Gravity India Ltd. Receives In-Principle Approval for Rights Issue
Gravity India Ltd. announced on March 17, 2026, that it has received in-principle approval from the Bombay Stock Exchange (BSE) for a proposed rights issue of equity shares. The approval was conveyed in a letter dated March 16, 2026, reference number LOD/RIGHT/HC/FIP/1893/2025-26.The BSE’s permission allows Gravity India Ltd. to use the exchange's name in its Letter of Offer, provided the company includes a disclaimer clause as outlined by the BSE in all related advertisements. The BSE clarified that this permission does not constitute a certification of the contents of the Letter of Offer or guarantee the listing or continued listing of the company's securities.
The company is required to fix a record date for the rights issue, providing at least three working days’ advance notice to the BSE. Furthermore, the rights issue price must be disclosed to the exchange at least three working days before the record date. Gravity India Ltd. is responsible for ensuring compliance with all applicable legal and statutory formalities and for the accuracy of disclosures made in the offer documents.
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