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.

GR Infraprojects Limited has announced a significant milestone in its infrastructure development efforts. The company's wholly owned subsidiary, GR Govindpur Rajura Highway Private Limited, has successfully completed a major highway project in Maharashtra, marking a noteworthy achievement in the expansion of India's road infrastructure.

Project Details

The project involves the four-laning of an existing two-lane stretch of National Highway 353B (NH-353B) in Maharashtra. Here are the key details of the completed project:

• Stretch: From Govindpur (MH/TG Border) to Rajura
• Length: 56.101 km (Design Length)
• Project Cost: ₹907.00 crore
• Mode: Hybrid Annuity Mode (HAM) under NH (O)

Completion and Certification

The Independent Engineer issued a Provisional Completion Certificate on September 12, 2025, declaring the project fit for commercial operation. The official date of entry into commercial operation is set as September 11, 2025.

Project Timeline

This swift execution, with the project being completed in less than three years from the appointed date, demonstrates GR Infraprojects' efficiency in project delivery.

Significance

The completion of this highway project is expected to significantly improve connectivity and transportation in the region. The four-laning of the existing two-lane stretch will likely enhance road safety, reduce travel time, and boost economic activities along the corridor.

Company Statement

In its communication to the stock exchanges, GR Infraprojects stated, "We are pleased to inform you that the project... has been provisionally completed." This announcement, made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscores the company's commitment to transparent communication with its stakeholders.

The successful completion of this ₹907.00 crore project adds to GR Infraprojects' portfolio of infrastructure developments and reinforces its position in the highway construction sector. As India continues to focus on improving its road infrastructure, companies like GR Infraprojects play a crucial role in realizing these national objectives.