Price
▲ 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 submitted its 38th Annual Report for the financial year ended 31st March 2025 to the BSE. Key financials show turnover fell sharply to Rs. 122.30 lakhs from Rs. 225.45 lakhs in FY24, while the company reported a net loss after tax of Rs. 200.58 lakhs (vs. a loss of Rs. 616.34 lakhs in FY24). No dividend has been recommended. The 38th AGM is scheduled for 30th September 2025 via video conferencing, with e-voting open from 27th to 29th September 2025. Shareholders will vote on routine items (financials adoption, director re-appointment, appointment of new statutory and secretarial auditors for 5-year terms) and a significant special business: changing the company's Object Clause to allow diversification from its existing Fabrics and Garments business into IT services, software development, web/mobile applications, electronic products trading, and consulting. Several new director appointments (including Manoj Ramavat as Managing Director and others as Independent/Non-Executive Directors) are also up for regularization.
Investors should note the continued losses, declining revenues, and absence of dividends signal ongoing business stress in the core textiles segment. More importantly, the proposed change in Object Clause indicates a strategic pivot toward IT services and technology businesses, which if approved could reshape the company's future direction but also introduces execution risk as management moves into entirely new verticals.