AGM/EGM1 Sept 2026, 01:16 pm
Gravity India Ltd to raise ₹90 Cr via QIP at 39th AGM
AI Summary
Gravity India Ltd announced its 39th Annual Report for FY 2025-26, detailing the company's performance and future plans. A key agenda item for the upcoming Annual General Meeting (AGM) is the proposed fundraising of up to ₹90 crore through a Qualified Institutions Placement (QIP). The company also plans to regularize the appointments of Mukesh Parmar as MD & CEO, Kuldipsinh Rathod as Executive Director & CFO, and Ankit Goel as Non-Executive Independent Director. Additionally, the appointment of M/s AVKAS & Co. as Statutory Auditors for five years and CS Arvind Sudra as Secretarial Auditor for five years will be considered.
Key Highlights
- Gravity India Ltd plans to raise ₹90 crore via Qualified Institutions Placement (QIP).
- AGM to consider adoption of audited financial statements for FY 2025-26.
- Proposed regularization of key management appointments including MD & CEO.
- Appointment of Statutory and Secretarial Auditors for a five-year term.
- AGM scheduled for September 25, 2026, via Video Conferencing.
Price Impact
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