Outcome of Postal Ballot, Voting Result of Postal Ballot along with Scrutinizers'' Report.
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Gravity (India) Limited conducted a postal ballot via remote e-voting from December 11, 2025 to January 9, 2026, where shareholders approved two resolutions with overwhelming support. Total votes polled were 25,46,419 (28.29% of outstanding shares), with 99.94% voting in favour and just 0.05% against. Resolution 1 (Ordinary) approves increasing the company's 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) — nearly a 6.7x jump. Resolution 2 (Special) allows the company to add three new business objects to its Memorandum of Association: infrastructure development (roads, ports, airports, power plants, etc.), bullion and precious metals/jewellery trading, and agricultural commodities trading and processing. The result was declared on January 9, 2026 by the Company Secretary.
This is a significant strategic and capital-structure move — shareholders have green-lit a massive expansion in authorised capital (which could enable future fundraising or dilution) and a sharp diversification into infrastructure, bullion, and agri-business. Retail investors should monitor upcoming announcements closely, as new capital raises or business forays into these new sectors could follow.