Board Meeting7 May 2026, 07:21 pm
Gravita India: Copper Recycling Plant at Mandvi, Capex ₹160 Cr
AI Summary
Gravita India Ltd's board approved the audited financial results for FY26, closure of Recycling Infotech LLP, setting up a Copper Recycling Plant at Mandvi, Gujarat with an approximate capex of ₹160 Crores, and the appointment of Deloitte as the new Internal Auditor for FY 2026-27, replacing PwC. The Copper Recycling Plant aims for strategic diversification, optimal land utilization, and long-term shareholder value creation.
Key Highlights
- Audited Financial Results (Standalone and Consolidated) for FY26 approved.
- Recycling Infotech LLP subsidiary to be closed.
- Copper Recycling Plant at Mandvi, Gujarat approved with ₹160 Cr capex.
- Deloitte appointed as Internal Auditor for FY27, replacing PwC.