadership with cessation of current Business Head and appointment of new CEO.
Mr. Kapil Agrawal (Ceasing Role):
- Business Head, Textiles Business and Senior Management Personnel
- Will cease his position effective close of business hours on 31st October 2026
- Reason: Moving to a new role within the Aditya Birla Group (internal movement)
- Will continue to discharge duties until 31st October 2026
- No brief profile provided for cessation
Ms. Sangeeta Tanwani (Appointed Role):
- Appointed as CEO (Designate) Textiles Business and Senior Management Personnel effective 1st August 2026
- Will take over as CEO – Textiles Business effective 1st November 2026
- Brings over three decades of experience across Retail, FMCG, Financial Services and Pharmaceuticals
- Leadership roles spanning Marketing, Branding, Strategy, and business leadership
- Joined Aditya Birla Group in 2018
- Led significant transformation of Pantaloons
- Spearheaded Group's entry into deep value segment through build up of Style Up and its subsequent transformation into "OWND" brand
- Designed for India's Gen Z and youthful, trend-conscious consumers
Regulatory Compliance:
- Disclosure made pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Compliance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
- Approved by Board of Directors based on recommendation of Nomination and Remuneration Committee
Key Financial or Operational Approvals
Board Approval:
- Board approved the appointment of Ms. Sangeeta Tanwani as CEO (Designate) Textiles Business and Senior Management Personnel
- Board noted the cessation of Mr. Kapil Agrawal as Business Head, Textiles Business
- Decisions taken on 17th June 2026
Strategic or Business Context
Business Unit Focus: The transition specifically affects the Textiles Business division of Grasim Industries Limited.
Group Mobility: The change represents internal movement within the Aditya Birla Group, reflecting the Group's ethos of building diverse career opportunities for senior leadership.
Leadership Experience: The new appointee brings extensive cross-sector experience (Retail, FMCG, Financial Services, Pharmaceuticals) and proven transformation capabilities from previous roles within the Group.
Any Other Material Information
Disclosure Details:
- Reference Number: GIL/CFD/SEC/27/046/SE
- Date of Disclosure: 17th June 2026
- Company CIN: L17124MP1947PLC000410
Company Contacts:
- Company Secretary and Compliance Officer: Neelabja Chakrabarty (ACS – 16075)
- Corporate Office: Aditya Birla Centre, 'A' Wing, 2nd Floor, S.K. Ahire Marg, Worli, Mumbai 400 030
Copied to: Luxembourg Stock Exchange and Citibank N.A. (Depositary Receipt Services and Custodial Services)