Gravita India Ltd Announces Voluntary Dissolution of South African Subsidiary
Gravita India Ltd announced that the voluntary dissolution of Recyclers South Africa (PTY) Ltd., a subsidiary of Gravita Netherlands B.V. situated in South Africa, has been completed. The company stated that since the subsidiary was not engaged in any business activity, the dissolution would not result in a material financial impact on the company's books.The details regarding the dissolution of Recyclers South Africa (PTY) Ltd. were reported by Gravita India Ltd on April 14, 2026.
In relation to the subsidiary, the following financial and operational details were noted:
| Particulars | Details |
|---|---|
| Contribution on Total Income Basis | NIL |
| Contribution on Net Worth Basis | Rs. 1.03 Lakhs (0.00%) |
| Consideration Received | No consideration will be received, as the company is being voluntarily dissolved. |
| Sale/Disposal Date | The subsidiary was not sold to any third party; the dissolution intimation was received on April 14, 2026. |
The data confirms that since Recyclers South Africa (PTY) Ltd. is being voluntarily dissolved, no consideration will be received from the sale or disposal of the unit. Furthermore, the transaction was not found to be related to related party transactions, nor did it fall outside the Scheme of Arrangement. Gravita India Ltd emphasized that the dissolution was confirmed and did not impact the company's financial standing.
GRAVITA Stock Price Movement
Shares of Gravita India Limited on Monday slipped by 0.15% to settle at ₹1555.9. The stock traded on a volume of 295,707 shares, moving within a range established between ₹1481 and ₹1578.Source:
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