Gravita India Limited has announced the acquisition of additional shares in its subsidiary Rashtriya Metal Industries Limited (RMIL), further consolidating its ownership stake in the company. The acquisition was disclosed through a regulatory filing dated 16th April, 2026, submitted to both BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Acquisition Details

The company has acquired 20,400 shares of Rashtriya Metal Industries Limited, representing 0.49% of the subsidiary's total shareholding. This acquisition follows an earlier disclosure made by the company on 12th March, 2026, indicating ongoing efforts to increase its stake in the subsidiary.

Increased Ownership Structure

As a result of this latest acquisition, Gravita India's shareholding in Rashtriya Metal Industries Limited has increased from 98.95% to 99.44%. This brings the company's ownership stake very close to complete control of the subsidiary, with only a minimal 0.56% remaining with other shareholders.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Nitin Gupta, Company Secretary (FCS: 9984), and submitted to both major stock exchanges where the company is listed.

Corporate Information

Gravita India Limited operates from its corporate office at Gravita Tower, A-27 B, Shanti Path, Tilak Nagar, Jaipur-302004, Rajasthan. The company's registered office is located at 'Saurabh', Chittora Road, Diggi-Malpura Road, Tehsil: Phagi, Jaipur-303 904, Rajasthan. This strategic acquisition demonstrates the company's commitment to strengthening its subsidiary operations and maintaining consolidated control over its business units.

Gravita India Limited has completed the voluntary dissolution of its step-down subsidiary, Recyclers South Africa (PTY) Ltd., as announced in a regulatory filing dated April 14, 2026. The subsidiary was situated in South Africa and operated under Gravita Netherlands B.V.

Subsidiary Dissolution Details

The company informed stock exchanges that the voluntary dissolution process has been completed following earlier disclosures made on November 15, 2025. The subsidiary had ceased all business activities prior to the dissolution, making it a non-operational entity within the corporate structure.

Financial Impact Assessment

The dissolution will have no material financial impact on Gravita India's consolidated accounts. The subsidiary's contribution to the parent company was minimal, reflecting its inactive status.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed disclosures as required under the SEBI master circular dated January 30, 2026.

Key regulatory aspects include:

• No sale agreement involved as this was a voluntary dissolution
• No consideration received from the process
• Transaction does not fall under related party transactions
• Dissolution completed outside any scheme of arrangement

Corporate Structure Optimization

The dissolution represents a strategic move to streamline Gravita India's corporate structure by eliminating non-operational entities. This action helps reduce administrative overhead and compliance requirements associated with maintaining inactive subsidiaries across international jurisdictions.

The company continues to focus on its core recycling business operations while maintaining regulatory transparency through timely disclosures to stock exchanges.