Gravity (India): Outcome of Board Meeting

Gravity India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 26, 2016, inter alia, has transacted the following,

1. Approved and recommended the ratification of appointment of Statutory Auditors of the Company subject to the approval of the members at the ensuing Annual General Meeting.

2. Ascertained the Directors retiring by rotation at the ensuing Annual General Meeting and considered their re-appointment.

3. Considered and approved the Directors Report along with its attachments, Secretarial Audit Report and Management Discussion and Analysis Report.

4. Considered and approved the Corporate Governance Report pursuant Regulation 36 and Schedule V of the SEBI (Listing and Disclosure Requirements) Regulations, 2015.

5. Finalized the date, time and venue of the forthcoming Annual General Meeting for the financial year ending 2015-16 and approved the notice for convening the Annual General Meeting.

6. Took note of the Related Party Transactions under Omnibus Approval of the Company for the Quarter ended on June 30, 2016.

7. Considered and took on record the resignation of Mr. Rasiklal Dalpatram Thakkar, Managing Director and the Key Managerial Personnel of the Company with effect from October 01, 2016.

8. Considered and approved the appointment of Mr. Varun Thakkar as the Chairman, Managing Director and the Key Managerial Personnel of the Company with effect from October 02, 2016.

9. Considered the Proposal for Sale of premises of the Company situated on First Floor, Bldg No.2 at Kondivita, CTS 468, Kondivita Village, Opp. Saidev Hotel, Andheri - East, Mumbai - 400059.

10. Authorized Chairman and Managing Director of the Company for filing the Report on the ensuing Annual General Meeting.

11. Authorized Managing Director and Company Secretary of the Company to sign the Annual return of the company and digitally sign and file necessary e-forms with the Registrar of Companies, Mumbai.