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.

GR Infraprojects Limited has filed a comprehensive disclosure under SEBI SAST Regulations for a significantly larger proposed inter-se transfer involving multiple promoter group members. The updated transaction involves five female promoter group members acquiring 88,47,393 equity shares (9.15% of share capital) through gift transactions scheduled for March 27, 2026.

Updated Transaction Structure

The revised disclosure reveals a much larger inter-se transfer involving five acquirers from the promoter group. The transaction represents gifts between immediate relatives within the promoter group, qualifying for exemption under SEBI's inter-se transfer provisions.

Detailed Shareholding Changes

The inter-se transfer will result in significant redistribution of shareholdings within the promoter group while maintaining the overall promoter group stake. The five female promoter group members will see substantial increases in their individual holdings.

Seller Details and Distribution

The shares are being transferred from multiple promoter group members, with the largest transfers coming from senior family members. The distribution shows a strategic realignment of shareholding among family members.

Regulatory Compliance and Market Impact

The company has confirmed compliance with all applicable disclosure requirements under SEBI SAST Regulations. The transaction involves gifts without consideration, making price comparison declarations not applicable under SEBI regulations.

The transaction represents a part of realignment of shareholding amongst family members and will not affect the interests of public shareholders. The aggregate shareholding and voting rights of the promoter and promoter group will remain unchanged, ensuring no impact on overall ownership structure.