GR Infraprojects Limited Announces Inter Se Transfer of Equity Shares Among Promoter Group Members

GR Infraprojects Limited has announced an inter se transfer of equity shares among its promoter group members, as disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents an internal restructuring within the promoter group without affecting the overall shareholding pattern.

Transaction Details

The share transfer transaction was executed on March 27, 2026, involving two promoter group members who are immediate relatives. The disclosure was filed with both BSE Limited and National Stock Exchange of India Limited on March 29, 2026.

Parameter: Details Transfer Date: March 27, 2026 Mode of Transfer: Inter se Transfer Shares Transferred: 21,00,000 equity shares Face Value: ₹5 per equity share Transferor: Manish Gupta Transferee: Shakuntala Devi Gupta

Shareholding Changes

The transaction resulted in a redistribution of shares between the two promoter group members while maintaining the aggregate promoter group holding.

Shareholder: Before Transfer After Transfer Change Manish Gupta: 26,49,132 shares (2.74%) 5,49,132 shares (0.57%) -21,00,000 shares (-2.17%) Shakuntala Devi Gupta: Nil 21,00,000 shares (2.17%) +21,00,000 shares (+2.17%) Combined Holding: 26,49,132 shares (2.74%) 26,49,132 shares (2.74%) No change

Company Share Capital Structure

GR Infraprojects Limited's equity share capital remained unchanged following the transaction. The company's total equity share capital stands at 9,67,60,529 shares with a face value of ₹5 per share, representing a total amount of ₹48,38,02,645.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Company Secretary Sudhir Mutha (ICSI Membership No. ACS18857) filed the necessary documentation with the stock exchanges. The company emphasized that no additional voting rights were acquired by the promoter group as a whole, ensuring compliance with regulatory requirements.

Corporate Information

GR Infraprojects Limited, formerly known as G.R. Agarwal Builders and Developers Limited, operates with its corporate office in Gurugram, Haryana, and head office in Udaipur, Rajasthan. The company's shares are listed on both BSE Limited (Scrip Code: 543317) and National Stock Exchange of India Limited (Symbol: GRINFRA).

G R Infraprojects Limited has emerged as the L-1 bidder for a major highway upgradation project worth ₹1453.57 crores, as announced through a regulatory filing under SEBI Regulation 30. The company secured the lowest bid position for the National Highway-56 project in Gujarat during the financial bid opening held on March 27.

Project Specifications

The awarded project involves the upgradation of existing two-lane carriageway to four-lane divided carriageway on NH-56 in Gujarat. The project spans 60.21 kilometers from Nasarpore Village in Umarpada Taluka to Malotha Village in Vyara Taluka, representing a significant infrastructure development initiative.

Parameter: Details Contract Value: ₹1453.57 crores Project Length: 60.21 kilometers Execution Mode: Hybrid Annuity Mode (HAM) Completion Period: 910 days from appointed date Authority: National Highways Authority of India

Contract Structure and Timeline

The project will be executed under the Hybrid Annuity Mode (HAM), which combines elements of both Engineering, Procurement and Construction (EPC) and Build-Operate-Transfer (BOT) models. The company has been allocated 910 days from the appointed date to complete the highway upgradation work.

Regulatory Compliance

G R Infraprojects has committed to providing updates on any further developments related to this project. In accordance with SEBI insider trading regulations, the company has announced that the trading window for designated persons will remain closed for 48 hours following this announcement.

Strategic Significance

This contract win reinforces G R Infraprojects' competitive position in the highway infrastructure sector. The substantial project value and strategic location on NH-56 in Gujarat demonstrate the company's capability to secure major infrastructure contracts through competitive bidding processes, strengthening its order book and future revenue pipeline.

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