Gravita India to Set Up Wholly Owned US Recycling Subsidiary

has approved the incorporation of a wholly owned subsidiary in the United States, proposed to be named Gravita Recyclers USA Inc. or such other name as may be approved under US laws. The decision was approved by the company’s Board on October 5, 2026. The proposed US entity will operate in the trading segment and will primarily be engaged in the trading of scrap and scrap materials. Gravita India will hold 100% ownership in the new subsidiary, with the initial capital subscription set at USD 50,000 in cash. The incorporation is part of Gravita India’s international expansion and could strengthen its presence in the US scrap and recycling ecosystem. The company has not disclosed any requirement for governmental or regulatory approvals for the proposed incorporation. The date of incorporation is yet to be finalised. For investors, key monitorables include the formal incorporation of the subsidiary, commencement of operations, scrap sourcing and trading volumes, and the eventual contribution of the US business to Gravita India’s international operations. The initial USD 50,000 capital represents the proposed starting investment and should not be interpreted as the total future investment in the business. Disclosure: I do not hold any position or financial interest in the mentioned stock.