Gravita India Ltd

Gravita India Completes Dissolution of Non-Operating South African Subsidiary 🇿🇦

- Voluntary dissolution of Recyclers South Africa (PTY) Ltd. has been completed.

- The subsidiary had no business activity and contributed ₹1.03 lakh (0.00%) to net worth and nil to total income in the last financial year.

- No consideration was received from the dissolution, as it was not a sale to a third party.

- The dissolution is not a related party transaction and has no material financial impact on Gravita India Limited.