Resignation of Managing Director
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Awaiting price reaction for this filing.
Gravity (India) Limited has informed the stock exchanges that Mr. Manoj Kanhiyalal Ramavat (DIN: 11039927) has resigned from the position of Managing Director and Director of the company, effective January 8, 2026. The resignation is cited as being due to other professional commitments (described as pre-occupation in his resignation letter). Mr. Ramavat has confirmed that there are no other material reasons for his departure beyond those stated. The company has disclosed the details as required under SEBI LODR regulations and annexed his resignation letter.
The Managing Director has stepped down, leaving a key leadership vacancy at the top of the company. Retail investors should watch for the announcement of a replacement, as prolonged absence of a permanent MD could affect strategic decision-making and governance stability, potentially weighing on sentiment.