GMR Airports Limited , a key player in the aviation infrastructure sector, has achieved a significant milestone in its expansion plans. The company has been awarded a contract to develop and operate the Cargo City at Indira Gandhi International Airport in New Delhi, marking a major step in enhancing India's air cargo capabilities.

Project Details

The project, awarded by Delhi International Airport Limited (DIAL), involves the development of state-of-the-art cargo and logistics facilities spanning 50.5 acres within the Indira Gandhi International Airport. This includes:

• A primary development area for immediate use
• An additional 10-acre optional land parcel for future expansion

Contract Terms

The contract comes with favorable terms that position GMR Airports for long-term growth in the air cargo sector:

• Initial Period: The agreement runs until 2036
• Extension Option: Possibility of a 30-year extension beyond the initial period
• Revenue Model: Based on a revenue-sharing arrangement with DIAL
• Minimum Monthly Guarantee: Rs. 415.74 crores payable to DIAL for the initial period

Strategic Implications

This award represents a significant opportunity for GMR Airports to strengthen its position in the air cargo market. The development of the Cargo City is expected to enhance the efficiency of cargo operations at one of India's busiest international airports, potentially leading to increased trade facilitation and economic growth.

Regulatory Compliance

GMR Airports has emphasized its commitment to regulatory compliance in this transaction:

• The deal is structured as a related party transaction on an arm's length basis
• Necessary approvals have been obtained in accordance with SEBI Listing Regulations and the Companies Act, 2013

Company's Financial Moves

In a separate but noteworthy development, GMR Airports has also made strategic financial moves to strengthen its balance sheet. The company recently allotted Non-Convertible Bonds (NCBs) worth Rs. 590.00 crores. Key details of this allotment include:

This financial restructuring, coupled with the new Cargo City project, underscores GMR Airports' focus on both operational expansion and financial optimization.

The development of the Cargo City at Delhi International Airport, along with the company's recent financial maneuvers, positions GMR Airports for potential growth in the aviation infrastructure sector. As the project unfolds, it will be interesting to observe its impact on India's air cargo capabilities and GMR Airports' market position.

GMR Airports Limited (formerly GMR Airports Infrastructure Limited) has announced a special opportunity for shareholders to re-lodge physical share transfer deeds that were previously rejected or returned. This move comes in response to a recent SEBI circular and aims to address outstanding issues related to physical share transfers.

Key Details of the Special Window

• Duration: The special window will be open from July 07, 2025 to January 06, 2026.
• Eligibility: This opportunity is specifically for transfer deeds that were lodged before April 01, 2019, and were subsequently rejected, returned, or not processed due to document deficiencies or other issues.
• Mode of Issuance: Re-lodged securities will be issued only in demat mode.

Process for Shareholders

Shareholders interested in taking advantage of this one-time opportunity are advised to contact the company's Registrar and Share Transfer Agent, KFin Technologies Limited. The company has provided the following contact details for KFin Technologies:

Company's Statement

T. Venkat Ramana, Company Secretary & Compliance Officer of GMR Airports Limited, stated in the official communication, "Relevant shareholders are encouraged to take advantage of this one-time window." This statement underscores the importance of this opportunity for affected shareholders.

Background

This initiative by GMR Airports Limited is in line with the SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD/P/CIRl2025/97 dated July 02, 2025. The move is part of broader efforts to transition from physical shares to electronic or demat form, which offers greater security and ease of trading for investors.

Shareholders of GMR Airports Limited should note that this special window provides a limited-time opportunity to resolve issues with physical share transfers that occurred before the April 01, 2019 deadline. As the company emphasizes, all re-lodged securities will be issued only in demat form, aligning with the current regulatory preference for dematerialized shares.