Intimation of In-principal approval received from BSE Limited for Right Issue of Equity Shares
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Gravity (India) Limited has received in-principle approval from BSE Limited for a proposed Rights Issue of fully paid-up equity shares. The approval was granted on March 16, 2026, and the intimation to the exchange was made on March 17, 2026, under Regulation 30 of SEBI Listing Regulations. The company had originally applied for the same on February 25, 2026. The approval is conditional and the company must still fix a record date, comply with all statutory and listing formalities, and complete post-issue requirements before finalising the offer. No details on issue size, price, ratio, or purpose of fund raise have been disclosed in this filing.
This is a procedural milestone and not the actual launch of the rights issue. Existing shareholders may get an opportunity to subscribe to additional shares, but details on issue size, pricing, and dilution impact are not yet available. Watch for the record date announcement and the letter of offer for further clarity.