Cancellation of the Meeting of the Right Issue Committee of the Company which was to be held today i.e. Monday, March 02, 2026.
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Gravity India Ltd informed the BSE that the meeting of its Rights Issue Committee, originally scheduled for March 2, 2026, has been cancelled. The meeting was meant to finalize key details of the Rights Issue, including the record date, issue price, and entitlement ratio, following the Board of Directors' approval on February 25, 2026. The cancellation is because the in-principle approval from the Stock Exchange for the Rights Issue is still awaited. The company stated it will reconvene the committee once the stock exchange approval is received.
This is a procedural delay and not a cancellation of the Rights Issue itself. Shareholders should expect the Rights Issue to proceed once regulatory clearance is obtained, but the timeline is now pushed back beyond March 2, 2026.