Gravity (India) Limited has successfully concluded its postal ballot voting process on January 09, 2026, with shareholders providing overwhelming approval for significant corporate restructuring initiatives. The company conducted the voting through remote e-voting facilities provided by National Securities Depository Limited (NSDL), with the process supervised by scrutinizer Arvind Sudra of Arvind Sudra & Associates.

Authorized Share Capital Enhancement

Shareholders approved a substantial increase in the company's authorized share capital through an ordinary resolution. The enhancement represents a significant expansion of the company's capital structure to support future growth initiatives.

The resolution received strong support with 99.94% of votes cast in favor, demonstrating shareholder confidence in the company's expansion strategy.

Business Diversification Through Object Clause Amendment

The second resolution, passed as a special resolution, approved the alteration of the Main Objects Clause in the company's Memorandum of Association. This amendment adds three new business verticals to expand the company's operational scope:

• Infrastructure Development: The company can now engage in developing, constructing, and managing infrastructure projects including roads, highways, bridges, ports, airports, power plants, and renewable energy projects
• Precious Metals Trading: Authorization to trade in bullion, gold, silver, platinum, precious stones, jewelry, and related products, including manufacturing and retail operations
• Agricultural Commodities: Permission to trade in agricultural products, grains, cereals, spices, fertilizers, and engage in contract farming and food processing activities

Voting Results and Process Details

The postal ballot process demonstrated strong shareholder participation and support. The voting was conducted from December 11, 2025, to January 09, 2026, with votes unblocked at 5:19 PM on the final day.

Both resolutions received identical voting results, with 31 members voting in favor and 14 members voting against. No invalid votes were recorded during the process.

Corporate Governance and Compliance

The postal ballot was conducted in compliance with Section 108 of the Companies Act, 2013, and relevant SEBI regulations. The company dispatched notices electronically to shareholders whose email addresses were registered with depositories or the registrar. Newspaper advertisements were published in Business Standard (English) and Mumbai Lakshadeep (Marathi) on December 11, 2025.

The resolutions are deemed to have been passed on January 09, 2026, being the last date of e-voting, and will enable the company to pursue its expanded business objectives across multiple sectors.

Gravity (India) Limited has announced a key leadership appointment following its board meeting on January 09, 2025. The company's board of directors approved the appointment of Mr. Kuldipsinh Rathod as Additional Director (Executive) and Chief Financial Officer, marking a significant addition to the company's executive team.

Board Meeting Details

The board meeting was conducted on Friday, January 09, 2025, commencing at 3:15 PM and concluding at 3:35 PM. The appointment decision was made based on recommendations from the company's Nomination and Remuneration Committee, which also met on the same day.

Appointment Particulars

The key details of Mr. Rathod's appointment are outlined below:

Professional Background

Mr. Kuldipsinh Rathod brings substantial expertise in finance and accounting management to his new role. According to the company's disclosure, his experience is expected to be valuable in building financial models and implementing strategic plans that support the achievement of company objectives. The appointment aims to enhance operational and financial efficiency within the organization.

Regulatory Compliance

Gravity (India) Limited has confirmed that Mr. Rathod is not debarred from holding directorial positions by SEBI or any other regulatory authority. The company has also disclosed that the new appointee is not related to any existing director of the company, ensuring independence in the appointment process.

Corporate Governance

The appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all necessary disclosures as required under the regulatory framework, including detailed information about the appointee's background and the terms of appointment. The appointment is pending final approval from the company's shareholders as per regulatory requirements.