Revision of outcome of board meeting to be held today i.e. Thursday , 04th September 2025
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Gravity (India) Limited has revised the outcome of its board meeting held on 04 September 2025, adding one new agenda item that was missed earlier. The key new disclosure is the board's approval to sell the company's property — a land and factory building at Survey No.10/1, Village Khutali, Khanvel, Silvassa in Dadra & Nagar Haveli — subject to shareholder approval at the upcoming AGM. Apart from this addition, the board also approved the Director's Report and Secretarial Audit Report for FY25, fixed the 38th AGM for 30 September 2025 via video conference, appointed M/s. DDM & Associates as statutory auditor and CS Krina Shah as secretarial auditor for a five-year term, and approved related party transactions for FY26. Several director appointments were regularised, including Manoj Ramavat as Managing Director, along with three additional directors and the re-appointment of a retiring director. The company also approved a change in its object clause to include IT, software development, web services and electronic/computer trading businesses, signalling a potential shift in business focus.
The property sale could bring in a cash inflow for the small-cap company, while the change in object clause indicates a possible pivot into the IT/tech services space. Shareholders should watch the 38th AGM on 30 September for shareholder votes on the property sale and related party transactions, and for any clarity on the new business direction.