Gravita India Limited has announced a significant capacity expansion at its lead recycling unit situated at Phagi, Jaipur, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, made on 08th May, 2026, outlines the company's plan to increase the capacity of its existing facility, which is currently operating at close to full utilization.

Capacity Expansion Details

The company has filed the disclosure in line with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The expansion involves adding approximately 42,000 MTPA to the existing capacity of 35,319 MTPA at the Phagi, Jaipur facility. The following table summarizes the key parameters of the proposed capacity addition:

Financing and Strategic Rationale

The entire investment of approximately Rs. 30.00 Crores will be financed through internal accruals, reflecting the company's financial self-sufficiency in executing this expansion. According to the disclosure, the capacity enhancement aligns with the company's long-term strategy to strengthen its recycling capabilities and meet growing domestic and international demand for sustainable lead products.

Regulatory Disclosure

The announcement was submitted to both BSE Limited and the National Stock Exchange of India Limited by Company Secretary Nitin Gupta on 08th May, 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III - Part A, Para B of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with applicable listing norms.

Gravita India Limited has completed the full utilisation of proceeds raised through its Qualified Institutional Placement (QIP), according to the final Monitoring Agency report for Q4 FY2026 submitted by ICRA Limited on May 07, 2026. The report, prepared pursuant to Regulation 173A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirms that all utilisation is in line with the objects disclosed in the offer document, with no deviations recorded.

QIP Issue Overview

The QIP was conducted between December 16, 2024, and December 19, 2024, with ICRA Limited appointed as the Monitoring Agency under an agreement dated December 16, 2024. The key details of the issue are summarised below:

Utilisation of QIP Proceeds

The net proceeds of INR 981.42 crores were allocated across three primary objects as per the offer document. As at the end of Q4 FY2026 (March 31, 2026), all three objects have been fully utilised with nil unutilised balance. The progress in utilisation during and prior to the quarter is detailed below:

Notably, during Q4 FY2026, Rs. 90.53 crores was utilised toward the repayment and pre-payment of outstanding borrowings, completing the full allocation of Rs. 530.00 crores earmarked for this object. All three objects — debt repayment, working capital funding, and general corporate purposes — were completed within FY2026 as scheduled, with no delays reported.

Breakdown of General Corporate Purpose Utilisation

The General Corporate Purpose (GCP) allocation of Rs. 201.42 crores was deployed across multiple operational heads, as certified by R Sogani & Associates. The detailed breakdown is as follows:

Monitoring Agency Findings

ICRA Limited, in its capacity as Monitoring Agency, confirmed the following key findings for Q4 FY2026:

• No deviations observed from the objects of the issue as disclosed in the offer document
• All utilisation verified through Peer Review CA Certificates, bank account statements, and management confirmations
• No material deviations as defined under SEBI regulations (i.e., no deviation in objects or in amounts by more than 10% of the offer document figures)
• No unfavorable or favorable events reported that could materially affect the viability of the objects
• No unutilised proceeds remain; deployment of idle funds table records Nil
• The means of finance for the disclosed objects has not changed

The report was signed by Parul Goyal Narang, Vice President & Head – Process Excellence, ICRA Limited, on May 07, 2026, and was submitted to the stock exchanges by Nitin Gupta, Company Secretary (FCS: 9984), Gravita India Limited, on the same date. The company, engaged in the recycling of Lead, Aluminium, and Plastic, has its promoters listed as Rajat Agrawal and Rajat Agrawal Trustee of Agrawal Family Private Trust, as sourced from BSE.