Gravita India Ltd. has announced the voluntary dissolution of its wholly owned subsidiary, Gravita Ghana Limited, located in the Republic of Ghana. The company stated that the dissolution was completed on March 5, 2025, and emphasized that it will have no material financial impact as the subsidiary was non-operational.
According to the disclosure, Gravita Ghana Limited contributed only Rs. 12.02 lakh (0.004%) to the company’s total income and Rs. 56.43 lakh (0.12%) to its net worth in the last financial year. Since it was a voluntary dissolution and not a sale, no consideration was received.
The company assured investors that the closure does not affect its overall business operations and is in compliance with SEBI’s Listing Regulations.
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