GMR Airports Limited (GAL) shareholders have given a resounding approval for the sale of assets by Delhi Duty Free Services Private Limited, a material subsidiary of the company. The special resolution, conducted through a postal ballot, concluded on July 23, 2025, with an impressive 92.39% of the total paid-up equity share capital participating in the e-voting process.

Voting Results

The resolution received overwhelming support from shareholders:

Key Dates

• Record Date: June 17, 2025
• Postal Ballot Notice Issued: June 21, 2025
• Voting Conclusion: July 23, 2025
• Results Report Submission: July 25, 2025

Voting Breakdown

The e-voting saw participation across different shareholder categories:

Corporate Governance

The postal ballot process was conducted in compliance with regulatory requirements. V Sreedharan, appointed as the scrutinizer, oversaw the voting process and submitted the results report. The special resolution is deemed to have been passed on July 23, 2025, being the last date of e-voting.

Looking Ahead

While the specifics of the asset sale by Delhi Duty Free Services Private Limited were not detailed in the available information, the overwhelming shareholder approval suggests strong confidence in the management's decision. This move could potentially have significant implications for GMR Airports Limited's strategic direction and financial position.

GMR Airports Limited continues to demonstrate its commitment to transparency and shareholder engagement. The company has also announced a scheduled conference call with investors and analysts on July 30, 2025, to discuss Q1 FY2026 results, further underlining its proactive approach to stakeholder communication.

GMR Airports Limited , a leading player in the airport infrastructure sector, has announced a significant financial move that is set to make waves in the market. The company is gearing up for a substantial bond issuance, aiming to raise up to ₹6,000 crore through non-convertible bonds.

Bond Issuance Details

According to the latest corporate announcement, GMR Airports is planning to issue INR-denominated non-convertible bonds for an aggregate amount of up to ₹6,000 crore (₹60 billion). This issuance is intended to be carried out in one or more tranches or series on a private placement basis.

Purpose of the Bond Issuance

The primary objective of this significant fundraising initiative is to refinance the company's existing non-convertible bonds. This strategic financial move could potentially help GMR Airports in managing its debt structure more effectively and possibly at more favorable terms.

Upcoming Board Meeting

The company has scheduled a board meeting for July 29, 2025, where the directors will consider and approve this bond issuance plan. The meeting agenda also includes the review and approval of the company's unaudited financial results for the quarter ended June 30, 2025, for both standalone and consolidated financials.

Market Implications

This substantial bond issuance plan by GMR Airports represents a significant move in the corporate bond market. It underscores the company's confidence in its financial position and future prospects, as well as its ability to attract investor interest in the current market environment.

Regulatory Compliance

In line with regulatory requirements, GMR Airports has informed the stock exchanges about the upcoming board meeting and the closure of the trading window for designated persons. The trading window will remain closed until 48 hours after the declaration of the unaudited financial results, ensuring compliance with SEBI regulations on insider trading.

This bond issuance plan by GMR Airports marks a notable development in the infrastructure financing landscape, potentially setting the stage for further market activity in the sector.