GMR Power & Urban Infra Limited has successfully completed a significant fundraising exercise through preferential allotment of equity shares and convertible warrants. The company announced on January 28, 2026, that its Management Committee approved the allotment following receipt of shareholder approval through postal ballot and in-principle approval from stock exchanges on January 16, 2026.

Allotment Details

The company completed the allotment of securities at an issue price of Rs 120.88 per share, including a premium of Rs 115.88 over the face value of Rs 5.00. The allotment comprised two components:

The convertible warrants can be converted into equivalent equity shares within 18 months from the allotment date upon payment of the remaining 75% consideration amount.

Investor Composition

The allotment was made to three strategic investors across different categories:

Capital Structure Impact

The preferential allotment has resulted in a significant expansion of the company's equity base. The paid-up equity share capital increased from Rs 3,57,41,80,970 comprising 71,48,36,194 fully paid-up equity shares to Rs 3,90,50,87,645 comprising 78,10,17,529 fully paid-up equity shares of Rs 5.00 each.

Upon full conversion of the outstanding warrants, the company's paid-up capital will further increase to Rs 4,07,05,40,985, comprising 81,41,08,197 equity shares of Rs 5.00 each. This represents a substantial increase in the company's equity base and provides additional financial resources for business operations.

Regulatory Disclosure and Shareholding Impact

Hyderabad Jabilli Properties Private Limited, a promoter group entity, has filed the required disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on January 30, 2026. The disclosure provides detailed shareholding information:

The entity is associated with 24 Persons Acting in Concert (PAC), including key promoter family members such as Mr. Mallikarjuna Rao Grandhi, Mrs. Varalakshmi Grandhi, and various family trusts and group companies.

Regulatory Compliance

The allotment process followed all regulatory requirements under SEBI regulations. The newly allotted equity shares will rank pari-passu in all respects with existing equity shares of the company. GMR Power & Urban Infra Limited has indicated that it will apply to stock exchanges for listing and trading approval for the newly allotted shares in due course.

The Management Committee meeting that approved the allotment was conducted on January 28, 2026, from 10:30 AM to 11:00 AM, demonstrating the company's commitment to timely execution of the fundraising plan approved by the Board of Directors on December 17, 2025.

GMR Power and Urban Infra Limited has announced the incorporation of a new wholly owned subsidiary focused on solar power development in Odisha. The company disclosed this development to stock exchanges under regulatory compliance requirements.

New Solar Power Subsidiary Formation

GMR Energy Limited, a wholly owned subsidiary of GMR Power and Urban Infra Limited, has incorporated GMR Utkal Solar Power Limited (GUSPL) as its wholly owned subsidiary. The new entity was incorporated on December 29, with the Certificate of Incorporation received on December 30.

Investment Structure and Shareholding

The subsidiary formation involved subscription to 10,000 shares of ₹10.00 each through the Memorandum of Association. GMR Energy Limited currently holds 100% stake in GUSPL, making it an indirect wholly owned subsidiary of GMR Power and Urban Infra Limited.

Project Objectives and Business Focus

GMR Utkal Solar Power Limited has been established specifically for the development of solar power projects in Kamalanga, Odisha. The subsidiary operates in the renewable energy sector, focusing on generation and transmission of solar power infrastructure.

The company clarified that the incorporation does not fall within the purview of related party transactions. The promoter, promoter group, and group companies do not have any direct interest in the entity except for indirect shareholding through the existing corporate structure.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, and SEBI Circular. The company confirmed that no specific governmental or regulatory approvals were required for this incorporation, as it was completed through the standard subsidiary formation process.