Appointment of M/s Deloitte Touche Tohmatsu India LLP (Deloitte), as the new internal auditor of the company for the financial year 2026-27 in place of M/s PricewaterhouseCoopers Services ....
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Gravita India's Board approved appointment of Deloitte Touche Tohmatsu India LLP as the new internal auditor for FY 2026-27, replacing PwC Services LLP whose tenure concluded. This is a routine internal audit firm rotation. The Board meeting also approved audited standalone PAT of Rs. 267.02 crores (up 37.5% YoY) on revenue of Rs. 3,481.37 crores for FY2026, and consolidated PAT of Rs. 378.33 crores on revenue of Rs. 4,265.27 crores. Other approvals include closure of Recycling Infotech LLP subsidiary and setting up a copper recycling plant at Mandvi, Gujarat with Rs. 160 crore capex. The company also completed acquisition of Rashtriya Metal Industries Limited for Rs. 559.08 crore in March 2026.
The internal auditor change is procedural and signals no governance concerns. Strong financial performance with near 38% PAT growth demonstrates solid execution. The new copper recycling plant expansion signals continued business diversification and capital deployment for long-term growth.