Gravita India Limited — Others, 02-05-2025: Change in Auditors

Gravita India Ltd has announced a board meeting on May 2, 2025, where it approved the financial results for the quarter and half-year ended March 31, 2025, and declared an interim dividend of Rs. 6.35 per share. PricewaterhouseCoopers LLP was appointed as the new Internal Auditor, replacing KPMG, and M/s Pinchaa & Co. was re-appointed as Secretarial Auditor for five years, pending shareholder approval. Auditors issued a qualified opinion related to prior year employee benefit expenses on treasury share sales by the Gravita Employee Welfare Trust, but the company stated no adjustment is needed. Standalone revenue reached Rs. 3,222.77 crore with profit before tax at Rs. 232.92 crore, while consolidated revenue was Rs. 3,868.77 crore with profit before tax of Rs. 363.46 crore. Strong equity and prudent liabilities support ongoing expansion and shareholder returns.