GR Infraprojects shareholders have confirmed the appointment of Ashwin Agarwal as Whole-Time Director for a five-year term, solidifying the company’s leadership structure for its ongoing infrastructure projects. The resolution was passed at the 30th Annual General Meeting (AGM) held on July 24, 2026, via Video Conferencing. Alongside the leadership change, shareholders approved a final dividend of ₹2.50 per equity share for FY26, reaffirming the company’s commitment to capital returns amidst active project execution.

The appointment of Ashwin Agarwal is effective from May 11, 2026, and runs until May 10, 2031. Initially appointed as an Additional Director by the Board on May 11, 2026, his elevation to Whole-Time Director was ratified by shareholders through a special resolution. Agarwal brings extensive experience in business operations and project management within the infrastructure sector. Previously serving as Business Unit Head, he has managed end-to-end operations with a focus on operational excellence, quality delivery, and profitability. He is not related to any existing directors of the company.

Key Resolutions Passed

The AGM transacted seven items of business, all carried by the requisite majority. E-voting was open from July 21 to July 23, 2026, with M/s Ronak Jhuthawat & Co. serving as the scrutinizer. M/s S R B C & CO LLP acted as the statutory auditor, issuing unqualified reports on both consolidated and standalone financial statements for FY26.

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. While he received full support from the promoter group, public institutional investors voted against his re-appointment at a rate of 2.69%.

Rajan Malhotra was re-appointed as an Independent Director for a second five-year term, securing 99.96% support. The appointment of Ashwin Agarwal 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.

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.