Gravita India Subsidiary Gravita Metal Inc. to Cease Operations

Gravita India Ltd announced the closure of its subsidiary, Gravita Metal Inc., effective August 1, 2026. The Board of Directors approved this decision during a meeting on July 27, 2026. The closure is driven by the desire for greater operational and cost efficiencies, as the same line of business is consolidated into the company's other manufacturing facility in Jaipur. Gravita Metal Inc. contributed 2.65% to turnover and 0.05% to net worth in the last financial year. The company anticipates no material impact on its overall financial position due to this closure. The Board also approved the unaudited financial results for the quarter ended June 30, 2026.