Gravita India Limited — Important, 27-03-2025: General Updates

Gravita India Ltd. has announced a board meeting to discuss its completed acquisition of a Waste Tyre Recycling plant in Romania through its step-down subsidiary, Gravita Netherlands BV, which holds 80% equity in the newly formed special purpose vehicle (SPV). The total investment for this transaction is approximately ₹40 crore, with GNBV contributing around ₹32 crore. This move enhances Gravita's commitment to sustainable practices and expands its operational footprint in Europe. Investors may view this development positively as it aligns with growth strategies, although attention should be paid to operational integration risks.