Gravity (India) Limited has announced a significant leadership change with the resignation of Managing Director Manoj Kanhiyalal Ramavat, effective January 08, 2026. The company formally communicated this development to the Bombay Stock Exchange in compliance with regulatory requirements under SEBI (LODR) Regulations, 2015.

Resignation Details

The resignation encompasses both Ramavat's role as Managing Director and his position as Director of the company. According to the official communication, the departure is attributed to other professional commitments that require his attention.

Regulatory Compliance

Gravity (India) Limited has fulfilled its disclosure obligations by submitting the required documentation to the stock exchange. The company provided comprehensive details as mandated under Regulation 30 of the Listing Regulations, including the resignation letter and confirmation that no material reasons exist beyond those stated.

Company Secretary and Compliance Officer Geetanjali Malik signed the official communication, ensuring proper adherence to SEBI Master Circular guidelines dated November 11, 2024. The resignation letter, dated January 08, 2026, specifically mentions "pre-occupation" as the primary factor behind Ramavat's decision.

Official Confirmation

In his resignation letter addressed to the Board of Directors, Ramavat expressed gratitude for the trust and cooperation extended during his tenure. He specifically confirmed that no other material reasons exist for his resignation apart from those stated, providing transparency in the leadership transition process.

The company has requested the stock exchange to acknowledge this change and treat it as compliance with applicable SEBI LODR Regulations provisions. This resignation marks a notable change in the company's senior management structure as it moves forward with its business operations.

Gravity (India) Limited has officially notified the Bombay Stock Exchange regarding the resignation of its statutory auditors M/s DDM & Associates, Chartered Accountants, effective November 14, 2025. The announcement was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Auditor Resignation Details

The auditing firm DDM & Associates, with Firm Registration Number 133446W, submitted their resignation letter on November 14, 2025, informing the company of their inability to continue as statutory auditors. The primary reason cited for the resignation was pre-occupation with other assignments, preventing them from fulfilling their audit responsibilities for the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations by providing comprehensive details as required under SEBI regulations. The notification was made pursuant to Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Gravity (India) has attached the complete resignation letter along with Annexure A received from the auditing firm to ensure transparency in the disclosure process. The company has requested the stock exchange to take this information on record as part of its ongoing compliance with listing requirements.

Impact on Operations

The resignation represents a change in the company's audit arrangements, requiring the appointment of new statutory auditors to fulfill regulatory and compliance requirements. The company will need to initiate the process of selecting and appointing replacement auditors to ensure continuity in its audit functions and maintain compliance with statutory obligations.