Outcome of the Board Meeting held on 08th December, 2025, under regulation 30 of SEBI (Listing Obligation & Disclosure Requirement) Regulations 2015.
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Gravity India Ltd's board, which met on 8 December 2025, approved a major increase in authorised share capital from Rs. 15 crore to Rs. 100 crore (a nearly 6.7x jump), along with adding new business objects to its MOA covering infrastructure projects, bullion and jewellery trading, and agro-commodities. Shareholder approval will be sought via a postal ballot through e-voting. The board also accepted the resignation of CS Krina Shah as Secretarial Auditor due to pre-occupation and appointed M/s. Arvind Sudra & Associates as the new Secretarial Auditor to fill the casual vacancy for FY 2025-26. The company has signaled a clear diversification push beyond its current line of business. The change of auditors was routine, triggered by the outgoing auditor's other commitments, with no concerns flagged by the Audit Committee.
The sharp expansion of authorised capital (from Rs. 15 crore to Rs. 100 crore) and addition of new business objects suggest the company is preparing to raise funds and diversify into infrastructure, bullion, and agri-business, which could be positive for future growth but dilutive if equity is issued. Shareholders should watch for the postal ballot outcome and any future fund-raising announcements tied to this enlarged capital base.