Gravita India shareholders adopt FY26 results, approve borrowing powers
- Gravita India Limited held its 34th AGM on September 28, 2026, via video conferencing
- Shareholders adopted standalone and consolidated financial statements for FY26
- Special resolution approved borrowing money in excess of paid-up capital and free reserves
- Remuneration revisions approved for CEO Yogesh Malhotra and CFO Sunil Kansal
- No adverse remarks noted in Statutory or Secretarial Audit reports
*this image is generated using AI for illustrative purposes only.
Gravita India Limited held its 34th Annual General Meeting on September 28, 2026, via video conferencing. The meeting focused on the adoption of standalone and consolidated financial statements for FY26 and the approval of special business items regarding corporate borrowing limits.
Key Resolutions Passed
Shareholders voted on six agenda items, comprising ordinary and special business. The audited standalone and consolidated financial statements for the financial year ended March 31, 2026, were received and adopted. Mr. Sunil Kansal, Whole-Time Director and Chief Financial Officer, was re-appointed following his retirement by rotation.
The meeting also ratified the remuneration of cost auditors for FY27. Significant special resolutions included approval to borrow money in excess of paid-up share capital, free reserves, and securities premium. Additionally, revisions in remuneration were approved for Yogesh Malhotra, Whole-Time Director and CEO, and Sunil Kansal, Whole-Time Director and CFO.
Voting and Compliance Details
The company provided a remote e-voting facility through Central Depository Services (India) Limited from September 25 to September 27, 2026. Members present at the meeting who had not voted remotely utilized e-voting during the session. Akshit Kumar Jangid, Practicing Company Secretary, served as the scrutinizer for the voting process.
Rajat Agrawal, Chairman cum Managing Director, chaired the meeting. He confirmed that there were no qualifications or adverse remarks in the Statutory Auditors' report on the financial statements or the Secretarial Auditors' report on compliance.
| Resolution | Particulars | Type |
|---|---|---|
| 1 | Adoption of Standalone and Consolidated Financial Statements for FY26 | Ordinary |
| 2 | Re-appointment of Sunil Kansal (DIN: 09208705) | Ordinary |
| 3 | Ratification of Cost Auditor remuneration for FY27 | Ordinary |
| 4 | Borrowing in excess of paid-up capital and free reserves | Special |
| 5 | Revision in remuneration of Yogesh Malhotra (CEO) | Special |
| 6 | Revision in remuneration of Sunil Kansal (CFO) | Special |
Governance and Proceedings
The company secretary informed members that requisite registers, documents, and reports were available for electronic inspection. Directors introduced themselves, and the chairman addressed the members before the agenda was taken as read. Queries raised by shareholders were addressed by the management during the open floor segment.
The meeting concluded at 2:05 pm after allowing 15 minutes for final e-voting. Results of the remote e-voting and e-voting during the AGM will be submitted separately to stock exchanges in accordance with SEBI regulations.
Historical Stock Returns for Gravita India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.34% | -7.70% | -18.05% | +4.08% | -7.50% | 0.0% |
What specific capital-intensive projects or expansion plans will the newly approved borrowing limits fund?
How might the revised remuneration packages for the CEO and CFO impact Gravita India's long-term cost structure and shareholder returns?
In what ways will the increased debt capacity influence Gravita India's leverage ratios and credit ratings in the upcoming fiscal quarters?
19
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
