GR Infraprojects Limited has successfully completed its postal ballot process through remote e-voting, with shareholders approving two significant special resolutions on March 20, 2026. The company conducted the voting process in compliance with Section 110 of the Companies Act, 2013, seeking shareholder approval for critical corporate decisions.

Postal Ballot Process Details

The remote e-voting process was conducted over an extended period, commencing at 9:00 AM IST on Thursday, February 19, 2026, and concluding at 5:00 PM IST on Friday, March 20, 2026. The company appointed Ronak Jhuthawat & Co. as the scrutinizer, with CS Ronak Jhuthawat (Membership No. 9738) overseeing the entire process.

Resolution Results and Voting Outcomes

Both special resolutions presented to shareholders received overwhelming approval with the requisite majority. The first resolution concerning the approval of granting loans and providing guarantees under Section 185 of the Companies Act, 2013 secured strong shareholder support.

Resolution 1: Loans and Guarantees Approval

The second resolution for the sale/disposal of GR Ena Kim Expressway Private Limited, a material subsidiary of the company, received even stronger support from shareholders across all categories.

Resolution 2: Subsidiary Sale Approval

Scrutinizer Report and Compliance

The scrutinizer's report confirmed that the postal ballot process was conducted in accordance with the Companies Act, 2013 and relevant rules. The company utilized Kfin Technologies Limited as the authorized agency to provide e-voting facilities, ensuring a secure and transparent voting mechanism.

Key compliance highlights include:

• Postal ballot notice dispatched electronically on February 17, 2026
• Requisite advertisements published in Financial Express (English and Gujarati) on February 18, 2026
• Votes unblocked at 5:03 PM on March 20, 2026, in the presence of two independent witnesses
• Complete adherence to MCA Circular No. 09/2024 dated September 19, 2024

The successful completion of this postal ballot process enables GR Infraprojects to proceed with its strategic initiatives, including the approved loan and guarantee provisions and the disposal of its material subsidiary, GR Ena Kim Expressway Private Limited.

GR Infraprojects Limited has witnessed significant shareholding changes as four promoter group members sold equity shares to comply with minimum public shareholding requirements under SEBI regulations. The transactions were executed on March 07, 2024, through open market sales in accordance with regulatory guidelines.

Share Sale Details

Four members of the promoter group conducted simultaneous share sales on March 07, 2024, each disposing of identical quantities of equity shares. The sales were made in compliance with Rule 19(2)(b) and 19(A) of Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Post-Transaction Holdings

Following the share sales, the individual holdings of each promoter group member were adjusted accordingly. The transactions resulted in a reduction of their respective shareholdings while maintaining their status as promoter group members.

Company Capital Structure

The company's equity share capital remained unchanged following these transactions, as the sales were conducted in the secondary market. The total issued and paid-up equity share capital continues to stand at substantial levels.

Regulatory Compliance

The share sales were conducted in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 3, 2023, which outlines the manner of achieving minimum public shareholding. All transactions were disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, within the prescribed timeframe of two working days.

Current Promoter Group Status

As of March 31, 2025, the promoter and promoter group collectively held 7,22,65,128 equity shares, representing 74.70% of the company's total equity share capital. The promoter group has declared no encumbrances on their holdings during the financial year ended March 31, 2025, maintaining transparency in their shareholding structure.