Outcome of Postal Ballot, Voting Result of Postal Ballot along with Scrutinizers'' Report.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gravity (India) Limited conducted a postal ballot via remote e-voting from December 11, 2025 to January 9, 2026 to seek shareholders' approval on two resolutions. Both resolutions were passed with overwhelming majority: out of 25,46,419 votes polled (28.29% of outstanding shares), 25,44,912 votes (99.94%) were in favor and only 1,507 votes (0.05%) were against. Resolution 1 (Ordinary) approves increasing the Authorised Share Capital from Rs. 15 crore (1.5 crore equity shares of Rs. 10 each) to Rs. 100 crore (10 crore equity shares of Rs. 10 each). Resolution 2 (Special) approves adding new business objects to the Memorandum of Association covering infrastructure development, bullion and precious metals trading, and agricultural commodities.
Shareholders have cleared the path for a major 6.7x expansion in authorised share capital, giving the company room to raise fresh equity or issue bonus shares in future. The addition of new objects in infrastructure, bullion, and agri-business signals a significant diversification push away from current operations, which could change the company's business profile and growth trajectory.