Gravita India Ltd

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

Gravita India will hold a meeting of the Board of Directors of the Company on 27 July 2026.

Gravita India has received revision in credit ratings at IND AA-; Positive/ IND A1+ (rating affirmed, outlook revised from Stable) for bank facilities of Rs 150 crore.

Revenue from operations increased 13.1% YoY to Rs 1,172.76 crore during the quarter. Profit before tax fell 7.5% to Rs 105.95 crore in the March 2026 quarter compared with Rs 114.57 crore in the corresponding quarter previous year. Total expenses increased 12.25% YoY to Rs 1,075.67 crore during the quarter. Cost of materials consumed stood at Rs 891.69 crore (up 26.52% YoY), employee benefit expenses were at Rs 51.71 crore (up 41.49% YoY), and finance costs declined 22.24% YoY to Rs 4.37 crore during the period under review. EBITDA stood at Rs 112.91 crore in Q4 FY26, up 4.05% YoY, while EBITDA margin declined to 9.63% in Q4 FY26 from 10.46% in Q4 FY25. On the management commentary and business outlook, the company stated, 'Gravita ended FY26 on a strong note, reporting YoY growth of 5% in volumes, 10% in revenue, 12% in EBITDA, and 21% in PAT, while sustaining approximately 24% ROIC. Performance was supported by a higher share of value-added products and increased domestic scrap sourcing. The company incurred approximately Rs 372 crore in capex during the year, commissioned a 6,000 MTPA lithium-ion battery recycling plant at Mundra, and expanded its Mundra lead recycling capacity by 80,300 MTPA to 145,100 MTPA, with strategic port proximity enhancing raw material sourcing efficiency and strengthening access to global markets. Aligned with VISION 2030, Gravita continues to scale its core segments and targets 8+ LTPA capacity by FY29 while expanding into new verticals. The company has entered the copper recycling business through the proposed acquisition of up to a 100% stake in RMIL, supporting diversification and future growth. With a focus on volume growth, margin expansion, increasing share of value-added and non-lead businesses, and strong ESG-led execution, the company is well positioned to deliver consistent growth and enhance stakeholder value over the long term.' The company also announced the closure of subsidiary Recycling Infotech LLP. Separately, Gravita India said it will set up a copper recycling plant at Mandvi, Gujarat, with an estimated capital expenditure of Rs 160 crore. The company said the project is aimed at strategic diversification of business operations, optimal utilization and monetization of existing land assets, and long-term shareholder value creation. The company further said that it acquired a 98.95% equity stake in Rashtriya Metal Industries Limited (RMIL) during the year ended March 31, 2026, for an aggregate consideration of Rs 559.08 crore under a share purchase agreement executed on March 12, 2026. RMIL manufactures copper and copper alloy products and operates an integrated manufacturing facility at Sarigam, Gujarat. Following the acquisition, RMIL became a subsidiary of Gravita India with effect from March 12, 2026. The company added that the purchase price allocation and related fair value adjustments, including goodwill recognition, have been reflected in its consolidated financial statements. Gravita India is a manufacturer of lead, lead alloys & lead products, aluminum alloys & plastic granules and offers turnkey solutions for the recycling industry and consultancy.Powered by Capital Market - Live