Declaration of Non-Applicability of Report on Corporate Governance Under Regulation 27(2) , As per The Exemption Given in Regulation 15(2) (A) of chapter IV of SEBI (LODR) Regulation, 2015 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gravity India Ltd has informed BSE that it is exempt from submitting the quarterly Corporate Governance Report for the quarter ended September 30, 2025, under SEBI LODR Regulation 15(2)(a). The exemption applies because the company's paid-up share capital of INR 9.00 crore is below the Rs. 10 crore threshold, and its net worth of INR 2.06 crore is below the Rs. 25 crore threshold (figures as on March 31, 2025). The certificate was signed by Practicing Company Secretary Krina Gokulkumar Shah. Notably, while paid-up capital has remained flat at INR 9.00 crore for the last three years, net worth has fallen sharply from INR 10.23 crore in FY23 to INR 4.07 crore in FY24 to just INR 2.06 crore in FY25, an 80% drop over two years.
This is a routine compliance filing and is not expected to move the stock price on its own. However, the steep erosion in net worth over the past two years is a red flag worth monitoring, as it suggests weakening balance-sheet strength despite stable share capital.