G R Infraprojects Limited has disclosed the completion of inter-se transfers of equity shares among its promoter group members, executed on 27th and 30th March 2026, pursuant to Regulation 29(1) and Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfers, totalling 88,47,393 equity shares representing 9.15% of the total share capital, were carried out as part of a realignment of shareholding amongst family members and without consideration. The company confirmed that no additional voting rights were acquired by the Promoter and Promoter Group as a whole, and the aggregate shareholding and voting rights remained unchanged before and after the transactions.

March 2026 Inter-Se Transfer Details

The transfers involved five acquirers and multiple sellers within the promoter group. The following table summarises the individual acquisitions completed as part of the March 2026 inter-se transfer:

The mode of acquisition was inter-se transfer. The equity share capital of G R Infraprojects Limited remained unchanged before and after the said transfers, with the total number of shares standing at 9,67,60,529 equity shares amounting to Rs. 48,38,02,645 at a face value of Rs. 5/- per equity share.

Post-Transfer Promoter Shareholding

Following the completion of the March 2026 inter-se transfers, the promoter group's aggregate shareholding in G R Infraprojects Limited stood at 7,22,65,608 equity shares, representing 74.69% of the total share and voting capital. The table below presents the post-transfer shareholding of key acquirers and persons acting in concert (PACs):

Regulation 31(4) Encumbrance Declaration for FY2026

In a separate disclosure filed on 8th April 2026 under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the Promoters and members of the Promoter Group of G R Infraprojects Limited declared that they, along with persons acting in concert, held 7,22,65,608 equity shares representing 74.69% of the company's equity share capital as on 31st March 2026. The declaration confirmed that no encumbrance, direct or indirect, was created on any promoter-held shares during the financial year ended 31st March 2026. This was filed by Ajendra Kumar Agarwal on behalf of the Promoter and members of the Promoter Group.

September 2025 Inter-Se Transfer

Prior to the March 2026 transactions, the promoter group had also undertaken an inter-se transfer on 29th September 2025, pursuant to Regulation 29(2) of the SEBI Takeover Regulations. That transaction involved the transfer of 26,87,178 equity shares representing 2.78% of the total share capital, with the transfers executed among immediate relatives, promoters, and promoter group members. The following table outlines the acquisitions made in that transaction:

As with the March 2026 transactions, the September 2025 inter-se transfers did not result in any change in the aggregate voting rights or control of the promoter group in G R Infraprojects Limited, and the interests of public shareholders were not affected. The company confirmed that the equity share capital remained at 9,67,60,529 shares amounting to Rs. 48,38,02,645 at a face value of Rs. 5/- per equity share before and after the said transfers.

G R Infraprojects Limited's wholly owned subsidiary, Nasarpore Malotha Highway Private Limited, has executed a concession agreement with the National Highways Authority of India (NHAI) for a highway upgradation project worth ₹1453.57 crore (excluding GST). The agreement was signed on 18th May 2026, as disclosed by the company in accordance with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Project Overview

The project involves the upgradation of an existing two-lane carriageway to a four-lane divided carriageway on National Highway 56 (NH-56) in Gujarat. The stretch spans 60.21 km, running from Nasarpore Village in Umarpada Taluka to Malotha Village in Vyara Taluka. The project will be executed under the Hybrid Annuity Mode (HAM), with a completion period of 910 days from the Appointed Date.

Key details of the contract are summarised below:

Project Scope and Significance

The project covers the upgradation of the NH-56 corridor from Chainage 208+90 (Existing Km. 535.93) in Nasarpore Village to Chainage 269+11 (Existing Km. 608.51) in Malotha Village, forming Package VI (Pkg-VI) of the broader highway development initiative in Gujarat. Under the Hybrid Annuity Mode, the concessionaire is responsible for construction and maintenance, with NHAI providing annuity payments over the operation period.

The execution of this concession agreement reinforces G R Infraprojects' established track record in large-scale national highway infrastructure projects. The addition of this contract strengthens the company's order book and underscores its continued participation in India's national highway development programme through its subsidiary structure.