Gravita India Q3 FY26 QIP Monitoring Report Shows Compliant Fund Utilization

Gravita India has received a clean monitoring report from ICRA Limited for its Qualified Institutional Placement (QIP) proceeds utilization during the quarter ended December 31, 2025. The monitoring agency confirmed no deviations from the disclosed objects of the issue, indicating compliant fund deployment by the lead recycling company.

QIP Issue Overview

The company successfully raised ₹1000.00 crores through its QIP issue conducted between December 16-19, 2024. The issue comprised 47,70,537 equity shares priced at ₹2096.20 each, including a premium of ₹2094.20 per share. After accounting for issue-related expenses, the net proceeds available for utilization stood at ₹981.42 crores.

Parameter	Details
Issue Size	₹1000.00 crores
Issue Period	December 16-19, 2024
Share Price	₹2096.20 per share
Net Proceeds	₹981.42 crores
Monitoring Agency	ICRA Limited

Fund Utilization Progress

As of December 31, 2025, Gravita India has utilized ₹909.47 crores of the total ₹1000.00 crores raised, representing approximately 91% deployment of the proceeds. The utilization pattern demonstrates focused execution across the three stated objectives of the QIP.

Object	Allocated Amount (₹ Crores)	Utilized Amount (₹ Crores)	Remaining (₹ Crores)
Debt Repayment	530.00	439.47	90.53
Working Capital	250.00	250.00	0.00
General Corporate Purposes	201.42	201.42	0.00
Issue Expenses	18.58	18.58	0.00
Total	1000.00	909.47	90.53

The company has fully utilized funds allocated for working capital requirements and general corporate purposes. The remaining unutilized amount of ₹90.53 crores pertains entirely to the debt repayment objective, which is scheduled for completion during FY2026.

General Corporate Purpose Deployment

The monitoring report provides detailed breakdown of the ₹201.42 crores utilized under general corporate purposes during Q3 and Q4 FY25:

TREDS Payments: ₹104.29 crores (₹13.82 crores in Q3 FY25 and ₹90.47 crores in Q4 FY25)
Statutory Dues: ₹57.40 crores in Q4 FY25
Domestic Vendors & Salary Payments: ₹39.73 crores in Q4 FY25

Unutilized Proceeds Investment

The company has prudently invested the unutilized ₹90.53 crores across various financial instruments to optimize returns while maintaining liquidity. The investments have generated earnings of ₹4.11 crores, bringing the total value to ₹94.64 crores as of quarter-end.

Investment Type	Amount Invested (₹ Crores)	Current Value (₹ Crores)	Return (%)
Invesco India Arbitrage Fund	67.00	69.38	6.81
AU Bank Fixed Deposit	15.00	15.91	8.55
Kotak Low Duration Fund	5.00	5.48	7.26
Aditya Birla Sunlife Saving Fund	2.87	3.00	7.07
Tata Money Market Fund	0.65	0.86	6.49
Bank Balance	0.01	0.01	-

Regulatory Compliance and Timeline

ICRA Limited's monitoring report confirms that all fund utilization aligns with SEBI regulations and the original offer document disclosures. The company has maintained the proposed timeline for fund deployment, with working capital and general corporate purpose objectives completed as scheduled. The debt repayment component remains on track for completion within FY2026 as originally planned.

The monitoring agency found no unfavorable events affecting the viability of the stated objectives and confirmed that all statutory approvals related to the fund utilization have been appropriately obtained. This positive assessment reinforces the company's disciplined approach to capital deployment and regulatory compliance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.02%	-4.41%	-14.21%	-9.80%	-29.96%	+1,854.47%

Gravita India Limited has announced a post-results conference call to discuss its Q3FY26 and 9MFY26 earnings performance. The conference call is scheduled for January 23, 2026, and represents an important investor engagement initiative organized in collaboration with Antique Stock Broking Limited.

Conference Call Details

The earnings discussion session will commence at 12:00 PM IST on Friday, January 23, 2026. The company has structured this meeting to provide comprehensive insights into its quarterly and nine-month financial performance for FY26.

Parameter:	Details
Date:	January 23, 2026
Time:	12:00 PM IST
Organizer:	Antique Stock Broking Limited
Format:	Conference Call
Focus:	Q3FY26 and 9MFY26 Earnings

Senior Management Participation

The conference call will feature key members of Gravita India's senior management team who will lead the earnings discussion and address investor queries.

Position:	Name	Designation
CEO:	Yogesh Malhotra	Whole Time Director & CEO (DIN: 05332393)
CFO:	Sunil Kansal	Whole Time Director & CFO (DIN: 09208705)
Executive Director:	Naveen Prakash Sharma	Executive Director (Non-Board Member)
Investor Relations:	Anant Jain	Investor Relations

Access Information

The company has provided comprehensive dial-in details to ensure broad accessibility for both domestic and international participants. Indian participants can access the call through universal numbers +91 22 6280 1342 and +91 22 7115 8243.

International participants have access to toll-free numbers across multiple countries:

Americas: USA (18667462133), Canada (01180014243444), Argentina (0080014243444)
Europe: UK (08081011573), Germany (0080014243444), France (0800914745), Netherlands (08000229808)
Asia-Pacific: Japan (00531161110), Singapore (8001012045), Hong Kong (800964448), China (4008428405)

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Nitin Gupta (FCS: 9984) signed the regulatory filing on January 19, 2026.

Contact Information

For conference call enquiries, participants can contact Antique Stock Broking Limited representatives Manish Mahawar (+91 22 6911 3427, manish.mahawar@antiquelimited.com ) and Aditya Mehta (+91 22 6911 3460, aditya.mehta@antiquelimited.com ). The company has also provided an Express Join option with DiamondPass for streamlined access to the conference call.