Gravita India Limited has announced the demise of Dr. Mahavir Prasad Agarwal, a promoter of the company, in a regulatory filing made on March 10, 2026. The company informed both BSE and NSE about this development in compliance with SEBI Listing Regulations.

Promoter Details and Shareholding Structure

According to the company's disclosure, Dr. Mahavir Prasad Agarwal held the position of promoter but did not directly own any shares in Gravita India Limited. However, he served as a trustee of Agrawal Family Private Trust, which is classified as a promoter entity of the company.

Regulatory Compliance and Implications

The company has made this disclosure pursuant to Regulations 30 and 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Under Regulation 31A(6)(c) of the Listing Regulations, Dr. Agarwal will cease to be considered a promoter following his demise.

The notification was signed by Nitin Gupta, Company Secretary (FCS: 9984), and submitted to both stock exchanges where the company is listed. Gravita India trades on BSE with scrip code 533282 and on NSE under the symbol GRAVITA.

Corporate Communication

The formal intimation was sent to the listing departments of both exchanges, maintaining transparency with stakeholders and ensuring compliance with regulatory requirements. This disclosure reflects the company's commitment to timely communication of material events affecting its promoter structure.

Gravita India Limited has filed the official scrutinizer's report with BSE and NSE on March 7, 2026, confirming the successful completion of its postal ballot process. The company appointed Mr. Bhupendra Kumar Dak as Non-Executive Independent Director following overwhelming shareholder support through the remote e-voting process.

Official Filing and Documentation

The company submitted the scrutinizer's report to both stock exchanges through a formal communication dated March 7, 2026. Company Secretary Nitin Gupta (FCS-9984) filed the documentation with BSE and NSE under Regulation 30 compliance requirements.

Postal Ballot Process Timeline

The Board of Directors approved the postal ballot proposal on January 21, 2026, pursuant to Sections 108 and 110 of the Companies Act, 2013. The company appointed Mr. Akshit Kumar Jangid, Practicing Company Secretary (FCS:11285; CP:16300) from M/s Pinchaa & Co., Jaipur, as the scrutinizer to ensure fair and transparent voting process.

The e-voting period commenced at 09:00 A.M. on February 5, 2026, and concluded at 05:00 P.M. on March 6, 2026. The company sent postal ballot notices via email to all registered shareholders and published advertisements in Financial Express (English Edition) and Nafa Nuksan (Hindi Edition) on February 5, 2026.

Detailed Voting Results by Category

The official scrutinizer's report confirmed the appointment of Mr. Bhupendra Kumar Dak (DIN: 06881403) as Non-Executive Independent Director. The voting results demonstrated exceptional shareholder confidence across all categories.

The resolution was passed as a Special Resolution with the requisite majority. The scrutinizer conducted the vote counting process in the presence of two witnesses, Mrs. Supriya Sharma and Mr. Mohit Asrani, who are not employed by the company.

Director Appointment and Compliance

Mr. Bhupendra Kumar Dak has been appointed as Non-Executive Independent Director for a five-year term effective from March 16, 2026. The appointment complies with Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Regulations regarding independence criteria.

The postal ballot process was conducted in accordance with the Companies Act, 2013, SEBI Listing Regulations, and various MCA circulars. Mr. Yogesh Malhotra (DIN: 05332393), Whole Time Director & CEO, countersigned the scrutinizer's report, confirming the company's compliance with all regulatory requirements.