Gravity (India) Limited has notified the Bombay Stock Exchange of its exemption from filing the Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The company is utilizing provisions under SEBI regulations that exempt smaller listed entities from certain compliance requirements.

Regulatory Exemption Details

The company is claiming exemption under Regulation 15(2) of Chapter IV of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This exemption applies to companies whose paid-up equity share capital does not exceed ₹10 crore and net worth remains below ₹25 crore as on the last day of the financial year.

Financial Position

The company's current financial metrics that qualify it for the exemption are:

The company noted that audited figures for the year ended March 31, 2026, are still awaited, preventing the disclosure of the exact net worth figure for FY26.

Compliance Implications

Due to this exemption, Gravity (India) Limited is not required to submit the Secretarial Compliance Report under Regulation 24A of SEBI regulations. Consequently, the company is also exempt from submitting a Corporate Governance Report for the year ended March 31, 2026.

Future Compliance Commitment

The company has provided an undertaking to the exchange that it will comply with all applicable regulatory requirements within six months from the date these provisions become applicable, should its financial parameters exceed the exemption thresholds in future periods.

Company Information

Gravity (India) Limited operates with its registered office located at Paresh Complex, Building No. C, Gala No. 227A, Near Guru Kripa Hotel, Reti Bunder Road, Kalher Village, Bhiwandi, Thane, Maharashtra. The notification was signed by Managing Director Mukesh Mahendrabhai Parmar on April 15, 2026.

Gravity (India) Limited has formally confirmed to the Bombay Stock Exchange that it does not qualify as a Large Corporate entity under the applicable SEBI framework as on March 31, 2026. The disclosure was submitted in compliance with specific SEBI circulars governing fund raising requirements for large corporates through debt securities.

Regulatory Compliance Disclosure

The company submitted its initial disclosure pursuant to SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated as on April 13, 2022) and SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars specifically address fund raising by issuance of debt securities by large corporate entities and establish the framework for identifying such entities.

Key Financial Position

The disclosure reveals Gravity (India) Limited's current financial standing regarding borrowings and credit ratings:

SEBI Framework Requirements

Under the SEBI framework, entities identified as Large Corporates are subject to specific mandatory borrowing requirements through debt securities. The regulations include provisions for penalties in case of shortfall in mandatory borrowing. Specifically, beginning from FY 2022, a fine of 0.20% of the shortfall is levied by Stock Exchanges at the end of the two-year block period for any shortfall in mandatory borrowing through debt securities.

Company Confirmation

Managing Director Mukesh Mahendrabhai Parmar digitally signed the disclosure on April 15, 2026, formally confirming that Gravity (India) Limited falls outside the purview of Large Corporate criteria as defined in the applicable SEBI circulars. The company has requested the stock exchange to take this confirmation on record for regulatory compliance purposes.

This disclosure ensures transparency regarding the company's regulatory status and confirms its compliance with SEBI's disclosure requirements for entities that may potentially fall under the Large Corporate framework.