GRP Limited Invests ₹5 Crore in Wholly Owned Subsidiary GCSL

GRP Limited announced an investment of ₹5 crore in its wholly-owned subsidiary, GRP Circular Solutions Limited (GCSL). The company subscribed to and was allotted 50,00,000 equity shares of face value ...

GRP Limited announced an investment of ₹5 crore in its wholly-owned subsidiary, GRP Circular Solutions Limited (GCSL). The company subscribed to and was allotted 50,00,000 equity shares of face value ₹10 each, fully paid up, on a rights issue basis. This investment ensures GCSL continues to be wholly owned by GRP Limited, with no change in the percentage of shareholding. GCSL is engaged in the manufacturing of recycled polypropylene and compounded polypropylene. The turnover for GCSL in the year ended March 31, 2025, was ₹19.75 crore, with ₹0.77 crore in FY24 and ₹0.06 crore in FY23. The investment aims to meet GCSL's funding requirements, strengthen its financial position, and empower future growth within the plastics recycling ecosystem. The transaction is classified as a related party transaction but is conducted on an arm's length basis, with no promoter or promoter group companies having an interest beyond their existing shareholding. The shares were allotted on December 18, 2025, marking the completion of this cash consideration.

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Why is GRP Limited in the news today?

GRP Limited (GRPLTD) is in the news due to the investment is a routine funding activity within a wholly-owned subsidiary to support its growth, with no immediate significant positive or negative impact on the parent company's financials or operations that would warrant a 'positive' or 'negative' sentiment.

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GRP Limited Invests ₹5 Crore in Wholly Owned Subsidiary GCSL

December 18, 2025, 11:00 AM

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GRP Limited announced an investment of ₹5 crore in its wholly-owned subsidiary, GRP Circular Solutions Limited (GCSL). The company subscribed to and was allotted 50,00,000 equity shares of face value ₹10 each, fully paid up, on a rights issue basis.

This investment ensures GCSL continues to be wholly owned by GRP Limited, with no change in the percentage of shareholding. GCSL is engaged in the manufacturing of recycled polypropylene and compounded polypropylene. The turnover for GCSL in the year ended March 31, 2025, was ₹19.75 crore, with ₹0.77 crore in FY24 and ₹0.06 crore in FY23.

The investment aims to meet GCSL's funding requirements, strengthen its financial position, and empower future growth within the plastics recycling ecosystem. The transaction is classified as a related party transaction but is conducted on an arm's length basis, with no promoter or promoter group companies having an interest beyond their existing shareholding.

The shares were allotted on December 18, 2025, marking the completion of this cash consideration.

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