Gravity (India) Limited announced that the board of directors of the company at its meeting held on August 26, 2016, 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. The board 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.