Gravity India Limited has officially confirmed April 8, 2026 as the record date for its Rs. 69.01 crore rights issue, following the Rights Issue Committee meeting held on April 1, 2026. The company has filed the necessary regulatory intimation with BSE Limited under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, formalizing the record date for determining eligible shareholders.

Rights Issue Structure and Terms

The Rights Issue Committee has finalized comprehensive terms for the equity share offering, establishing a detailed framework for shareholder participation:

Official Record Date Confirmation

The Board of Directors has officially fixed Wednesday, April 8, 2026 as the record date for determining equity shareholders entitled to receive Rights Entitlements. The company has made necessary arrangements with NSDL and CDSL for crediting rights entitlements in dematerialized form to eligible shareholders' demat accounts as per SEBI Master Circular SEBI/HO/CFD/PoD1/P/CIR/2024/0154 dated November 11, 2024.

Issue Timeline and Process

The committee has established a structured timeline ensuring adequate participation period for eligible shareholders:

Share Capital Impact and Regulatory Compliance

The rights issue will significantly expand the company's equity base upon successful completion. The current outstanding shares of 90,01,950 equity shares will increase to 7,80,16,900 equity shares upon full subscription of the 6,90,14,950 rights issue shares.

The entire Rs. 10.00 per share is payable on application with no premium component. The rights issue is being conducted in full compliance with the Companies Act 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018, and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Rights entitlements for eligible equity shareholders will be credited prior to the issue opening date in their respective demat accounts.

Gravity (India) Limited has secured a crucial regulatory milestone by obtaining in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares. The company announced this development through a regulatory filing dated March 17, 2026, marking a significant step forward in its capital raising initiative.

BSE Approval Details

The approval was granted through BSE's official communication dated March 16, 2026, with reference number LOD/RIGHT/HC/FIP/1893/2025-26. This follows the company's initial application submitted to the exchange on February 25, 2026.

Exchange Permissions and Conditions

BSE Limited has granted permission for the company to use the exchange's name in its Letter of Offer for the rights issue. However, this permission comes with specific conditions that must be strictly adhered to:

• Disclaimer Requirements: The company must include BSE's mandatory disclaimer clause in its Letter of Offer after SEBI's disclaimer clause
• Advertisement Compliance: All advertisements related to the rights issue mentioning BSE's name must carry the prescribed disclaimer
• Record Date Notice: A record date must be fixed with at least three working days advance notice to the exchange
• Price Disclosure: The rights issue price must be disclosed at least three working days prior to the record date

Regulatory Compliance Framework

The exchange has outlined comprehensive compliance requirements that Gravity India must fulfill before proceeding with the rights issue. These include completing all legal and statutory formalities, ensuring proper disclosure in offer documents, and taking full responsibility for any consequences arising from non-disclosure or misstatement of information.

Key Compliance Requirements:

• Confirmation of Letter of Offer posting completion
• Agreements with all depositories for dematerialization of securities
• Basis of Allotment approval from the Designated Stock Exchange
• Appointment of qualified Company Secretary as Compliance Officer
• Payment of all applicable exchange charges

Company Leadership

The regulatory filing was signed by Mukesh Mahendrabhai Parmar, Managing Director of Gravity (India) Limited, with DIN: 11473295. The digital signature was applied on March 17, 2026, confirming the company's formal acknowledgment of the BSE approval.

Exchange Disclaimer and Investor Advisory

BSE Limited has clearly stated that its permission should not be construed as clearance or approval of the Letter of Offer. The exchange explicitly disclaims any warranty regarding the correctness or completeness of the offer contents and does not take responsibility for the company's financial soundness or management decisions. Investors are advised to conduct independent inquiry and analysis before making any investment decisions.