GR Infraprojects shareholders approved a final dividend of ₹2.50 per equity share for the financial year ended March 31, 2026, confirming an interim payment already made during FY26. The resolution was passed at the company's 30th Annual General Meeting (AGM) held on July 24, 2026, via Video Conferencing (VC) / Other Audio-Visual Means (OAVM), in compliance with SEBI Listing Regulations and Ministry of Corporate Affairs circulars. The approval underscores continued shareholder confidence in the company's capital return strategy amid ongoing infrastructure projects.

The meeting, presided over by Chairman Ajendra Kumar Agarwal, commenced at 11:00 AM IST with 68 members attending virtually. All seven items of business were transacted through e-voting, with remote voting open from July 21 to July 23, 2026. M/s Ronak Jhuthawat & Co., Company Secretaries, served as the scrutinizer, while M/s S R B C & CO LLP acted as the statutory auditor. The independent auditor's reports on both consolidated and standalone financial statements for FY26 were unqualified.

Key Resolutions Passed

The Board of Directors sought shareholder approval for several ordinary and special resolutions. All resolutions were carried by the requisite majority. The voting results highlight strong support from promoter groups and institutional investors across all agenda items.

Board Composition Changes

The meeting approved significant changes to the Board of Directors. Ajendra Kumar Agarwal, who retired by rotation, was re-appointed as a Director. He received overwhelming support from the promoter group (100% in favour) but faced some opposition from public institutional investors, who voted against his re-appointment at a rate of 2.69%.

Additionally, shareholders passed a special resolution to appoint Ashwin Agarwal as a Whole-time Director. This resolution saw higher dissent compared to other items, with 4.28% of total valid votes cast against it. Institutional investors voted against this appointment at a rate of 20.36%, indicating notable scrutiny regarding this specific leadership change. Rajan Malhotra was re-appointed as an Independent Director for a second five-year term, securing 99.96% support.

Voting Participation

As of the cut-off date of July 17, 2026, the company had 61,052 shareholders. E-voting participation was robust, with over 91 million votes polled across various resolutions. Promoter and Promoter Group holdings stood at 72,265,608 shares, while Public-Institutional holdings accounted for 21,218,193 shares. The high participation rate reflects active engagement from both institutional and retail stakeholders in governance matters.

GR Infraprojects Limited announced that its wholly owned subsidiary, GR Yamuna Bridge Highway Private Limited, has received a Provisional Completion Certificate for the construction of a four-lane highway on NH-731A in Uttar Pradesh. The Independent Engineer issued the certificate on July 21, 2026, declaring the project fit for commercial operation with effect from June 23, 2026. This development marks the provisional completion of the infrastructure project, enabling the subsidiary to commence tolling operations and revenue generation.

The project involves the construction of a four-lane highway from Km 74.700 to Km 112.950, stretching from Baranpur Kadipur Ichauli to Rampuriya Awwal, and includes a Yamuna Bridge. It was executed on a Hybrid Annuity Mode. The bid project cost for the undertaking was ₹737.17 crore, excluding GST.

The disclosure was made in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The subsidiary's readiness for commercial operation is expected to contribute to the revenue stream of gr infraprojects going forward.

GR Yamuna Bridge Highway Private Limited is a wholly owned subsidiary of GR Infraprojects Limited. The company focuses on infrastructure development, including highways, bridges, and urban infrastructure projects.