Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Gravity (India) Limited held a meeting on January 8, 2026, and approved several key changes. M/s. DDM & Associates resigned as Statutory Auditors, and M/s. AVKAS & Co. (FRN: 155352W) has been appointed to fill the casual vacancy, and additionally for a 5-year term covering FY 2025-26 to 2029-30, subject to shareholder approval. Managing Director Mr. Manoj Kanhiyalal Ramavat resigned citing other professional commitments, effective the same date. To fill the resulting vacancy, Mr. Mukesh Mahendrabhai Parmar (DIN: 11473295) has been appointed as the new Managing Director. All appointments are pending shareholder approval at the upcoming Annual General Meeting.
For shareholders, this is a routine governance update – a change of auditors (a common replacement) and a leadership transition at the Managing Director level. The new MD Mukesh Parmar comes from an agriculture and infrastructure background. The market impact is likely neutral unless further details on the outgoing MD's departure emerge.