Gravity India Limited has scheduled a board meeting for September 1, 2026, to consider raising funds aggregating up to ₹90 crore through a Qualified Institutions Placement (QIP). The company also intends to alter its Memorandum of Association to enter the technology sector.

The proposed capital raise involves the issuance of equity shares or other eligible securities convertible into or exchangeable for equity shares. The board will evaluate the size, structure, pricing, and utilization of proceeds subject to requisite shareholder and regulatory approvals.

Strategic Shift to Technology

The company seeks approval to alter the Main Objects Clause of its Memorandum of Association. This change aims to enable Gravity India to undertake businesses relating to:

• Information Technology and related services
• Data centres, data storage, data processing, and cloud infrastructure
• Manufacturing and development of semiconductors and related components

This alteration requires approval via Special Resolution by the company’s members.

Other Agenda Items

In addition to the fundraising and strategic expansion proposals, the board will transact routine business items. These include:

• Approving the notice for the 39th Annual General Meeting for the year ended March 31, 2026
• Fixing the book closure and record date for the forthcoming AGM
• Appointing a scrutinizer for the annual meeting

The meeting is scheduled to be held at the company’s registered office in Bhiwandi, Maharashtra.

gravity reported a net profit of ₹600.66 lakh for the fourth quarter ended June 30, 2026, a substantial increase from ₹6.60 lakh in the same period of the previous fiscal year. The company’s revenue from operations surged to ₹6,000.08 lakh, compared to ₹30.87 lakh in Q4FY25, driven primarily by higher purchases of stock-in-trade. This performance underscores a significant operational expansion for the Bhiwandi-based entity, which has seen its reserves grow to ₹1,191.72 lakh from ₹(693.97) lakh a year ago.

The Board of Directors approved the unaudited standalone financial results at a meeting held on August 10, 2026, at the company’s registered office in Bhiwandi. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, A V K A S & Co., Chartered Accountants. The filing was made pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total revenue from operations stood at ₹6,009.60 lakh for the quarter, including other income of ₹9.52 lakh. Total expenses amounted to ₹5,204.41 lakh, with purchases of stock-in-trade constituting the largest component at ₹5,087.78 lakh. Employee benefit expenses were recorded at ₹3.88 lakh, while finance costs remained minimal at ₹0.03 lakh. Depreciation and amortization expenses totaled ₹4.05 lakh.

Profit before tax was ₹805.19 lakh. After accounting for current tax expenses of ₹202.64 lakh and deferred tax liabilities of ₹1.89 lakh, the net profit after tax reached ₹600.66 lakh. Earnings per share (basic and diluted) were ₹6.67, compared to ₹0.07 in the corresponding quarter of FY25.

What the Numbers Show

The most striking aspect of Gravity (India)’s results is the magnitude of growth in both revenue and profitability. The transition from a net profit of ₹6.60 lakh to ₹600.66 lakh represents a near 9,000% year-on-year increase. Similarly, revenue from operations expanded from ₹30.87 lakh to ₹6,000.08 lakh. This dramatic shift suggests a major scaling up of operations or a one-time significant transaction during the quarter, as evidenced by the ₹5,087.78 lakh spent on stock-in-trade purchases compared to nil in the previous year. The company’s reserves also turned positive, rising to ₹1,191.72 lakh from a deficit of ₹(693.97) lakh a year earlier, indicating improved financial health.

Regulatory Disclosures

The company confirmed that it is exempt from certain corporate governance provisions under Regulation 15(2) of the SEBI LODR Regulations, 2015, as its paid-up equity share capital does not exceed ₹10 crore and its net worth does not exceed ₹25 crore. Consequently, disclosures related to related party transactions on a consolidated basis under Regulation 23(9) are not applicable. The statutory auditors, A V K A S & Co., issued a limited review report stating that nothing came to their attention to suggest that the financial statements contained any material misstatement. The results were prepared in accordance with Ind AS 34 – Interim Financial Reporting.