Please find attached herewith Notice of Postal Ballot dated December 09, 2025 along with Explanatory Statement seeking approval of members by way of E-Voting for 1) Increase in Authorized ....
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▲ 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 has issued a Postal Ballot Notice dated December 09, 2025 seeking shareholder approval via remote e-voting (December 11, 2025 to January 09, 2026). The first resolution proposes 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), a nearly 6.7x jump, requiring an alteration to Clause V of the Memorandum of Association. The second resolution seeks approval to expand the company's main objects clause to include new business areas such as infrastructure development (roads, ports, airports, power plants), bullion and precious metals trading, and agricultural/dairy/food products. The cut-off date for eligibility is December 05, 2025, and results will be announced by January 10, 2026.
This is a pre-emptive corporate housekeeping step. The massive hike in authorised capital (from Rs. 15 Cr to Rs. 100 Cr) signals that the company is preparing for potential fundraising or stock splits, which could lead to dilution for existing shareholders in the future. The diversification into infrastructure, bullion, and agri-business suggests a major strategic pivot from current operations, which carries execution risk but could open new growth avenues.