Outcome of Board Meeting pursuant to Regulation 30 of SEBI (Listing of Obligations and Disclosure Requirements) Regulations, 2015.
GRAVISSHO · price
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The Board of Directors of Graviss Hospitality Ltd, at its meeting held on January 27, 2026, noted that Mr. Ravi Ghai's total (indirect) shareholding in the company has reduced to approximately 6.6% of the capital. As a consequence, the Board decided to reclassify Mr. Ravi Ghai from 'Promoter' to 'Promoter group' and will inform SEBI accordingly. Additionally, Mr. Ravi Ghai will no longer serve as the Non-Executive Chairman of the company, and no replacement Non-Executive Chairman has been appointed. The board meeting commenced at 11:45 A.M. and concluded at 12:06 P.M.
This signals a significant reduction in the founder/promoter family's stake, leading to a formal change in promoter classification. Shareholders may view this negatively in the short term due to leadership uncertainty, but it does not affect the company's day-to-day operations. The absence of a replacement Chairman could raise governance concerns.