20-Aug-2026      18:00

Gravita India’s committee approved a Rs 100 crore guarantee for subsidiary Rashtriya Metal Industries

Gravita India Limited announced that its Finance Committee approved providing a corporate guarantee on behalf of Rashtriya Metal Industries Limited, a material subsidiary, for credit facilities of up to Rs 600 crore, with a guarantee amount not exceeding Rs 100 crore. The guarantee is at arm’s length, and Mr. Rajat Agrawal, a promoter and chairman cum managing director of Gravita India Limited, and Ms. Karvi Agrawal, the managing director of Rashtriya Metal Industries Limited and Mr. Agrawal’s daughter, have interests in the transaction, along with other family members holding a negligible percentage of shares in the subsidiary.

News source: Capital Market - Live News