Overview
- Grasim’s board accepted Hargave’s resignation with his exit effective at the close of business on Dec. 5, 2025.
- Managing Director Himanshu Kapania will serve as interim CEO while the board finalizes a permanent successor.
- Directors approved 26% equity stakes in SPVs to provide captive renewable energy for plants at Vilayat, Balabhadrapuram, and Ganjam with partners Prozeal and GMR.
- Company filings credited Hargave with establishing six integrated manufacturing facilities and building nationwide distribution during the start-up phase.
- Analysts described the departure as surprising, noting Birla Opus has shown limited growth over the past six to seven months.