Gravity (India) Limited has officially notified the Bombay Stock Exchange regarding the resignation of its statutory auditors M/s DDM & Associates, Chartered Accountants, effective November 14, 2025. The announcement was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Auditor Resignation Details

The auditing firm DDM & Associates, with Firm Registration Number 133446W, submitted their resignation letter on November 14, 2025, informing the company of their inability to continue as statutory auditors. The primary reason cited for the resignation was pre-occupation with other assignments, preventing them from fulfilling their audit responsibilities for the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations by providing comprehensive details as required under SEBI regulations. The notification was made pursuant to Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Gravity (India) has attached the complete resignation letter along with Annexure A received from the auditing firm to ensure transparency in the disclosure process. The company has requested the stock exchange to take this information on record as part of its ongoing compliance with listing requirements.

Impact on Operations

The resignation represents a change in the company's audit arrangements, requiring the appointment of new statutory auditors to fulfill regulatory and compliance requirements. The company will need to initiate the process of selecting and appointing replacement auditors to ensure continuity in its audit functions and maintain compliance with statutory obligations.

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.