GR Infraprojects Limited (GRIL) has announced a significant development in its project portfolio. The company has secured a contract for the construction of the Giridih Bypass road in Jharkhand, valued at ₹290.23 crore.

Project Details

The company received the Letter of Acceptance (LOA) from the State Highways Authority of Jharkhand. Here are the key details of the project:

Project Significance

This project marks an important addition to GR Infraprojects' order book. The Giridih Bypass construction is expected to improve connectivity and facilitate smoother traffic flow in the region. As an EPC project, it showcases GRIL's capabilities in handling end-to-end infrastructure development.

Company's Disclosure

In line with regulatory requirements, GR Infraprojects has promptly disclosed this information to the stock exchanges. The company has stated that it will provide further updates on any developments related to this project.

Market Impact

Infrastructure projects of this scale often contribute positively to a company's growth prospects. Investors and market analysts may view this contract as a sign of GR Infraprojects' continued ability to secure significant projects in the competitive infrastructure sector.

As the project unfolds, stakeholders will likely keep a close eye on its progress and its potential impact on the company's financial performance in the coming quarters.

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:

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.