Gravita India Limited has informed the Exchange about General Updates
GRAVITA · price
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Gravita India Limited has acquired an additional 20,400 shares representing 0.49% of Rashtriya Metal Industries Limited (RMIL), its subsidiary. Following this acquisition, Gravita's shareholding in RMIL has increased from 98.95% to 99.44%. This disclosure is a continuation of an earlier update made on 12th March 2026 and is filed under Regulation 30 of SEBI LODR Regulations. The company is now very close to 100% ownership of its subsidiary.
This increased stake consolidation strengthens Gravita's control over its subsidiary. The near-complete ownership at 99.44% positions the company for smoother future consolidation and simplifies any potential merger or delisting processes for RMIL.