Board approves incorporation of a wholly owned subsidiary in the USA

Gravita India's Board approved incorporating a wholly owned subsidiary in the USA - Gravita Recyclers USA Inc. (or such other name as approved under US law).

Mon 5 Oct 2026

Initial Capital

USD 50,000

Ownership / Shareholding

100%

Subsidiary Name

Gravita Recyclers USA Inc.

Country of Incorporation

United States of America (USA)

Line of Business

trading of scrap and scrap materials

Board approval for a US step-down entity

The Board of Directors of Gravita India Ltd, at its meeting, considered and approved the incorporation of a wholly owned subsidiary in the United States of America. The disclosure was made as the outcome of the Board meeting.

What the new entity looks like

• Name: the company shall be incorporated in the name of Gravita Recyclers USA Inc., or such other name as may be approved as per laws of USA.
• Country of incorporation: United States of America (USA).
• Status: to be incorporated; the date of incorporation is shown as not applicable.
• Industry: Trading.
• Line of business: the proposed company will be engaged in the trading of scrap and scrap materials.
• Holding relationship: the company is being incorporated as a wholly owned subsidiary of Gravita India Limited.

The money involved

• Initial capital: USD 50,000.
• Nature of consideration: 100% subscription to the initial capital in cash. No share swap is involved.
• Shareholding and control by Gravita India Ltd: 100%.

The approval side

• The update states that no governmental or regulatory approvals are required for the incorporation.
• The Board meeting commenced at 01:00 P.M. and concluded at 03:00 P.M.

How to read this

The disclosure sets out the proposed structure and the initial capital commitment for a new overseas subsidiary in the trading of scrap and scrap materials. The subscription is in cash and the listed entity will hold the entire shareholding of the new entity. The entity is yet to be incorporated, so the incorporation itself is the next step as described in the update.

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