Gravita India Ltd

Gravita India Limited announced it will invest approximately Rs 94.42 crore to subscribe to a rights issue of its material subsidiary, Rashtriya Metal Industries Limited (“RMIL”), which is engaged in the manufacturing of copper & copper alloy products. The investment will fund general corporate purposes for RMIL, incorporated in 1946, which had a net worth of Rs 330 crore, total assets of Rs 579 crore, and turnover of Rs 1,041 crore as of March 31, 2026. Gravita India Limited’s shareholding in RMIL will increase from 99.5880% to 99.5881% post the rights issue, and the transaction is considered an arm’s length related party transaction.

Gravita India Limited submitted a certificate to the BSE Ltd. and National Stock Exchange of India Ltd. on October 14, 2026, regarding the details of securities dematerialized/rematerialized for the quarter ended September 30, 2026, as per Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, with Kfin Technologies Limited acting as the Registrar to an Issue and Share Transfer Agent.

Gravita India Limited announced the incorporation of Green Maputo Recyclers, LDA, in Mozambique on October 2, 2026, as a step-down wholly owned subsidiary through Gravita Netherlands B.V. and Gravita Global Pte. Ltd., with Gravita Netherlands B.V. holding 99% shareholding and Gravita Global Pte. Ltd. holding 1% shareholding, and the acquisition involved a cash consideration of USD 200,000, according to a regulatory filing.

Gravita India Limited announced that its board of directors approved the incorporation of a wholly owned subsidiary, Gravita Recyclers USA Inc., in the United States of America, with an initial capital of USD 50,000. The new company will be engaged in the trading of scrap and scrap materials, and Gravita India Limited will hold 100% shareholding in the entity.

Gravita India Limited informed the BSE Limited and the National Stock Exchange of India Ltd. that its material subsidiary, Rashtriya Metal Industries Limited, has approved a rights issue to raise approximately Rs 94.81 crore through the issuance of equity shares, intended to support RMIL’s strategic initiatives.

Gravita India Limited informed the BSE Limited and the National Stock Exchange of India Ltd. that the trading window for designated persons and their immediate relatives will be closed from October 1, 2026, for consideration and approval of the company’s unaudited financial results for the quarter ended September 30, 2026, and will reopen 48 hours after the information is disclosed to the stock exchanges.

Gravita India Ltd announced that ICRA Limited has assigned ratings to its various bank loan facilities, totaling Rs 600.00, including Long-term – Fund-based – Working Capital Limits of Rs 352.00, Long-term – Fund-based – Unallocated Limits of Rs 98.00, Short-term – Non-fund based - Others of Rs 108.00, Short-term – Non-fund based – Unallocated limits of Rs 42.00, Short-term – Interchangeable limits – Non- Fund based of Rs 352.00, Long -term - Fund -based - Working Capital Limits of Rs 352.00, Long -term - Fund -based - Unallocated limits of Rs 98.00, Short -term - Non -fund based - Others of Rs 108.00, Short -term - Non -fund based - Unallocated limits of Rs 42.00, and Short -term - Interchangeable limits - Non -Fund based of Rs 352.00, all carrying the rating of [ICRA]AA(Stable), with the notes indicating a Material Subsidiary: Rashtriya Metal Industries Limited, alongside Short-term ratings of [ICRA]A1+ for various non-fund based facilities; additionally, ICRA also assigned ratings to Axis Bank Limited Working Capital Facilities of Rs 82.00, HDFC Bank Limited Working Capital Facilities of Rs 85.00, Kotak Mahindra Bank Limited Working Capital Facilities of Rs 40.00, RBL Bank Limited Working Capital Facilities of Rs 75.00, Federal Bank Limited Working Capital Facilities of Rs 70.00, Axis Bank Limited Non Fund -Based Facilities of Rs 58.00, Kotak Mahindra Bank Limited Non Fund -Based Facilities of Rs 20.00, Federal Bank Limited Non Fund -Based Facilities of Rs 30.00, and a BBB+ rating to the Bank Loan Facility of Rs 100 Crore, all with assignment dates of September 21, 2026.

Gravita India Ltd. informed the BSE Limited and the National Stock Exchange of India Ltd. that its register of members and share transfer books will be closed from September 22, 2026, to September 28, 2026, both days inclusive, for the company's 34th Annual General Meeting scheduled on September 28, 2026.

Gravita India Limited announced that its Finance Committee approved providing a corporate guarantee on behalf of Rashtriya Metal Industries Limited, a material subsidiary, for credit facilities of up to Rs 600 crore, with a guarantee amount not exceeding Rs 100 crore. The guarantee is at arm’s length, and Mr. Rajat Agrawal, a promoter and chairman cum managing director of Gravita India Limited, and Ms. Karvi Agrawal, the managing director of Rashtriya Metal Industries Limited and Mr. Agrawal’s daughter, have interests in the transaction, along with other family members holding a negligible percentage of shares in the subsidiary.

Net profit of Gravita India rose 14.08% to Rs 106.39 crore in the quarter ended June 2026 as against Rs 93.26 crore during the previous quarter ended June 2025. Sales rose 41.84% to Rs 1475.06 crore in the quarter ended June 2026 as against Rs 1039.94 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales1475.061039.94 42 OPM %7.449.68 - PBDT145.77124.64 17 PBT131.28115.93 13 NP106.3993.26 14 Powered by Capital Market - Live