Gravity (India) Limited Board Approves Rs. 70 Crore Rights Issue

Gravity (India) Limited announced that its board of directors has approved a comprehensive rights issue plan to raise capital up to Rs. 70 crores during a board meeting held on February 25, 2026. The meeting, which commenced at 10:45 AM and concluded at 11:15 AM at the company's registered office, addressed several key business items related to the fundraising initiative. Rights Issue Details The board approved the issuance and allotment of equity shares with a face value of Rs. 10.00 each for an aggregate amount not exceeding Rs. 70,00,00,000. The rights issue will be offered to eligible equity shareholders of the company as on the record date, which will be notified subsequently. Parameter: Details Security Type: Equity Shares Face Value: Rs. 10.00 per share Issue Size: Up to Rs. 70.00 Crores Issue Type: Rights Issue Target Shareholders: Existing equity shareholders The rights issue is subject to receipt of applicable regulatory and statutory approvals in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013. Committee Formation and Documentation The board constituted a dedicated Rights Issue Committee to oversee the entire process. The committee comprises three members: Mr. Mukesh Mahendrabhai Parmar as Chairman, Mr. Kuldipsinh Rathod as Member, and Ms. Komal Hardikkumar Patel as Member. Key responsibilities assigned to the committee include: Appointment of various intermediaries for the rights issue process Authority to execute all necessary acts, deeds, and matters deemed necessary for the rights issue Oversight of the complete rights issue implementation The board also approved the Draft Letter of Offer and other relevant documents related to the rights issue, which will be filed with BSE Limited. The committee has been authorized to handle all aspects of intermediary appointments and execute decisions in connection with the rights issue process. Regulatory Compliance The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed disclosures as required under Regulation 29 read with Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The rights issue will follow all applicable provisions of securities regulations and company law, ensuring full regulatory compliance throughout the process. The specific price and right entitlement ratio will be determined by the Board of Directors or the Rights Issue Committee at a later stage. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.