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.

Gravita India Limited has announced a major expansion of its recycling operations at Mundra, Gujarat, with a substantial investment of Rs 49.00 Crores. The expansion significantly enhances the company's lead recycling capabilities and reinforces its position as a leading player in the recycling sector.

Regulatory Disclosure and Compliance

The company has formally disclosed the capacity addition under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE and NSE, demonstrating the company's commitment to regulatory compliance and transparency.

Capacity Enhancement Details

The expansion focuses on increasing the lead recycling capacity at the existing Mundra facility. The enhancement represents a significant boost to the company's production capabilities, with existing capacity being close to full utilization.

Strategic Investment and Funding

The company has invested approximately Rs 49.00 Crores for the procurement and commissioning of the expanded recycling plant. The entire investment has been funded through the company's internal accruals, demonstrating strong financial management and cash generation capabilities.

This 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.

Operational Advantages and Market Position

The expanded capacity will enable Gravita to improve operational efficiencies, optimize logistics, and better serve key export markets. The Mundra plant's strategic proximity to the port continues to provide significant advantages in sourcing raw materials and serving global customers.

The expansion reinforces the company's commitment to circular economy principles while strengthening its ability to meet increasing demand for high-quality recycled lead in a responsible and sustainable manner.

Company Profile and Global Presence

Gravita operates as a leading global recycling company with an extensive manufacturing footprint and international reach.

The company's rich recycling heritage spans over three decades, with operations across 6 business verticals and a presence in more than 70 countries globally.