Gravita India’s step-down subsidiary, Gravita Netherlands B.V., has decided to voluntarily close Recyclers South Africa (PTY) Ltd., a subsidiary in which it holds 100% shareholding. The closure process will adhere to applicable laws. Recyclers South Africa had no active business, so the closure will not materially impact Gravita India’s financials. The announcement was made on November 15, 2025.
Subsidiary Closure
Gravita Netherlands B.V., a step-down subsidiary of Gravita India, will voluntarily close Recyclers South Africa (PTY) Ltd. Gravita Netherlands B.V. holds 100% shareholding in this entity.
Reason for Closure
Recyclers South Africa (PTY) Ltd. has not been engaged in any active business operations. Therefore, its closure will not have a significant financial impact on Gravita India’s books. The closure process will be conducted in compliance with all applicable laws and regulations.
Financial Impact
On a standalone basis, the contribution of Recyclers South Africa is NIL on total turnover. Its net worth contribution is Rs. 3.05 Lakhs (0.00%).
Source: BSE