Gravity India Ltd to Raise ₹90 Cr via QIP; Alters MOA

Gravity India Ltd announced its Board of Directors has approved a Qualified Institutions Placement (QIP) to raise up to ₹90 Crore. The funds will be used for working capital and general corporate purposes, with a cap of 25% for the latter. The company also approved alterations to its Memorandum of Association to include IT, data centers, and semiconductor businesses. The 39th Annual General Meeting is scheduled for September 25, 2026, with book closure from September 19-25 and record date on September 18, 2026. An appointment of a scrutinizer for the AGM was also approved.