Outcome of Board Meeting held on February 25, 2026.
Price
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Awaiting price reaction for this filing.
The Board of Directors of Gravity (India) Limited, at its meeting held on February 25, 2026, approved raising funds of up to Rs. 70 Crores through a Rights Issue of equity shares with a face value of Rs. 10 each. The shares will be offered to existing eligible equity shareholders on a rights basis, with the record date to be notified later. The Board also approved the Draft Letter of Offer for filing with BSE and constituted a Rights Issue Committee chaired by Managing Director Mukesh Mahendrabhai Parmar, with Kuldipsinh Rathod and Komal Hardikkumar Patel as members. The committee has been authorized to appoint intermediaries and take all necessary steps for the issue.
Existing shareholders will get a proportionate opportunity to subscribe to additional shares, but those who do not participate may see their stake diluted. The final issue price and entitlement ratio are yet to be decided, which will determine how the stock reacts.