GR Infraprojects Limited has executed a major Engineering, Procurement and Construction (EPC) Agreement with West Central Railway for a railway infrastructure project valued at ₹1,897.51 crore in Madhya Pradesh. The agreement was formally executed on April 2nd, 2026, as announced by the company under Regulation 30 of SEBI listing requirements.

Project Specifications

The comprehensive railway project involves the construction of a new railway line from Km 124/400 to 165/380 between Bahari and Gondawali stations as part of the Sidhi-Singrauli new rail link project. The scope encompasses extensive infrastructure development including earthwork, bridges of various categories, station buildings, tunnels, and track work.

Comprehensive Project Scope

The EPC agreement covers multiple critical infrastructure components essential for railway operations. The project includes earthwork operations, construction of minor bridges, major bridges, important bridges, viaducts, and RCC box type Road Over Bridges (ROB). Additionally, the scope encompasses Road Under Bridges/Level Crossing structures, station building construction, tunnel development, and complete track work installation.

Strategic Impact

This substantial contract reinforces GR Infraprojects' strong positioning in India's railway infrastructure sector and demonstrates its capability to execute large-scale government projects. The Sidhi-Singrauli rail link project represents a significant infrastructure development initiative that will enhance connectivity in Madhya Pradesh.

The 900-day completion timeline reflects the comprehensive nature of the project, requiring coordinated execution across multiple infrastructure components. This contract addition substantially strengthens the company's order book and establishes a robust revenue pipeline for the coming years.

GR Infraprojects Limited has filed comprehensive regulatory disclosures under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 10(6), 29(1) & 29(2), documenting the inter-se transfer of 88.47 lakh equity shares among promoter group family members executed on March 27 and March 30, 2026.

Multiple Regulatory Compliance Framework

The company submitted detailed documentation to BSE Limited and National Stock Exchange of India Limited on April 1, 2026, covering three distinct regulatory requirements. The filing emphasizes that no additional voting rights were acquired by the promoter group as a whole, maintaining the aggregate shareholding at 74.69%.

Detailed Transaction Structure and Execution

The regulatory disclosure provides comprehensive details of all promoter group members' shareholding before and after the transaction. Five female family members acquired shares while nine male family members transferred their holdings in a strategic realignment executed as gifts without consideration.

Major Acquirer Holdings and Changes

Major Transferor Holdings and Disposals

Transaction Timeline and Regulatory Compliance

The share transfers were executed across two specific dates with detailed documentation submitted within regulatory timelines. The company had previously filed disclosure under Regulation 10(5) on March 19, 2026, four working days prior to the acquisition as required.

Corporate Structure and Documentation

GR Infraprojects Limited maintains its total equity share capital at 9,67,60,529 shares with a face value of ₹5.00 per share, representing ₹48,38,02,645 in total share capital. The comprehensive filing includes signatures from all 14 family members involved in the transaction, with documentation submitted from multiple locations including Udaipur, Gurugram, and Jodhpur.

The company confirmed that the aggregate promoter group shareholding remains unchanged at 74.69%, with the transaction representing internal realignment among immediate relatives under SEBI exemption provisions. The filing emphasizes that this inter-se transfer represents realignment of shareholding among family members without affecting public shareholder interests, maintaining full regulatory compliance throughout the process.