GR Infraprojects Limited has filed the mandatory report under SEBI SAST Regulation 10(7) for the inter-se transfer of 88,47,393 equity shares representing 9.15% of the company's total share capital among promoter group members. The share transfers were executed through gift arrangements on 27th March 2026 and 30th March 2026, with the regulatory report submitted to SEBI on 21st April 2026 along with applicable fees of ₹1,77,000.
Transaction Framework
The transactions qualified for exemption under Regulation 10(1)(a)(i) of SEBI SAST Regulations as inter-se transfers between immediate relatives within the promoter group. The company completed all regulatory compliance requirements, including pre-transaction intimation filed on 19th March 2026 under Regulation 10(5), post-transaction report submitted on 31st March 2026 under Regulation 10(6), and the final SEBI report filed on 21st April 2026 under Regulation 10(7).
Parameter: Details Total Shares Transferred: 88,47,393 Percentage of Share Capital: 9.15% Transaction Dates: 27th March 2026 & 30th March 2026 Transaction Type: Gift (No consideration) SEBI Report Date: 21st April 2026 Regulatory Exemption: Regulation 10(1)(a)(i) - Inter-se transfer
Share Distribution Among Acquirers
The acquiring parties and their respective share acquisitions demonstrate a strategic realignment of shareholding within the promoter family structure:
Acquirer: Shares Acquired Percentage Mrs. Suman Agarwal: 49,11,812 5.08% Mrs. Laxmi Devi Agarwal: 14,10,315 1.46% Mrs. Kiran Agarwal: 13,84,657 1.43% Mrs. Sangeeta Agarwal: 11,24,609 1.16% Mrs. Ritu Agarwal: 16,000 0.02%
Shareholding Impact and Compliance
The inter-se transfers resulted in changes to individual shareholdings while maintaining the overall promoter group stake. The aggregate promoter and promoter group shareholding remained constant at 74.69% of the total share capital both before and after the transactions. The company also completed disclosures under Regulation 29(1) and 29(2) for shareholding changes.
Metric: Before Transaction After Transaction Total Promoter Group Shares: 7,22,65,608 7,22,65,608 Promoter Group Percentage: 74.69% 74.69% Total Share Capital: 9,67,60,529 9,67,60,529
The volume-weighted average market price for the 60 trading days preceding the transaction notice was ₹961.83 per share. Since the transfers were executed as gifts without consideration, the price comparison requirements under SEBI regulations were not applicable. The company emphasized that these transactions represent a realignment of shareholding among family members and do not affect the interests of public shareholders.
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