AGM Details

The 39th Annual General Meeting is scheduled to be held on Friday, September 25, 2026, at 04:00 PM through Video Conference/Other Audio-visual Means. The registered office at Paresh Complex, Building No. C, Gala No. 227A, Near Guru Kripa Hotel, Reti Bunder Road, Kalher Village, Bhiwandi, Thane, Maharashtra, India, 421302 shall be deemed to be the venue.

Remote E-voting Details

The remote e-voting period starts on Tuesday, September 22, 2026, at 09:00 AM and ends on Thursday, September 25, 2026, at 05:00 PM. The cut-off date for determining shareholders eligible to vote is Friday, September 18, 2026.

Register of Members Closure

The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 25, 2026 (both days inclusive) for the AGM.

Ordinary Business Agenda Items

Item 1: Adoption of Financial Statements

To receive, consider and adopt the Audited Financial Statements (Standalone) for the financial year ended March 31, 2026, along with Reports of Board of Directors and Auditors.

Item 2: Retirement by Rotation

To appoint a director in place of Ms. Dakshaben Rasiklal Thakkar (DIN: 00576846) who retires by rotation and seeks re-appointment.

Item 3: Appointment of Statutory Auditor

To consider and approve appointment of M/s AVKAS & Co. (FRN: 155352W) as Statutory Auditor for five years from FY 2026-27 to 2030-31.

Item 4: Appointment of Secretarial Auditor

To consider and approve appointment of CS Arvind Sudra, Company Secretary in Practice (ACS: 19191, CP No.: 26913) as Secretarial Auditor for five years from FY 2026-27 to 2030-31.

Item 5: Regularization of Mukesh Parmar

To regularize appointment of Mukesh Mahendrabhai Parmar (DIN: 11473295) as additional Director and designate him as Managing Director & Chief Executive Officer.

Item 6: Regularization of Kuldipsinh Rathod

To regularize appointment of Kuldipsinh Rathod (DIN: 11473323) as additional Director and designate her as Executive Director & Chief Financial Officer.

Item 7: Regularization of Ankit Goel

To regularize appointment of Ankit Goel (DIN: 11168895) as additional Director and designate him as Non-Executive Independent Director.

Special Business Agenda Items

Item 8: QIP Fundraising of ₹90 Crore

To consider and approve raising funds through issuance of equity shares by way of Qualified Institutions Placement for an aggregate amount not exceeding ₹90,00,00,000 (Ninety Crore rupees).

Key Terms of QIP Resolution:

  • Funds to be raised through one or more tranches
  • Equity shares to rank pari-passu with existing shares
  • Issuance only to Qualified Institutional Buyers (QIBs) as per SEBI ICDR Regulations
  • Price not less than floor price determined as per SEBI regulations, with discount up to 5% permitted
  • Relevant date for floor price determination: date of Board meeting deciding to open QIP
  • Allotment to be completed within 365 days from resolution passing
  • Funds utilization: Working capital requirements and general corporate purposes (not exceeding 25% of raised amount)
  • Proceeds may be temporarily deployed pending utilization as per Board determination
  • Shares to be listed on BSE where existing shares are listed
  • Board authorized to determine final terms, appoint intermediaries, and take necessary actions

Item 9: Alteration of Memorandum of Association

To consider and approve alteration of Clause III(A) of Memorandum of Association by inserting new sub-clauses to expand business objects into:

1. Data centers, data storage, data processing facilities, cloud computing infrastructure

2. Semiconductors, semiconductor devices, integrated circuits, and related electronic products

3. Information technology, artificial intelligence, IoT solutions, cybersecurity

4. Allied and ancillary activities to support these businesses

Financial Performance Highlights (From Director's Report)

  • Turnover: ₹17,919.10 lakhs (FY 2025-26) vs ₹122.30 lakhs (FY 2024-25)
  • Total Revenue: ₹17,974.66 lakhs (FY 2025-26) vs ₹196.90 lakhs (FY 2024-25)
  • Profit before tax: ₹1,739.99 lakhs (FY 2025-26) vs loss of ₹234.94 lakhs (FY 2024-25)
  • Net Profit after tax: ₹1,285.03 lakhs (FY 2025-26) vs net loss of ₹200.58 lakhs (FY 2024-25)

Share Capital Information

  • Authorized Share Capital increased to ₹100,00,00,000 divided into 10,00,00,000 equity shares of ₹10 each
  • Paid-up Capital: ₹9,00,19,500 divided into 9,001,950 equity shares of ₹10 each as of March 31, 2026
  • No dividend recommended for the year under review

Board Composition and Changes

  • Ms. Komal Patel (DIN: 10911964) resigned as Independent Director
  • Mr. Ankit Goel (DIN: 11168895) appointed as Independent Director
  • Board held 10 meetings during FY 2025-26

Auditor Changes

  • M/s. A. R. Sodha & Co. (FRN: 110324W) and DDM & Associates (FRN: 133446W) resigned as Statutory Auditors
  • M/s. AVKAS & Co. (FRN: 155352W) proposed as new Statutory Auditors

Other Material Information

  • Company changed its object clause during the year to include trading and infrastructure activities
  • Attempted rights issue of 6,90,14,950 equity shares at ₹10 per share in April 2026 was not proceeded with due to not achieving minimum 90% subscription
  • No frauds reported under Section 143(12) of Companies Act, 2013
  • No corporate social responsibility applicability as company doesn't meet Section 135 criteria
  • No employee drawing salary exceeding ₹1.02 crore per annum or ₹8.5 lakh per month

Voting Instructions

  • Remote e-voting through NSDL platform
  • Physical shareholders must submit documents to csgravityindia@gmail.com for access
  • Institutional shareholders must submit Board Resolutions/Authority letters
  • Members can join AGM via VC/OAVM through NSDL e-Voting system