Outcome of the Meeting of the Rights Issue Committee of the Company held on 25th May, 2026. The Company has not achieved the minimum subscription of 90% of the issue size as required under ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.7 pts less than Nifty Microcap 250 and 5.0 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Gravity India Ltd's Rights Issue has failed to achieve the required 90% minimum subscription under SEBI ICDR Regulations. The company had offered 6,90,14,950 equity shares at Rs. 10 each to raise approximately Rs. 69 crore. The issue was open from April 27, 2026 to May 25, 2026 in a ratio of 23 rights shares for every 3 equity shares held. Since the minimum subscription threshold was not met, the company will not proceed with share allotment and will refund or unblock amounts for all applicants through their RTA MUFG Intime India Private Limited.
The failed rights issue means the company cannot raise the targeted Rs. 69 crore capital from this route, which could impact its growth plans or funding requirements. Existing shareholders did not take up their rights, signaling potential concerns about the company's prospects or valuation.