Gravita India Limited has officially announced the results of its postal ballot process that concluded on December 26, 2025, with shareholders demonstrating overwhelming support for executive remuneration revisions. The voting results were declared under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Official Postal Ballot Results

The e-voting process conducted through Central Depository Services (India) Limited (CDSL) saw exceptional shareholder participation across all three special resolutions:

All resolutions were passed as Special Resolutions with the requisite majority from a total of 73,808,451 outstanding shares, representing 68.52% to 68.57% voter participation.

Regulatory Compliance and Process

The postal ballot was conducted in strict compliance with regulatory requirements:

Mr. Akshit Kumar Jangid of Pinchaa & Co., Company Secretaries, served as the scrutinizer and submitted his report confirming the fair and transparent conduct of the voting process.

Executive Remuneration Approvals

Shareholders approved revised remuneration packages for three key executives:

Mr. Rajat Agrawal - Chairman cum Managing Director (DIN: 00855284):

• Resolution received 99.96% approval
• Promoter group showed complete support (100% approval)

Mr. Yogesh Malhotra - Whole-Time Director & CEO (DIN: 05332393):

• Resolution secured 98.02% shareholder approval
• Non-promoter institutional investors showed 89.13% support

Mr. Sunil Kansal - Whole-Time Director & CFO (DIN: 09208705):

• Resolution passed with 98.01% approval
• Public non-institutional investors demonstrated 91.39% support

Corporate Governance Framework

The company maintained high standards of corporate governance throughout the process. Company Secretary Nitin Gupta (FCS: 9984) coordinated the entire postal ballot exercise, with results declared by Mr. Yogesh Malhotra, Whole Time Director & CEO, at the company's corporate office in Jaipur.

The voting process was conducted entirely through electronic means, with notices sent to all registered shareholders via email. The company utilized CDSL's remote e-voting platform to ensure secure and transparent voting procedures.

Financial Performance Context

The overwhelming shareholder support comes amid Gravita India's strong financial performance, with the company demonstrating significant growth across key metrics:

With the company's global expansion to 13 manufacturing facilities and robust financial growth, shareholders have clearly endorsed the leadership team's performance and the proposed compensation structure as appropriate for sustaining the company's growth trajectory.

Gravita India Limited has announced its decision to voluntarily close Recyclers South Africa (PTY) Ltd., a step-down subsidiary held entirely by Gravita Netherlands B.V. The closure comes as a result of a lack of business activity and is expected to have minimal financial impact on the company's operations.

Key Details of the Closure

The decision to close the South African subsidiary was disclosed in a regulatory filing by Gravita India Limited. Here are the essential points of the announcement:

Closure Process and Timeline

The company has stated that the process for closure will be initiated in accordance with applicable laws and regulations. While the exact date of completion for the closure has not been specified, Gravita India has committed to providing a separate intimation once the subsidiary is officially closed.

Financial Implications

According to the regulatory filing, the closure of Recyclers South Africa (PTY) Ltd. is not expected to have any material financial impact on Gravita India's books. This is primarily due to the subsidiary's lack of business activity and its minimal contribution to the parent company's financials.

Corporate Governance and Disclosure

Gravita India's decision to close the inactive subsidiary and its prompt disclosure to stakeholders aligns with good corporate governance practices. The company has provided detailed information as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The closure of this inactive subsidiary may be seen as a step towards streamlining operations and potentially improving overall efficiency within the Gravita India group. However, given the subsidiary's negligible financial contribution, the move is unlikely to significantly alter the company's financial position or operational capabilities in the near term.

Investors and stakeholders of Gravita India Limited should note that while this corporate action represents a change in the company's structure, its impact on the overall business appears to be minimal based on the information provided.