Gravita India Limited has delivered exceptional wealth creation over the past five years, transforming from a ₹82.50 stock to ₹1,689 per share. This remarkable journey represents gains of approximately 1,938%, demonstrating the company's strong fundamentals and market positioning in the recycling sector.

Stock Performance Analysis

The company's share price performance showcases impressive growth trajectory over the five-year period:

As of the latest trading session, Gravita India shares closed at ₹1,689, down 2% from the previous closing price of ₹1,725 per share.

Business Overview and Operations

Gravita India Limited operates as a globally recognized recycler and manufacturer of non-ferrous metals, with primary focus on lead, aluminum, and plastic recycling. The company has established a strong international presence across 70+ countries, with exports contributing more than half of its consolidated revenue.

The company's business structure encompasses:

• Lead Recycling: Flagship vertical and core business segment
• Aluminum Recycling: Secondary metal recovery operations
• Plastic Recycling: Sustainable plastic waste management
• Turnkey Projects: Complete lead battery recycling plant solutions

Financial Performance Highlights

Gravita India reported strong financial results for Q2 FY26, demonstrating consistent growth across key metrics:

The company's improved ROCE and ROE metrics indicate enhanced capital allocation efficiency and operational performance.

Expansion Strategy and Future Outlook

Gravita India is executing an ambitious expansion plan under its Vision 2029 roadmap. The company has realigned its capital expenditure to approximately ₹1,225 crore, focusing on core business strengthening and diversification into new recycling segments.

Key Expansion Projects:

• Capacity Growth: Target to more than double capacity from 3.40 lakh MT to over 7 lakh MT by FY28
• Lithium-ion Recycling: Pilot unit at Mundra expected to go live in Q3 FY26
• Phagi Facility: 45,000 MT capacity addition expected by December 2026
• Mundra Rubber Facility: Commissioning planned for Q4 FY26 with revenue generation from FY27

The company's diversification strategy includes expansion into lithium-ion battery recycling, paper recycling, and steel recycling, positioning it for future growth in emerging recycling segments. With over three decades of experience and a diversified manufacturing footprint across India and international locations in Africa, Europe, and Asia, Gravita India appears well-positioned for continued value creation.

Gravity (India) Limited has successfully concluded its postal ballot voting process on January 09, 2026, with shareholders providing overwhelming approval for significant corporate restructuring initiatives. The company conducted the voting through remote e-voting facilities provided by National Securities Depository Limited (NSDL), with the process supervised by scrutinizer Arvind Sudra of Arvind Sudra & Associates.

Authorized Share Capital Enhancement

Shareholders approved a substantial increase in the company's authorized share capital through an ordinary resolution. The enhancement represents a significant expansion of the company's capital structure to support future growth initiatives.

The resolution received strong support with 99.94% of votes cast in favor, demonstrating shareholder confidence in the company's expansion strategy.

Business Diversification Through Object Clause Amendment

The second resolution, passed as a special resolution, approved the alteration of the Main Objects Clause in the company's Memorandum of Association. This amendment adds three new business verticals to expand the company's operational scope:

• Infrastructure Development: The company can now engage in developing, constructing, and managing infrastructure projects including roads, highways, bridges, ports, airports, power plants, and renewable energy projects
• Precious Metals Trading: Authorization to trade in bullion, gold, silver, platinum, precious stones, jewelry, and related products, including manufacturing and retail operations
• Agricultural Commodities: Permission to trade in agricultural products, grains, cereals, spices, fertilizers, and engage in contract farming and food processing activities

Voting Results and Process Details

The postal ballot process demonstrated strong shareholder participation and support. The voting was conducted from December 11, 2025, to January 09, 2026, with votes unblocked at 5:19 PM on the final day.

Both resolutions received identical voting results, with 31 members voting in favor and 14 members voting against. No invalid votes were recorded during the process.

Corporate Governance and Compliance

The postal ballot was conducted in compliance with Section 108 of the Companies Act, 2013, and relevant SEBI regulations. The company dispatched notices electronically to shareholders whose email addresses were registered with depositories or the registrar. Newspaper advertisements were published in Business Standard (English) and Mumbai Lakshadeep (Marathi) on December 11, 2025.

The resolutions are deemed to have been passed on January 09, 2026, being the last date of e-voting, and will enable the company to pursue its expanded business objectives across multiple sectors.