GRAVITA INDIA LTD.

Gravita India Ltd has announced that its Board of Directors, in a meeting held on October 27, 2026, has fixed November 3, 2026, as the record date for determining eligible shareholders to receive an interim dividend for the financial year 2026-27. This intimation is made pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Gravita India Ltd's Board of Directors has approved and declared an interim dividend of ₹7.70 per equity share (385%) for the financial year 2026-27. The dividend is payable on shares with a face value of ₹2 each. The company also considered and approved its Un-Audited Financial Results (Standalone and Consolidated) for the Quarter and Half-Year ended September 30, 2026, along with the Limited Review Report. The record date for the interim dividend has been fixed as November 3, 2026, with payment scheduled by November 25, 2026. The Board meeting took place on October 27, 2026.

Gravita India Ltd's Board of Directors, in a meeting held on October 27, 2026, approved and declared an interim dividend of ₹7.70 per equity share (385%) for the financial year 2026-27. The company also considered and approved its Un-Audited Financial Results (Standalone and Consolidated) for the Quarter and Half-Year ended September 30, 2026, along with the Limited Review Report. The record date for this interim dividend has been fixed as November 03, 2026, with the payment expected by November 25, 2026. The board meeting commenced at 1:00 PM and concluded at 4:00 PM.

Gravita India Ltd announced that its Board of Directors, in a meeting held on October 27, 2026, approved the Un-Audited Financial Results (Standalone and Consolidated) for the Quarter and Half-Year ended September 30, 2026. The Board also declared an interim dividend of ₹7.70 per equity share (385%) for the financial year 2026-27. The record date for this dividend payment has been fixed as November 3, 2026, with payments expected by November 25, 2026. The company also received a Limited Review Report from its statutory auditors on the said results.

Gravita India's consolidated PAT came in at ₹102.03 Cr for Q2 FY27, up 6.3% YoY and down 4.1% QoQ, missing the ₹105–115 Cr range flagged in our pre-result preview even as revenue of ₹1,427.35 Cr (+37.8% YoY) beat the ~₹1,400 Cr expectation and EPS of ₹14.01 landed inside the ₹14–15 guided band. The headline revenue growth is not organic: the entire increase and more is explained by the new Copper segment (the Rashtriya Metal Industries business, consolidated with control from 12 March 2026), which billed ₹419.83 Cr this quarter against near-nil a year ago. Stripping Copper out, revenue was actually down roughly 2.7% YoY, and the core Lead business — still 59% of revenue — saw both revenue (₹835.07 Cr, -9.9% YoY) and segment profit (₹89.00 Cr, -20.3% YoY) contract, so the adjusted picture is a decline of roughly 14% in underlying (ex-Copper) segment profit against the +6.3% reported PAT growth. Consolidated OPM was 9.39%, down from 9.85% a year ago (margin compression is the primary YoY read) but a clear sequential recovery from the 7.44% logged in Q1 FY27 — consistent with the 'margin recovery test' framing of our preview, which had flagged a 224 bps EBITDA slide in Q1. NPM similarly eased to 7.06% from 9.04% YoY. Part of the sequential recovery is a Copper story: that segment's margin (segment result/revenue) improved to about 6.9% this quarter from roughly 4.2% in Q1, moving in the direction of management's guided ramp toward ₹60,000/ton copper margins by FY27-end. Aluminium was the organic bright spot, with segment profit up 79.5% YoY to ₹11.74 Cr; other income fell to ₹18.00 Cr from ₹26.32 Cr YoY, a modest additional drag on total income. Against the 25-30% PAT CAGR management guided 'going forward' on the Q1 FY27 call, this quarter's 6.3% reported PAT growth — and the roughly 14% YoY decline in segment profit once the new Copper business is excluded — falls well short, reading as a miss against the company's own trajectory rather than a beat. No standalone press release or management commentary specific to this quarter was available in our records to corroborate or contest this read; management gives no quarter-specific guidance on record beyond the FY27 call. The board used the print to declare an interim dividend of ₹7.70 per share (385% of face value, record date 3 November 2026), and the quarter's corporate activity was dominated by international expansion — new wholly-owned subsidiaries incorporated in the USA and Mozambique, and a ₹94.42 Cr investment into RMIL's rights issue — consistent with the FY29 capacity target of 800k+ tons (from 497k tons) and the ₹1,680 Cr multi-year capex plan laid out last quarter, though none of this moved this quarter's P&L materially. Standalone PAT of ₹47.34 Cr versus ₹102.03 Cr consolidated underscores how much of group profit now sits in subsidiaries, primarily the newly consolidated Copper/RMIL business.

Gravita India Ltd has announced the incorporation of its wholly owned subsidiary, Gravita Recyclers USA Inc., in the United States of America. This move follows an earlier intimation and is part of the company's expansion strategy. The subsidiary will engage in the trading of scrap and scrap materials. The initial capital investment is USD 50,000, with Gravita India holding 100% shareholding. The incorporation is considered a related party transaction as it is a wholly owned subsidiary.

Gravita India Ltd has announced a Board of Directors meeting scheduled for October 27, 2026. The primary agenda items include the consideration and approval of the Un-audited Financial Results for the quarter and half-year ended September 30, 2026. Additionally, the board will consider and declare an interim dividend for the Financial Year 2026-27 and fix the record date for the same. The company has also informed that the trading window for designated persons has been closed from October 1, 2026, and will reopen 48 hours after the financial results are declared.

Gravita India Ltd announced an additional investment of approximately ₹94.42 crores in its material subsidiary, Rashtriya Metal Industries Limited (RMIL), through a rights issue subscription. This investment aims to fund RMIL's general corporate purposes. RMIL, incorporated in 1946, is engaged in manufacturing copper and copper alloy products, with a net worth of ₹330 crore, total assets of ₹579 crore, and a turnover of ₹1041 crore for FY26. Gravita India's shareholding in RMIL will slightly increase from 99.5880% to 99.5881% post-rights issue. The transaction is considered at arm's length, despite RMIL being a related party.

Gravita India Ltd has announced the incorporation of Green Maputo Recyclers, LDA, a step-down wholly owned subsidiary, in the Republic of Mozambique. This new entity, incorporated on October 2, 2026, aims to explore future business opportunities and expand the company's recycling operations in Lead, Aluminium, and Rubber. The incorporation was facilitated through its step-down subsidiary Gravita Netherlands B.V. and wholly owned subsidiary Gravita Global Pte. Ltd., Singapore. The cost of acquisition is USD 2,00,000, with Gravita Netherlands B.V. holding 99% and Gravita Global Pte. Ltd. holding 1% of the shares. The company is newly incorporated and has yet to commence business, with no turnover reported yet. This move signifies Gravita India's strategic expansion into new geographical markets for its core recycling business.

Gravita India Ltd announced its Board of Directors has approved the incorporation of a Wholly Owned Subsidiary (WOS) in the United States of America (USA). The proposed entity, tentatively named Gravita Recyclers USA Inc., will be engaged in the trading of scrap and scrap materials. The initial capital investment for this subsidiary is set at USD 50,000, with Gravita India Ltd subscribing 100% to the initial capital in cash. This move signifies Gravita India's strategic expansion into the US market to bolster its trading operations.