Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting - Subsidiary Incorporation
Date of Board Meeting / Approval: October 05, 2026
Meeting Duration: Commenced at 01:00 PM and concluded at 03:00 PM
Corporate Actions:
The Board of Directors approved the incorporation of a Wholly Owned Subsidiary in the United States of America (USA).
Subsidiary Details:
- Proposed Name: Gravita Recyclers USA Inc. (subject to approval as per US laws)
- Country of Incorporation: United States of America
- Ownership Structure: 100% Wholly Owned Subsidiary of Gravita India Limited
- Industry Classification: Trading
- Business Activity: Trading of scrap and scrap materials
- Initial Capital: USD 50,000
- Consideration Type: 100% cash subscription to initial capital
- Shareholding: 100% by Gravita India Limited
Regulatory Approvals: No governmental or regulatory approvals required for incorporation
Other Significant Information:
The subsidiary is yet to be incorporated ("To be incorporated").