Gravity (India) Limited , a company listed on the Bombay Stock Exchange, has announced several significant decisions following its board meeting held on September 4, 2025. The company has approved the sale of a key property, scheduled its Annual General Meeting (AGM), and proposed changes to its business focus.

Property Sale Approval

The board has approved the sale of the company's property comprising land and factory building located at Survey No.10/1, Village Khutali, Khanvel, Dudhani Road, Silvassa, Union Territory of Dadra & Nagar Haveli. This decision is subject to shareholder approval at the upcoming AGM.

38th Annual General Meeting

Gravity has scheduled its 38th Annual General Meeting for September 30, 2025. The meeting will be conducted via video conference, in line with ongoing corporate governance practices.

Key Appointments and Regularizations

The board has made several important decisions regarding company leadership:

• Appointment of CA Kamlesh Dave, DDM & Associates as statutory auditor for five years (2025-26 to 2029-30)
• Regularization of appointments for four directors, including:
  • Manoj Kanhiyalal Ramavat as Managing Director
  • Ambika Jindal as Non-Executive Independent Director
  • Tushar Rai Sharma as Non-Executive Non-Independent Director
  • Komal Hardikkumar Patel as Independent Director

Business Expansion Plans

In a significant move, the company is seeking to expand its business activities. The board has approved changes to the company's object clause in its Memorandum of Association, subject to shareholder approval. The proposed changes include:

1. Entering the IT services and software development sector
2. Expanding into electronic devices trading
3. Providing support and consulting services in IT-enabled fields

This marks a potential shift from the company's traditional focus on fabrics and garments.

Other Key Decisions

• Approval of related party transactions and material related party transactions, subject to shareholder approval
• Re-appointment of Mr. Varun Rasiklal Thakkar, who retires by rotation

Financial Implications

While specific financial details were not provided, these decisions, particularly the property sale and business expansion plans, are likely to have significant implications for the company's future financial position and strategic direction.

The 38th AGM, scheduled for September 30, 2025, will be a crucial event where shareholders will vote on these important matters. Investors and stakeholders will be keenly watching the outcomes of this meeting, as it could mark a new chapter in Gravity's business journey.

Shareholders and potential investors are advised to closely monitor further announcements from the company regarding these developments.

Gravity , a company listed on the BSE under scrip code 532015, witnessed significant share sales by two of its promoters on August 21, 2025. The transactions, conducted through open market sales, resulted in a combined reduction of 1.37% stake in the company.

Details of the Share Sales

Daksha Rasiklal Thakkar, one of the promoters, sold 119,805 equity shares, representing 1.33% of the company's total capital. Following this transaction, Daksha Rasiklal Thakkar's holding in the company has been reduced to zero.

Varun Rasiklal Thakkar, another promoter, sold 3,512 equity shares, accounting for 0.04% of the total capital. After the sale, Varun Rasiklal Thakkar retains 539,459 shares, equivalent to a 5.99% stake in the company.

Impact on Shareholding

The transactions have led to changes in the promoter shareholding structure of Gravity. Here's a breakdown of the changes:

Company Overview

Gravity has a total equity share capital of Rs. 9,00,19,500, comprising 90,01,950 equity shares with a face value of Rs. 10 each. The company's shares are listed on the BSE Limited.

Regulatory Compliance

In compliance with SEBI regulations, the promoters have made the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. These disclosures were promptly communicated to the BSE Limited and the Board of Directors of Gravity.

Previous Transaction

It's worth noting that this sale follows a previous transaction by Varun Rasiklal Thakkar on August 20, 2025, where he sold 163,477 equity shares, representing 1.82% of the company's total capital. This earlier sale reduced his holding from 7.85% to 6.03%.