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 has disclosed that its step-down subsidiary Gravita Netherlands BV (GNBV) plans to make an additional investment in Gravita Europe S.R.L., increasing its stake in the Romanian recycling operations. The company made this announcement on December 24, 2025, in compliance with SEBI Listing Regulations.

Transaction Details

The acquisition involves the planned purchase of 3,50,891 additional shares, representing a 15% stake in Gravita Europe S.R.L. The transaction parameters are outlined below:

About Gravita Europe S.R.L.

Gravita Europe S.R.L. is a Romanian subsidiary engaged in trading and recycling of waste tyres. The company was incorporated on November 5, 2024.

Regulatory Compliance and Approvals

The transaction has been structured as a non-related party transaction, with no promoter or promoter group interest in the entity being acquired. The company has indicated that the transaction may require certain approvals from local Romanian authorities.

Key regulatory aspects include:

• Compliance with SEBI Regulation 30 disclosure requirements
• Potential approvals from Romanian local authorities
• Transaction falls outside related party transaction framework

Strategic Alignment

The acquisition aligns with Gravita India's core business operations in the manufacturing and recycling sector. The company noted that Gravita Europe S.R.L.'s business activities are within the mainline business of the listed entity, focusing on waste tyre recycling operations in the Romanian market.

This investment represents Gravita India's continued expansion in European markets through its subsidiary structure, strengthening its presence in the waste recycling segment across international operations.