Gravita India Board Approves Unaudited Results, Subsidiary Closure

Gravita India Ltd's Board of Directors met on July 27, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026 (standalone and consolidated). The board also approved the closure of operations of its subsidiary, Gravita Metal Inc., effective August 1, 2026. The closure is due to greater operational and cost efficiencies at the company's Jaipur facility. The subsidiary's operations contributed 2.65% to turnover, 0.05% to net worth, and 0.55% to PAT in the last financial year. The company expects no material impact on its financial position from this closure.