Gravity (India) Limited has issued revised unaudited financial results for Q3FY26 following the identification of typographical errors in the nine-month revenue figures. The company announced these corrections on February 08, 2026, one day after the original board meeting held on February 07, 2026.

Revenue Figure Corrections

The company identified inadvertent typographical errors in the nine-month period figures that required correction under Regulation 33 of SEBI Listing Regulations:

The company emphasized that these corrections did not impact the total revenue and profit figures of the financial results, maintaining the integrity of the overall financial performance metrics.

Q3FY26 Financial Performance

Despite the corrections, the company's quarterly performance remained strong with significant improvements across key metrics:

Board Meeting and Compliance

The board meeting was conducted at the company's registered office with the following details:

Auditor's Qualified Review

A V K A S & Co issued a qualified conclusion on the financial results, highlighting compliance issues including non-provision for gratuity obligations under Ind AS 19, non-recognition of right-of-use assets under Ind AS 116, non-deposit of TDS amounts, and inadequate documentation for fixed asset verification. The auditors confirmed that despite these qualifications, the results comply with SEBI Listing Regulations requirements.

Corporate Information

Gravity (India) Limited operates under CIN L62099MH1987PLC042899 with its registered office at Shree Rajlaxmi Commercial Complex, Bhiwandi. The company maintains a paid-up equity share capital of ₹900.20 lakh with a face value of ₹10.00 per share. Geetanjali Malik serves as Company Secretary & Compliance Officer, while Mukesh M Parmar holds the position of Managing Director.

Gravita India Limited has announced the launch of its state-of-the-art lithium-ion battery recycling plant at Mundra, Gujarat, marking a significant expansion into the growing battery recycling sector. The announcement was made on January 23rd, 2026, through a regulatory filing under Regulation 30 of the SEBI Listing Regulations.

Investment and Facility Details

The company has committed approximately Rs. 14 crores for the procurement and commissioning of the recycling facility, with funding sourced entirely from internal accruals. The plant has been established with a processing capacity of 6,000 MTPA, positioning the company to serve the expanding electric vehicle and renewable energy markets.

Strategic Positioning and Technology

The new facility employs advanced technology designed to improve efficiency and scalability of the recycling process while ensuring minimal environmental impact. The company emphasizes safe and sustainable recycling practices that reduce toxic chemical waste and conserve precious resources. This venture represents Gravita's commitment to promoting a circular economy through material reuse and reducing dependency on mining for raw materials.

Market Alignment and Future Plans

The lithium-ion battery recycling initiative aligns with Gravita's sustainability goals and the global transition toward cleaner energy solutions. As electric vehicle adoption continues to accelerate, the company aims to establish itself as a key player in the global battery recycling market. The company has indicated plans to expand its recycling operations scope and collaborate with leading players in the EV and renewable energy sectors to enhance recycling capabilities.

Company Background

Gravita India operates as a leading global recycling company with 13 eco-conscious manufacturing facilities worldwide, collectively capable of processing 3,45,659 MTPA. The company maintains a presence in over 70 countries and brings over three decades of recycling expertise across 5 business verticals. This latest venture into lithium-ion battery recycling represents a strategic expansion of the company's existing recycling portfolio.