GR Infraprojects Announces Inter-se Transfer of 21 Lakh Equity Shares Between Promoter Group Members

GR Infraprojects Limited has announced a proposed inter-se transfer of equity shares between members of its promoter group, scheduled to take place on or after March 25, 2026. The transaction involves the transfer of shares between immediate relatives under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations.

Transaction Details

The proposed acquisition involves Mrs. Shakuntala Devi Gupta, a member of the promoter group, acquiring equity shares from Mr. Manish Gupta through a gift transaction. The transfer represents a significant movement of shares within the promoter group structure.

Parameter: Details Acquirer: Mrs. Shakuntala Devi Gupta Seller: Mr. Manish Gupta Number of Shares: 21,00,000 Percentage of Share Capital: 2.17% Transaction Type: Gift (without consideration) Proposed Date: On or after March 25, 2026

Shareholding Impact

The inter-se transfer will result in changes to individual shareholdings within the promoter group while maintaining the overall promoter group stake. Mrs. Shakuntala Devi Gupta's shareholding will increase from zero to 2.17%, while Mr. Manish Gupta's holding will decrease from 2.74% to 0.57%.

Shareholder: Before Transaction After Transaction Mrs. Shakuntala Devi Gupta: 0 shares (0.00%) 21,00,000 shares (2.17%) Mr. Manish Gupta: 26,49,132 shares (2.74%) 5,49,132 shares (0.57%)

Regulatory Compliance

The company has filed the necessary disclosure under Regulation 10(5) of SEBI SAST Regulations, providing the required four working days' notice before the proposed transaction date. The transfer qualifies as an inter-se transfer between immediate relatives and will not trigger any open offer requirements.

The volume weighted average market price for 60 trading days preceding the disclosure date was Rs. 963.47. Since the transaction is a gift without consideration, no price comparison declarations are applicable.

Market Impact

The proposed transfer will not affect the interests of public shareholders as it represents an internal reorganization within the promoter group. The aggregate shareholding and voting rights of the promoter and promoter group will remain unchanged, ensuring no dilution of public shareholding.

The company has confirmed that all parties involved have complied with applicable disclosure requirements under Chapter V of the Takeover Regulations and will continue to do so for this transaction.

GR Infraprojects Limited has emerged as the lowest bidder (L-1) for a significant highway construction project worth ₹2440.87 crores from the National Highways Authority of India. The company announced this development to stock exchanges, following the financial bid opening conducted for the prestigious infrastructure project.

Project Specifications

The awarded project involves the construction of a 4-lane greenfield section of National Highway-33 (NH-33) from Mokama to Munger in Bihar state. The highway section spans from Design Chainage 0+000 to 82+400, covering a total distance of 82.40 kilometers.

Parameter: Details Project Name: Construction of 4 lane Greenfield Section of NH-33 from Mokama to Munger Contract Value: ₹2440.87 crores Location: Bihar State Distance: 82.40 km (Design Ch. 0+000 to 82+400) Implementation Mode: Hybrid Annuity Mode (HAM) Completion Period: 910 days from Appointed date

Implementation Framework

The project will be executed under the Hybrid Annuity Mode (HAM), which is a public-private partnership model commonly used for highway projects in India. Under this arrangement, the concessionaire receives a portion of the project cost from the government during the construction phase, with the remaining amount paid through annuity payments over the operational period.

Regulatory Compliance

GR Infraprojects has informed both stock exchanges about this development in accordance with regulatory requirements. The company has committed to provide updates on any further developments related to this project. As per regulatory guidelines, the trading window for all designated persons will remain closed until 48 hours after this announcement to ensure compliance with insider trading regulations.

Strategic Impact

This project award represents a substantial addition to GR Infraprojects' order book, reinforcing the company's position in India's highway construction sector. The NH-33 corridor is strategically important for connecting various regions in Bihar and enhancing transportation infrastructure in the state. The 910-day completion timeline indicates the project's scale and complexity, requiring significant resource deployment and project management capabilities from the infrastructure company.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.