Gravity (India) MD, chairman, board of directors and AGM
BSE: 532015Textiles & ApparelsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹13.96.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- Differs from the exchange's3,348th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Differs from the exchange's
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Differs from the exchange's
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- –
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 221.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 145.4%
- Volume, BSEVolume. Shares traded on the last trading day.
- 30,223
Gravity (India) board of directors
At the end of the quarter to Mar 2025, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorVARUN RASIKLAL THAKKARRelated to the promoter
- Company Secretary and Compliance OfficerGEETANJALI MALIK
4 directors2 independent1 executive1 non-executive
- VARUN RASIKLAL THAKKAR · Chairperson and managing directorExecutive · joined Oct 2016 · reappointed Oct 2021 · 60 months as independent · 1 listed board
- DAKSHABEN RASIKLAL THAKKARNon-executive · joined Mar 1987 · reappointed Sep 2024 · 1 listed board · 2 committee seats, 1 as chair
- SAMIR BIPINKUMAR RUPARELIAIndependent · joined Aug 2019 · reappointed Aug 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- KOMAL HARDIKKUMAR PATELIndependent · joined Feb 2025 · 3 months as independent · 1 listed board · 1 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- DIPTI VASANT KADAM, left 1 Feb 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 1 Feb 20254 of 4 present2 independent · 99 days in between
- 24 Oct 20244 of 4 present2 independent
Audit Committee
Chair SAMIR BIPINKUMAR RUPARELIA
DAKSHABEN RASIKLAL THAKKAR, KOMAL HARDIKKUMAR PATEL
- 1 Feb 20253 of 3 present2 independent · 99 days in between
- 24 Oct 20243 of 3 present2 independent
Nomination and remuneration committee
Chair SAMIR BIPINKUMAR RUPARELIA
DAKSHABEN RASIKLAL THAKKAR, KOMAL HARDIKKUMAR PATEL
- 1 Feb 20253 of 3 present2 independent
- 24 Oct 20243 of 3 present2 independent
Stakeholders Relationship Committee
Chair DAKSHABEN RASIKLAL THAKKAR
SAMIR BIPINKUMAR RUPARELIA, KOMAL HARDIKKUMAR PATEL
- 1 Feb 20253 of 3 present2 independent
- 24 Oct 20243 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s A V K A S & CO.Peer-review certificate valid to Jun 2027
2 earlier auditors
- DDM & AssociatesNamed in the filing for the quarter to Sep 2025
- A R SODHA & CO.Named in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Gravity (India) AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Gravity (India) share news and announcements
Annual general meeting, 25 Sep 2026
7,019 shareholders on the register on 18 Sep 2026; present: 2 promoters and 23 others; votes counted by Arvind Sudra / Arvind Sudra & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon.Ordinary99.98% for0.02% against
Against: promoters 0.00% · other public 0.02%
Turnout: all 18.44% · promoters 0.00% · other public 19.63%
- To appoint a Director in place of Mrs. Dakshaben Rasiklal Thakkar (DIN: 00576846), who retires by rotation and, being eligible, seeks re-appointment.Ordinary99.98% for0.02% against
Against: promoters 0.00% · other public 0.02%
Turnout: all 18.44% · promoters 0.00% · other public 19.63%
- To Consider and Approve Appointment of M/s AVKAS & Co. (FRN - 155352W) as a Statutory Auditor of the Company for the period of Five years from Financial Year 2026-27 to 2030-31.Ordinary99.98% for0.02% against
Against: promoters 0.00% · other public 0.02%
Turnout: all 18.44% · promoters 0.00% · other public 19.63%
To Consider and Approve Appointment of CS Arvind Sudra, Company Secretary in Practice (ACS - 19191, CP No. - 26913) as a Secretarial Auditor of the Company for the period of Five years from Financial Year 2026-27 to 2030-31.MoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · other public 0.02%
Turnout: all 18.44% · promoters 0.00% · other public 19.63%
To regularize appointment of Mukesh Mahendrabhai Parmar (DIN: 11473295) who has been appointed as an additional Director of the Company and designate him as Managing Director & Chief Executive Officer (MD & CEO).MoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · other public 0.02%
Turnout: all 18.44% · promoters 0.00% · other public 19.63%
- To regularize appointment of Kuldipsinh Rathod (DIN: 11473323) who has been appointed as an additional Director of the Company and designate her as Executive Director & Chief Financial Officer.Ordinary99.98% for0.02% against
Against: promoters 0.00% · other public 0.02%
Turnout: all 18.44% · promoters 0.00% · other public 19.63%
- To regularize appointment of Ankit Goel (DIN: 11168895) who has been appointed as an additional Director of the Company and designate him as Non-Executive Independent Director.Ordinary99.98% for0.02% against
Against: promoters 0.00% · other public 0.02%
Turnout: all 18.44% · promoters 0.00% · other public 19.63%
- To consider and approve raising of funds through issuance of equity shares of the company by way of qualified institutions placement ("QIP") for an amount aggregating up to Rs. 90 croreSpecial99.98% for0.02% against
Against: promoters 0.00% · other public 0.02%
Turnout: all 18.44% · promoters 0.00% · other public 19.63%
To consider and approve alteration of the Object Clause of the Memorandum of Association of the Company, to include new business activities in the field of Information Technology and related services; Data Centres, data storage, data processing, cloud infrastructure and allied digital infrastructure; and semiconductor and semiconductor-related businesses, as set out in the Notice.MoreLess
Special99.98% for0.02% againstAgainst: promoters 0.00% · other public 0.02%
Turnout: all 18.44% · promoters 0.00% · other public 19.63%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.