GR Infraprojects Limited, a prominent player in the infrastructure sector, has received shareholder approval for significant amendments to its Memorandum of Association, marking a strategic expansion of its business scope. The changes, approved at the company's 29th Annual General Meeting (AGM) held on September 19, 2025, reflect GR Infraprojects' ambition to capitalize on emerging opportunities in the infrastructure and energy sectors.

Expanding Horizons in Infrastructure and Energy

The alterations to the Object Clause of the company's Memorandum of Association broaden GR Infraprojects' operational scope, particularly in the realms of energy and advanced infrastructure projects. Key additions to the company's business activities include:

Enhanced Power Generation Capabilities

• Solar energy
• Battery energy storage systems (BESS)
• Pump storage projects (PSP)
• Hybrid power plants
• Solar inverters and batteries
• Advanced metering infrastructure

Manufacturing Expansion

• Electric panels
• Cabinets
• Other electrical equipment

These amendments aim to provide a clearer scope for various business operations and align the company with emerging opportunities in the infrastructure and energy sectors.

Shareholder Approvals and Corporate Governance

At the AGM, shareholders also approved several other significant resolutions:

1. Re-appointment of Mr. Vikas Agarwal as a Wholetime Director for a term of five years, effective from April 1, 2026, to March 31, 2031.
2. Re-appointment of Mr. Rajendra Kumar Jain as an Independent Director for a second term of five consecutive years, from April 1, 2026, to March 31, 2031.
3. Appointment of M/s. Ronak Jhuthawat & Co. as the Secretarial Auditors for a term of five consecutive financial years, from 2025-26 to 2029-30.
4. Ratification of remuneration payable to Cost Auditors for the Financial Year 2025-26.

Looking Ahead

The approved changes to GR Infraprojects' business scope position the company to leverage opportunities in renewable energy and advanced infrastructure projects. This strategic pivot aligns with global trends towards sustainable and technologically advanced infrastructure development.

As GR Infraprojects embarks on this expanded business trajectory, industry observers will be keen to see how these new ventures contribute to the company's growth and market position in the coming years.

GR Infraprojects Limited, a prominent player in the road construction industry, held its 29th Annual General Meeting (AGM) on September 19, where shareholders approved key resolutions, including the re-appointment of two directors for extended terms.

Director Re-appointments

The shareholders gave their nod to the re-appointment of Vikas Agarwal as Wholetime Director and Rajendra Kumar Jain as Independent Director. Both directors have been re-appointed for second terms of five consecutive years, effective from April 1, 2026, to March 31, 2031.

Vikas Agarwal: Wholetime Director

Vikas Agarwal, who has been re-appointed as Wholetime Director, brings over 21 years of experience in the road construction industry to the company. In his role, Agarwal is responsible for overseeing the functioning of GR Infraprojects' ongoing projects. His expertise has been instrumental in the timely completion of numerous projects under his supervision.

Rajendra Kumar Jain: Independent Director

Rajendra Kumar Jain, re-appointed as an Independent Director, is a Corporate Advisor specializing in GST and Corporate Law. With more than 30 years of post-qualification experience, Jain currently serves as the Honorary Secretary General of Mewar Chamber of Commerce & Industry, a position he has held since 2017.

Other AGM Proceedings

The AGM, conducted through video conferencing, saw the approval of several other resolutions:

1. Adoption of audited standalone and consolidated financial statements for the year ended March 31.
2. Confirmation of an interim dividend of Rs. 12.50 per equity share as the final dividend.
3. Ratification of remuneration for Cost Auditors.
4. Appointment of M/s. Ronak Jhuthawat & Co. as Secretarial Auditors.
5. Alteration of the object clause in the Memorandum of Association.

Voting Results

The resolutions were passed with significant majority support:

The strong shareholder support for these resolutions, particularly the re-appointment of the directors, indicates confidence in the company's leadership and strategic direction.

GR Infraprojects Limited continues to strengthen its position in the infrastructure sector, with experienced leadership at its helm to guide future growth and project execution.