Gravity India AGM 2026: ₹90 Cr QIP, Tech Pivot

What the company is seeking shareholder approval for

Gravity (India) Limited has scheduled its 39th Annual General Meeting (AGM) for September 25, 2026, with a set of resolutions that could materially change its capital structure and stated business objectives. The company has asked shareholders to approve raising funds through a Qualified Institutional Placement (QIP) of up to ₹90 crore. Alongside the fund-raise proposal, the AGM agenda includes a special resolution to amend the Main Objects Clause of the Memorandum of Association (MOA). The proposed MOA change is aimed at enabling expansion into information technology services, data centres and cloud infrastructure, and semiconductor manufacturing and related components. The AGM is planned to be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM). These proposals were approved by the Board of Directors in its meeting held on September 1, 2026.

39th AGM schedule and meeting format

As per the company’s disclosures, the AGM is scheduled for Friday, September 25, 2026. The company has stated the meeting will be conducted via VC/OAVM, a format that typically requires shareholders to rely on remote participation and electronic voting mechanisms. Gravity (India) has also published AGM-related newspaper advertisements, including a pre-AGM advertisement and post-dispatch publication relating to AGM communication. The company also issued a formal notice for the 39th AGM, with associated corporate actions such as book closure and record date intimations. The filings highlighted that no operational updates or forward guidance were provided in the AGM-related notice set referenced in the update.

QIP proposal: size, purpose, and structure

A key resolution at the AGM is the proposed QIP of up to ₹90 crore, intended for working capital requirements and general corporate purposes. The company has indicated that the fund-raise could be executed in one or more tranches. The QIP route typically involves institutional investors, and shareholder approval is generally sought through a special resolution for such issuances. Gravity (India) has positioned the QIP within the AGM agenda as a funding proposal aligned with corporate requirements, rather than tying it to a specific project disclosed in the provided information. The proposal will be considered alongside other AGM business, including director and auditor items.

Proposed strategic shift: MOA amendment to add new businesses

Gravity (India) is also seeking shareholder approval to alter the Main Objects Clause of its MOA. The stated intent of the amendment is to expand the company’s permitted activities into high-growth technology-linked areas. The AGM notice agenda includes enabling the company to undertake businesses in information technology and related services, data centres and allied infrastructure (including data storage, data processing, and cloud infrastructure), and manufacturing and development of semiconductors and related components. This is described as a strategic business shift in the disclosed text. The proposal, if approved, expands what the company is permitted to do under its constitutional documents. The disclosures do not include operational plans, capex amounts, or timelines for entering these sectors.

Other AGM resolutions: directors, auditors, and regularisation

Beyond the QIP and MOA amendment, the AGM notice includes several governance and compliance-related resolutions. Shareholders will be asked to adopt the audited standalone financial statements for FY26. The agenda also includes the re-appointment of Ms. Dakshaben Rasiklal Thakkar, who retires by rotation. Auditor appointments are also proposed, including appointment of M/s AVKAS & Co. as Statutory Auditor and CS Arvind Sudra as Secretarial Auditor for five years, from FY27 to FY31. The AGM also includes regularisation of appointments of Mukesh Parmar as Managing Director and CEO, Kuldipsinh Rathod as Executive Director and CFO, and Ankit Goel as Non-Executive Independent Director. These items indicate the company is aligning its statutory appointments and leadership structure with the planned resolutions.

Remote e-voting corrigendum: dates and the correction made

Gravity (India) issued a corrigendum on September 21, 2026, to correct a typographical error related to the remote e-voting end date for the 39th AGM. The corrected remote e-voting closing date is Thursday, September 24, 2026, replacing an earlier stated end date of Monday, September 25, 2026. As disclosed, the remote e-voting period begins on Tuesday, September 22, 2026, at 9:00 am and closes on September 24, 2026, at 5:00 pm. The company also disclosed a cut-off date for determining eligible shareholders as September 18, 2026. This correction matters because voting timelines determine shareholder eligibility and participation.

Book closure and record date details

The company stated that the register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026. Separately, one disclosure in the provided information states the books will be closed from September 19, 2026, to September 25, 2025, for the purpose of the AGM on September 25, 2026, which presents an inconsistency in dates as reproduced in the source text. The record date and cut-off date referenced for e-voting eligibility is September 18, 2026. These dates are important for investors because they affect voting rights and the ability to participate in the AGM resolutions.

Key facts at a glance

FY26 turnover figure and auditor disclaimer

The disclosed highlights also mention FY26 results showing turnover of ₹1,791.9 crore. At the same time, statutory auditors M/s AVKAS & Co. issued a disclaimer of opinion on the standalone financial results, as stated in the provided text. The disclosures cited do not provide additional numbers for profit, cash flows, or balance sheet items in the extract. The combination of a high turnover figure and an auditor disclaimer is a relevant context point for shareholders evaluating capital raising and business-object changes. The filings referenced in the provided information explicitly note that no operational updates or forward guidance were provided in the particular notice-related filing discussed.

Stock price references around the disclosures

Multiple price points are cited in the provided information. As of September 24, 2026, Gravity (India) stock price is stated as ₹13.92. Another reference states the share price of GRAVITY as on September 18, 2026 is ₹12.75. A separate data point notes the current share price as ₹14.89 as of September 8, 2026, and also lists “Previous Close” as ₹14.89 and a day’s range of ₹14.89 to ₹14.89 for that snapshot. Another snippet lists ₹14.37 with a change of 0.45 (3.23%), without a date in the text provided. These figures indicate that the stock had multiple quoted prices across different dates and snapshots referenced in the extracts.

Why these resolutions matter for shareholders

The AGM package combines a funding proposal and a proposed expansion of business objects, which together signal a potential shift in corporate direction. The QIP, if approved and executed, would raise up to ₹90 crore for stated needs including working capital and general corporate purposes. The MOA amendment seeks to add technology-related and semiconductor-related activities to the company’s main objects, which is a governance step that enables new lines of business. Shareholders will also be voting on director and auditor appointments and regularisation items that shape oversight and compliance during any restructuring. The remote e-voting correction is also material from a process standpoint, since it directly affects the voting window.

What to track next

The next immediate milestone is the AGM on September 25, 2026, and the outcome of the special resolutions for the QIP and MOA amendment. Investors will also track whether the company provides additional disclosures after shareholder votes, particularly on the execution of the QIP and any steps related to the newly proposed business areas. Another near-term point is the closure of the remote e-voting window on September 24, 2026 at 5:00 pm, which determines when voting concludes for eligible shareholders. Any subsequent filings after the AGM, including voting results and details of any fund-raise decision, will be important to interpret how quickly the proposals move from approval to execution.

Conclusion

Gravity (India) has lined up shareholder votes at its 39th AGM on September 25, 2026 for a ₹90 crore QIP and a proposed MOA amendment to add IT, data centre, and semiconductor-related activities. The company has also corrected the remote e-voting end date to September 24, 2026, and provided key dates including a September 18, 2026 cut-off for eligibility. The agenda also includes adoption of FY26 financial statements and multiple director and auditor-related resolutions. The next confirmed step is the AGM itself, where shareholders will decide on the capital raise and the proposed shift in stated business objects.