GRASIM : AVNB FACILITY TEMPORARILY IDLED

• Grasim's 45% stake in Canadian pulp JV AVNB is subject to temporary idling of Nackawic facility. • AVNB operates two dissolving grade pulp mills located at Nackawic and Atholville, New Brunswick, Canada. • The Nackawic facility has a capacity of ~190K TPA of dissolving-grade pulp. • This decision follows an assessment of prevailing market conditions and broader macroeconomic factors. • Communication uploaded on company's website www.grasim.com.

Grasim Industries Limited

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