Gravita India tightens grip on RMIL with 99.44% stake as lead recycling consolidates

INDIA – Gravita India has acquired an additional 20,400 shares (0.49 percent) in its subsidiary Rashtriya Metal Industries Limited, increasing its total shareholding from 98.95 percent to 99.44 percent, bringing the parent company’s ownership stake to near-complete control of the lead recycling operations.

The acquisition was disclosed through a regulatory filing on April 16, 2026, submitted to both BSE and NSE under SEBI regulations.

This follows an earlier disclosure made on March 12, 2026, indicating ongoing efforts to increase its stake in the subsidiary. Only 0.56 percent of RMIL shares now remain with other shareholders.

Why This Matters for Recycling

RMIL is a key component of Gravita India’s lead recycling value chain.

The subsidiary processes scrap lead from batteries and other sources, recovering refined lead for use in new batteries, radiation shielding, and other industrial applications.

Lead is one of the most recycled materials globally, with a recycling rate exceeding 90 percent in many countries due to the economic value of recovered metal and the environmental hazards of improper disposal.

By consolidating ownership of RMIL, Gravita India streamlines decision-making, simplifies financial reporting, and captures more of the subsidiary’s profits within the parent company.

For a recycling business where margins can be thin, every percentage point of ownership matters.

Gravita’s Expanding Recycling Footprint

Gravita India is a leading recycling company specializing in lead, aluminium, and plastic waste processing.

The company operates multiple recycling facilities across India, Ghana, Senegal, Togo, and Tanzania. In recent months, Gravita’s African plants in Ghana, Togo, and Senegal secured ISCC PLUS and ISCC EU certifications, enabling them to supply certified recycled products to European markets.

The company supplies pyrolysis oil, recovered carbon black, rubber compound powder, and rubber compound sheets from its facilities.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The filing was signed by Nitin Gupta, Company Secretary, and submitted to both major stock exchanges where the company is listed.

The acquisition is part of Gravita’s broader strategy to consolidate ownership across its subsidiary network, reducing minority interests and simplifying the corporate structure.

When 99.44 Percent Is Not 100

Gravita now owns 99.44 percent of RMIL.

The remaining 0.56 percent is a rounding error in operational terms but a reminder that even the most determined consolidators leave traces.

For a lead recycler building a circular economy across three continents, every fraction of control helps, but absolute control remains just out of reach.

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