Gravita India Limited, a leading recycling company, has initiated a postal ballot to seek shareholder approval for revised remuneration packages for three key executives, effective April 1, 2025. This move comes as the company reports significant financial growth and expansion of its global operations.

Executive Remuneration Revisions

The postal ballot notice outlines proposed pay revisions for:

1. Mr. Rajat Agrawal - Chairman cum Managing Director
2. Mr. Yogesh Malhotra - CEO
3. Mr. Sunil Kansal - CFO

Shareholders can participate in the e-voting process from November 27 to December 26, 2025, to voice their decision on these remuneration changes.

Financial Performance Context

The proposed executive pay revisions come against a backdrop of strong financial performance by Gravita India. Key financial indicators from the company's balance sheet showcase impressive growth:

These figures demonstrate substantial year-over-year growth across key areas of the company's balance sheet, potentially justifying the proposed executive remuneration revisions.

Global Expansion

The company's growth is not limited to financial metrics. Gravita India has expanded its footprint to include 13 eco-conscious state-of-the-art manufacturing facilities globally. This expansion aligns with the company's strategy to strengthen its position in the recycling industry and may be a factor in the proposed executive pay revisions.

Shareholder Considerations

As shareholders prepare to vote on the remuneration packages, they may consider:

1. The company's financial performance and growth trajectory
2. The expanded global operations and increased complexity of managing a larger organization
3. The need to retain top talent in a competitive industry
4. The alignment of executive compensation with long-term shareholder value

The outcome of this postal ballot will be crucial in determining the compensation structure for Gravita India's top executives as the company continues its growth path.

Shareholders are encouraged to review the detailed postal ballot notice and consider the company's recent performance when casting their votes on this important corporate governance matter.

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.