Disclosure under Regulation 7(2) read with Regulation 6(2) - Continual Disclosure of SEBI (Prohibition of Insider Trading) Regulations, 2015
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Ms. Shraddha Varun Thakkar, an immediate relative of the promoter, sold 97,684 equity shares of Gravity (India) Limited on 30th April 2025 through a market sale. This represents 1.0851% of the company's total share capital, for a total consideration of Rs. 4,63,959.55. The disclosure was made under SEBI's Prohibition of Insider Trading Regulations. Post-sale, her holding in the company stands reduced to zero.
A near-complete exit by an immediate relative of the promoter can be viewed negatively by retail investors, as it may raise concerns about insider confidence. However, the sale size is small in absolute terms and was executed on the open market.