GMR Airports conducts 30th AGM, approves eight resolutions
- GMR Airports Limited held its 30th Annual General Meeting on September 21, 2026 via video conferencing
- Eight resolutions were voted upon, including adoption of financial statements for the year ended March 31, 2026
- A dividend was declared on 6,51,11,022, 0.001% Unlisted Non-Cumulative Optionally Convertible Redeemable Preference Shares of INR 40/- each
- A special resolution was passed for raising funds via Qualified Institutions Placement and/or Foreign Currency Convertible Bonds
- Approval was also sought for material related party transactions with Delhi International Airport Limited, a subsidiary, during FY 2026-27
*this image is generated using AI for illustrative purposes only.
GMR Airports Limited held its 30th Annual General Meeting on September 21, 2026 at 3:00 pm via Video Conferencing/Other Audio-Visual Means, with shareholders voting on eight resolutions covering ordinary and special business.
The meeting was conducted in compliance with the Companies Act, 2013, Secretarial Standard-2, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Non-Executive Chairman G. M. Rao chaired the proceedings. The Company Secretary briefed members on the video conferencing procedures, after which the Chairman addressed members, followed by an address from Managing Director and CEO Grandhi Kiran Kumar and a presentation by Chief Financial Officer Saurabh Chawla.
Directors and key personnel in attendance
The following directors and key managerial personnel attended the meeting through video conferencing:
| Name | Designation |
|---|---|
| G. M. Rao | Non-Executive Chairman |
| G.B.S. Raju | Vice-Chairman and Non-Executive Director |
| Grandhi Kiran Kumar | Managing Director and CEO |
| Srinivas Bommidala | Non-Executive Non-Independent Director |
| Philippe Pascal | Non-Executive Non-Independent Director |
| Prabhakara Rao Indana | Deputy Managing Director |
| Alexis Benjamin Riols | Executive Director |
| Christelle Florence Nicole Jacquemet de Robillard | Non-Executive Non-Independent Director |
| Regis Sebastien Lacote | Non-Executive Non-Independent Director |
| Matthieu Daubert | Non-Executive Non-Independent Director |
| Bijal Tushar Ajinkya | Independent Director |
| Mathilde Lemoine | Independent Director |
| Alexandre Ziegler Guillaume Roger | Independent Director |
| Anil Chaudhry | Independent Director |
| Mundayat Ramachandran | Independent Director |
| Normand Boivin | Independent Director |
| Sadhu Ram Bansal | Independent Director |
| Salil Anil Gupte | Independent Director |
| Subba Rao Amarthaluru | Independent Director |
| Saurabh Chawla | Chief Financial Officer |
| T. Venkat Ramana | Company Secretary and Compliance Officer |
Emandi Sankara Rao, Independent Director, had requested leave of absence from the meeting. The respective chairpersons of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee were present to address shareholder queries.
Resolutions put to vote
Eight resolutions were placed before members, spanning ordinary and special business. The company had provided remote e-voting from September 17, 2026 (9:00 am) to September 20, 2026 (5:00 pm), with an insta-poll facility available during the meeting for members who had not cast votes earlier.
| Resolution no. | Particulars | Type |
|---|---|---|
| 1 | Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with reports of the Board of Directors and Auditors | Ordinary Resolution |
| 2 | Declaration of dividend on 6,51,11,022, 0.001% Unlisted Non-Cumulative Optionally Convertible Redeemable Preference Shares of INR 40/- each, fully paid up | Ordinary Resolution |
| 3 | Re-appointment of Buchisanyasi Raju Grandhi (DIN: 00061686), retiring by rotation | Ordinary Resolution |
| 4 | Re-appointment of Philippe Pascal (DIN: 08903236), retiring by rotation | Ordinary Resolution |
| 5 | Re-appointment of Prabhakara Rao Indana (DIN: 03482239), retiring by rotation | Ordinary Resolution |
| 6 | Ratification of remuneration of M/s. Narasimha Murthy and Co., Cost Accountants (Firm Reg. No. 000042), for the financial year ending March 31, 2027 | Ordinary Resolution |
| 7 | Approval for raising funds through issuance of equity shares and/or other eligible securities via Qualified Institutions Placement and/or Foreign Currency Convertible Bonds | Special Resolution |
| 8 | Approval for material related party transaction(s) with Delhi International Airport Limited, a subsidiary of the company, during FY 2026-27 | Ordinary Resolution |
As G. M. Rao was personally interested in Resolution 3, he requested Prabhakara Rao Indana to announce that agenda item.
Meeting proceedings and voting outcome
M/s V. Sreedharan and Associates, Practicing Company Secretaries, were appointed as scrutinisers for both remote e-voting and the insta-poll during the AGM. Statutory auditor representation was provided by Anamitra Das of M/s. Walker Chandiok and Co. LLP.
Following the business items, the Chairman opened a Questions and Answers session for members who had registered as speakers. Queries raised were addressed by the Chairman, directors, the CFO, and the Company Secretary. The Chairman informed members that voting results would be submitted to stock exchanges within the prescribed time limit and posted on the company's website and displayed at its registered and corporate offices. The 30th Annual General Meeting concluded at 5:17 pm, after which e-voting remained open for a further period of 15 minutes in accordance with applicable laws.
Historical Stock Returns for GMR Airports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.60% | +0.73% | -2.65% | +7.26% | +7.55% | 0.0% |
How will the approved Qualified Institutions Placement and Foreign Currency Convertible Bonds impact GMR Airports' debt-to-equity ratio and future expansion plans?
What specific operational synergies or financial benefits are expected from the material related party transactions with Delhi International Airport Limited in FY 2026-27?
Given the re-appointment of key directors, what strategic shifts in governance or leadership focus can shareholders anticipate for the upcoming fiscal year?
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