Gravita India Limited announced the outcome of its Board Meeting held on January 21, 2026. The Board considered and approved the Un-Audited Financial Results (Standalone and Consolidated) for the Quarter and Nine Months ended December 31, 2025, along with the Limited Review Report from the Statutory Auditors. Additionally, the Board recommended the appointment of Mr. Bhupendra Kumar Dak as a Non-Executive Independent Director, subject to shareholder approval. Mr. Dak, a former Senior Indian Police Service officer, holds a B.E. and M.Tech. from IIT Delhi and has been honored with the President’s Police Medal for Distinguished Service and Police Medal for Meritorious Service. His appointment is proposed for a term of five years, effective March 16, 2026. The Board also approved the notice for a postal ballot to seek shareholder approval for these matters. The Board meeting commenced at 3:00 PM and concluded at 6:15 PM. The company also noted that Ghana is no longer considered a hyperinflationary economy as of December 31, 2025, and the Group has ceased applying hyperinflation accounting to its Ghana operations from October 1, 2025. Furthermore, Gravita India, through its subsidiary Gravita Netherlands BV, plans to acquire an additional equity stake in Gravita Europe S.R.L. in Romania, increasing its stake from 80% to 95% for a consideration of EUR 685,000.
