G R Infraprojects has successfully completed the transfer of its wholly owned subsidiary GR Bahadurganj Araria Highway Private Limited to Indus Infra Trust on December 30, 2025. The company informed stock exchanges about the completion of the transaction, which was originally agreed upon through a Share Purchase Agreement on December 29, 2025.

Transaction Completion and Regulatory Compliance

Following the receipt of consideration from Indus Infra Trust, G R Infraprojects confirmed that GBAHPL would cease to be its wholly owned subsidiary with effect from December 30, 2025. The transaction was completed in compliance with Regulation 30 and other applicable regulations of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Financial Contribution and Asset Profile

GR Bahadurganj Araria Highway Private Limited contributed ₹238.48 crore (3.14%) to G R Infraprojects' consolidated income and ₹38.41 crore (0.45%) to consolidated net worth as of March 31, 2025. The subsidiary operates a strategic 44.98 km four-lane highway section (NH-327E) on the Bahadurganj-Araria route in Bihar under the Hybrid Annuity Mode.

Related Party Transaction Details

The transaction was classified as a related party transaction since Indus Infra Trust is a related party of G R Infraprojects. However, the company confirmed that the transaction was conducted at arm's length pricing. Indus Infra Trust, headquartered at Seventh Floor, GR One Tower, Plot No. 7B, Sector 18, Gurugram, Haryana, does not belong to the promoter/promoter group/group companies of G R Infraprojects Limited.

Strategic Impact

The disposal represents the successful execution of G R Infraprojects' strategic divestment plan, with the subsidiary being classified as non-material prior to the transfer. The transaction strengthens Indus Infra Trust's highway asset portfolio while allowing G R Infraprojects to optimize its subsidiary structure. The highway asset, incorporated on March 11, 2021, operates as part of the Bharatmala Pariyojana initiative with a 15-year operation period.

Indus Infra Trust , formerly known as Bharat Highways InvIT, has announced the formation of a new Investment Committee as part of its governance structure. The decision was made by the Board of Directors of GR Highways Investment Manager Private Limited, which acts as the Investment Manager for the trust.

Committee Composition

The newly constituted Investment Committee comprises four members:

Notably, three out of the four committee members hold positions as independent directors, ensuring a strong independent oversight in the committee's decision-making process.

Regulatory Compliance

This development was disclosed in accordance with Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The formation of the Investment Committee demonstrates Indus Infra Trust's commitment to robust governance practices and strategic investment management.

Trust Details

Indus Infra Trust focuses on infrastructure investments. The trust is managed by GR Highways Investment Manager Private Limited, which oversees its operations and investment strategies.

The establishment of this Investment Committee with a majority of independent members is likely to enhance the trust's decision-making processes and potentially boost investor confidence in its governance structure.

Mohnish Dutta, Company Secretary & Compliance Officer (ICSI M. No. FCS 10411), has officially communicated this development to the stock exchanges on behalf of Indus Infra Trust.

This strategic move underscores the trust's focus on maintaining high standards of corporate governance and ensuring that investment decisions are made with independent oversight, which is crucial in the infrastructure investment sector.