G R Infraprojects Limited received an order from the Hon'ble High Court of Madhya Pradesh, Indore, quashing a Goods and Services Tax (GST) show cause notice. The judicial decision concludes the legal challenge against proceedings initiated by the Joint Commissioner of State Tax, Ratlam Division.

The company had previously filed a writ petition challenging the notice issued under Section 74 of the Central GST Act, 2017, and the Madhya Pradesh GST Act, 2017. The court's ruling effectively nullifies the demand raised by the tax authorities regarding the specified period.

Background of the dispute

The litigation originated from a show cause notice dated August 25, 2026. G R Infraprojects contested the validity of this notice through formal legal channels. The subsequent filing of the writ petition before the Madhya Pradesh High Court sought relief from the alleged irregularities in the assessment process.

Regulatory disclosure details

The development was intimated to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the proceedings started on the basis of the show cause notice have been quashed.

The company stated that no settlement terms or compensation payments were applicable as the matter was resolved through the quashing of the notice. This outcome removes the immediate financial liability associated with the disputed tax demand.

G R Infraprojects has categorised two key executives as Senior Management Personnel (SMP), effective October 14, 2026. The move strengthens the company's leadership structure in critical operational and administrative functions.

The Board of Directors approved the change at a meeting held on October 14, 2026, based on the recommendation of the Nomination and Remuneration Committee. The decision was taken pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Senior Management Appointments

The two individuals designated as SMP are:

• Archit Agarwal, currently serving as Business Unit Head – Tunnels and Hydro.
• Bharat Bhushan Aggarwal, currently serving as President - HR, Administration & Corporate Communication.

Both appointees are full-time employees of the company. The categorisation does not involve a new appointment but rather an elevation of their status within the existing corporate hierarchy to align with regulatory disclosure requirements for senior management.

Executive Profiles

Archit Agarwal

Agarwal joined the company in 2015 and brings over 11 years of experience in infrastructure development and EPC execution. His expertise spans highways, railways, metro systems, tunneling, and logistics. He currently leads the Tunneling & Underground EPC Business and Logistics Business Platform. Previously, he served as President of the Delhi Chapter of the London Business School Alumni Association (2017–2024) and Chairman of the ICC Infrastructure Committee (2023–2025). He holds a B.Tech degree and an M.Sc. in Management from London Business School.

Bharat Bhushan Aggarwal

Aggarwal joined the company in 2021 with over 35 years of experience in Human Resources, organizational transformation, and business leadership. In his current role, he leads people strategy, organizational development, employee engagement, and corporate communication functions. His prior roles include senior positions at Fluor Daniel India, TRS Staffing Solutions India, Grasim Industries, Vardhman Group, DCM Shriram Industries, and Fujitsu India Limited. He holds degrees in Science, Law, and Business Administration.

Compliance Details

The board meeting commenced at 2:30 pm and concluded at 5:30 pm. The company has filed the necessary disclosures with BSE Limited and National Stock Exchange of India Limited to ensure compliance with applicable SEBI regulations.