BSECompany Update17 Oct 2026 · 17 Oct 2026, 04:51 pm
Aquisition through subscription to the rights issue of Rashtriya Metal Industries Limited("RMIL"),a material subsidiary of the company.
Gravita India Ltd · 533282
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Gravita India Ltd has approved an additional investment of approx. Rs. 94.42 crores in Rashtriya Metal Industries Limited, a material subsidiary, by subscribing to the rights issue.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment7/10
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Full Announcement
Gravita India Ltd - 533282 - Announcement under Regulation 30 (LODR)-Acquisition
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GRAVITA INDIA LTD.
Corp. Office: Gravita Tower, A-27 B, Shanti Path,
Tilak Nagar, JAIPUR- 302004, Rajasthan (INDIA)
Phone: +91-141-4057700/800
Web: www.gravitaindia.com CIN: - L29308RJ1992PLC006870
17th October, 2026
GIL/2026-27/101
The BSE Ltd. The Listing Department
Phiroze Jeejeebhoy Towers The National stock Exchange of India Ltd.
Dalal Street, Exchange Plaza, C-1, Block-G,
Mumbai – 400 001 Bandra - Kurla Complex, Bandra (E),
Fax No.: 022-22721919 Mumbai- 400 051
Scrip Code: 533282 Fax No.: 022-2659 8120
Company Code: GRAVITA
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 – Proposed acquisition through subscription to the rights issue of Rashtriya
Metal Industries Limited (“RMIL”), a material subsidiary of the Company
Dear Sir/Madam,
In furtherance of our intimation dated 30th September, 2026, and pursuant to Regulations 30 read with Para
A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”), we hereby inform the Stock
Exchanges that, pursuant to the Rights Issue approved by the Board of Directors of Rashtriya Metal
Industries Limited (“RMIL”), a material subsidiary of the Company, the Company has approved to make
an additional investment approx. Rs. 94.42 crores or such higher amount as may be required to subscribe
to the Rights Issue in the RMIL, by subscribing to the said Rights Issue.
Further, the details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended and Schedule III thereof read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on January 30, 2026, are enclosed is annexed
herewith as Annexure-A.
You are requested to take the above information on your record and oblige.
Yours Faithfully
For Gravita India Limited
Nitin Gupta
(Company Secretary)
FCS: 9984
Encl: As above
Regd. Offic e:
‘SAURABH’, Chittora Road, Diggi-Malpura Road
Tehsil: Phagi, JAIPUR- 303 904, Raj. (INDIA)
Phone: +91-9928070682
Email: companysecretary@gravitaindia.com
GRAVITA INDIA LTD.
Corp. Office: Gravita Tower, A-27 B, Shanti Path,
Tilak Nagar, JAIPUR- 302004, Rajasthan (INDIA)
Phone: +91-141-4057700/800
Web: www.gravitaindia.com CIN: - L29308RJ1992PLC006870
Annexure - A
As required under Regulation 30 of the Listing Regulations, as amended, read with SEBI Circular
bearing No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 details are
given below: -
Sr. No. Particulars Description
a) Name of the target entity, details in brief Rashtriya Metal Industries Limited (“RMIL”)
such as size, turnover etc.;
Brief details of its net worth, total assets as on
March 31, 2026, and turnover for the year ended
March 31, 2026, are set out below:
Amount (Rs. in Crores)
Net worth Turnover Total Assets
330 1041 579
b) Whether the acquisition would fall within The Target Entity is a Material Subsidiary of the
related party transaction(s) and whether Company and hence a related party. The
the promoter/ promoter group/ group transaction is at arm's length.
companies have any interest in the entity
being acquired? If yes, nature of interest Save and except as mentioned above, the
and details thereof and whether the same promoter/promoter group are not interested in the
is done at “arm’s length”; transaction.
c) Industry to which the entity being RMIL is engaged in the business of manufacturing
acquired belongs; of copper & copper alloy products (strips and coils)
with exports to UAE, USA, Thailand, Sri Lanka,
Oman, Saudi Arabia, Kenya and Indonesia etc.
d) Objects and impact of acquisition Investment in the Material Subsidiary for funding
(including but not limited to, disclosure of its General Corporate Purposes.
reasons for acquisition of target entity, if
its business is outside the main line of
business of the listed entity);
e) Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition;
f) Indicative time period for completion of Within the timelines specified in the Rights Offer
the acquisition; by the subsidiary company
g) Consideration - whether cash Cash consideration
consideration or share swap or any other
form and details of the same;
Regd. Offic e:
‘SAURABH’, Chittora Road, Diggi-Malpura Road
Tehsil: Phagi, JAIPUR- 303 904, Raj. (INDIA)
Phone: +91-9928070682
Email: companysecretary@gravitaindia.com
GRAVITA INDIA LTD.
Corp. Office: Gravita Tower, A-27 B, Shanti Path,
Tilak Nagar, JAIPUR- 302004, Rajasthan (INDIA)
Phone: +91-141-4057700/800
Web: www.gravitaindia.com CIN: - L29308RJ1992PLC006870
h) Cost of acquisition and/or the price at Approx Rs. 94.42 Crores
which the shares are acquired;
i) Percentage of shareholding / control Particulars % of Shareholding
acquired and / or number of shares Pre Rights Issue Offer 99.5880%
acquired; Post Rights Issue 99.5881%
Offer
j) Brief background about the entity Date of November 28, 1946
acquired in terms of products/line of Incorporation
business acquired, date of incorporation, Country of India
history of last 3 years turnover, country in Incorporation
which the acquired entity has presence and CIN U99999MH1946PLC005378
any other significant information (in Business Manufacturing copper &
brief); undertaken copper alloy products
Turnover of
Year Amount
last three years
FY 25-26 1041
(Rs. in crores)
FY 24-25 910
FY 23-24 688
Presence in India
Other NA
significant
information
Regd. Offic e:
‘SAURABH’, Chittora Road, Diggi-Malpura Road
Tehsil: Phagi, JAIPUR- 303 904, Raj. (INDIA)
Phone: +91-9928070682
Email: companysecretary@gravitaindia.com