Gravity India Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2025 ,inter alia, to consider and approve 1. Appointment of Mr. Manoj ....
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Gravity India has called a board meeting on 27 May 2025 to approve several leadership changes. The company plans to appoint Mr. Manoj Kanhiyalal Ramavat as Additional Director and designate him as Managing Director and CEO. Two new directors are also being brought on: Ms. Ambika Jindal as Non-Executive Non-Independent Director and Mr. Tushar Rai Sharma as Non-Executive Independent Director. Additionally, the current Managing Director, Mr. Varun Rasiklal Thakkar, will be redesignated as Non-Executive Non-Independent Director and Chairman of the Company. This marks a significant reshuffle at the top management level.
The appointment of a new MD & CEO signals a fresh leadership phase for the company, while the outgoing MD moving to a non-executive Chairman role provides continuity at the board level. Shareholders should watch for the outcome of the board meeting and any strategic direction the new CEO outlines, as leadership transitions can influence company performance and stock sentiment.