Gravity (India) Limited failed to secure the minimum subscription for its proposed rights issue, triggering a full refund for applicants and the cancellation of the allotment process. The company aimed to raise ₹69,01,49,500 by issuing 6,90,14,950 equity shares at a price of ₹10 per share. The rights issue opened on April 27, 2026, and closed on May 25, 2026, offering eligible shareholders 23 rights shares for every 3 shares held on the record date.

The Rights Issue Committee of Gravity (India) Limited met on May 25, 2026, to review the subscription status. The company confirmed that it did not achieve the minimum subscription of 90% of the issue size as mandated by Regulation 86(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. As a result, the company cannot proceed with the allotment of equity shares.

Refund Process Initiated

Following the failure to meet the regulatory threshold, Gravity (India) Limited has instructed its registrar, MUFG Intime India Private Limited, to process refunds. The company will coordinate with respective banks to unblock funds lying in the ASBA accounts of applicants who subscribed to the issue.

Rights Issue Details

The board meeting regarding this outcome commenced at 05:00 P.M. and concluded at 05:30 P.M. on May 25, 2026.

Gravity (India) Limited has filed copies of its newspaper advertisement of audited financial results for the quarter and year ended March 31, 2026, with the Bombay Stock Exchange Limited. The submission was made pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated via a letter dated May 13, 2026, signed by Geetanjali Malik, Company Secretary & Compliance Officer.

Regulatory Submission Details

The newspaper advertisement of the audited financial results was published in two publications on May 13, 2026, as detailed below:

The company confirmed that the aforesaid information is also available on its website. The submission was addressed to the Department of Corporate Services, Bombay Stock Exchange Limited, 25th Floor, P. J. Towers, Dalal Street, Mumbai-400001.

Financial Results: Key Highlights

The extract of the standalone audited financial results covers the quarter and year ended March 31, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 11, 2026. The financial results pertain to the following reporting periods:

Notes to Financial Results

The company has disclosed the following key notes accompanying the financial results:

• The Company has no reportable business segment; hence, separate segment-wise disclosure under Ind AS 108 – Segment Reporting is not required.
• The financial results for the quarters ended March 31, 2026 and March 31, 2025 represent the difference between the audited figures for the full financial year and the audited figures up to the third quarter of the respective financial years.
• The financial results are extracted from the audited financial statements prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder, and considering the going concern assumption.
• Figures have been re-grouped, re-arranged, re-classified, or re-worked wherever necessary to make them comparable.

Company Details

The submission was made by Gravity (India) Limited, with its registered office at Shree Rajlaxmi Commodity Complex, Building No. 'M', Gala No. 104, 1st Floor, Thane Bhawan Road, Village Kalher, Bhivandi – 421302, India. The company's CIN is L17100MH1087PLC042889, and it can be reached via telephone at +91 703531332 or email at acbillinghrh@gmail.com . The full financial results are also available on the company's website at www.gravityindialtd.com .