G R Infraprojects Promoters Complete Inter-se Share Transfer Among Family Members

GR Infraprojects Limited, a prominent infrastructure development company, has announced a significant inter-se transfer of equity shares among its promoter and promoter group members. The transaction involved a reshuffling of approximately 26.87 lakh shares, representing 2.78% of the company's total share capital.

Key Details of the Transfer

The inter-se transfer primarily involved members of the Agarwal family, including:

Devki Nandan Agarwal
Vinod Kumar Agarwal
Mahendra Agarwal
Ajendra Agarwal
Purshottam Agarwal

These individuals, along with their respective family HUFs (Hindu Undivided Families), participated in both the acquisition and disposal of shares.

Impact on Shareholding

Despite the substantial movement of shares, the company emphasized that the promoter group's aggregate shareholding remained unchanged at 26.60% of the total share capital. This transfer did not result in any additional voting rights being acquired by the promoter and promoter group as a whole.

Breakdown of Major Transactions

The most significant changes in individual shareholdings were as follows:

Shareholder	Acquisition	Disposal	Net Change
Devki Nandan Agarwal	2,88,000	-	2,88,000
Vinod Kumar Agarwal	2,78,800	3,08,500	-29,700
Mahendra Agarwal	7,32,565	-	7,32,565
Ajendra Agarwal	7,33,365	-	7,33,365
Purshottam Agarwal	6,54,448	-	6,54,448

Purpose of the Transfer

The company stated that this inter-se transfer was part of a realignment of shareholding amongst family members. GR Infraprojects assured stakeholders that the transaction has not affected the interests of the public shareholders of the company.

Regulatory Compliance

The disclosure of this share transfer was made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company duly informed both the National Stock Exchange of India Limited and BSE Limited about the transaction.

Company Background

GR Infraprojects Limited, listed under the scrip code 543317 (BSE) and symbol GRINFRA (NSE), is known for its involvement in infrastructure development projects.

This inter-se transfer among promoter group members reflects internal restructuring within the Agarwal family's holdings in GR Infraprojects, while maintaining their overall stake in the company. Such transactions are not uncommon among family-owned businesses and typically do not signal any significant change in the company's operations or strategy.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.33%	-3.57%	-8.22%	-22.81%	-30.32%	-44.82%

GR Infraprojects Limited (GRINFRA) has successfully acquired Rajgarh Neemuch Power Transmission Limited (RNPTL) for Rs 18.88 crore, marking a significant expansion in its power transmission portfolio. The acquisition was completed through a Share Purchase Agreement with REC Power Development and Consultancy Limited (RECPDCL), formerly known as REC Power Distribution Company Limited.

Acquisition Details

GRINFRA has acquired all 50,000 equity shares of RNPTL, each with a face value of Rs 10, through itself and six nominees. This strategic move has resulted in RNPTL becoming a wholly-owned subsidiary of GR Infraprojects Limited. The transaction was executed on September 29, as per the company's regulatory filing.

Project Background

The acquisition of RNPTL is a crucial step for GRINFRA in fulfilling the conditions of a Letter of Intent (LOI) it received for a significant power transmission project. The project, titled "Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh- Phase III and Evacuation of Power from RE Projects in Neemuch (1000 MW) SEZ in Madhya Pradesh-Phase II," aims to strengthen the power transmission infrastructure in Madhya Pradesh.

About Rajgarh Neemuch Power Transmission Limited

RNPTL, incorporated on June 17, operates in the power transmission and distribution sector. The company was established with an authorized and paid-up share capital of Rs 5 lakh. As a newly formed entity, RNPTL does not have a turnover history, having been incorporated in the current financial year.

Financial and Regulatory Aspects

The acquisition price of Rs 18.88 crore was paid in cash by GRINFRA. The company has confirmed that this transaction does not fall under the category of related party transactions, and neither the promoters nor the promoter group have any interest in RNPTL.

Market Impact and Future Outlook

This acquisition aligns with GRINFRA's strategy to expand its presence in the power transmission sector. By securing RNPTL, the company is well-positioned to execute the large-scale renewable energy evacuation project in Madhya Pradesh, potentially leading to enhanced capabilities and market share in the power infrastructure segment.

Regulatory Compliance

In a separate announcement, GRINFRA has informed that the trading window for dealing in the company's securities will be closed for all designated persons and their immediate relatives from October 1. This closure will remain in effect until 48 hours after the declaration of the company's financial results for the quarter ending September 30, in compliance with SEBI regulations.

The strategic acquisition of RNPTL demonstrates GR Infraprojects' commitment to expanding its footprint in the power transmission sector and its readiness to take on large-scale infrastructure projects in renewable energy.