GMR Airports Limited , a leading global airport operator, has announced a significant restructuring of its board with the appointment of six new directors, including three independent directors. This move comes as the company aims to strengthen its governance and bring in industry veterans and financial experts to guide its future growth.

New Appointments and Resignations

The company has appointed three independent directors:

• Normand Boivin
• Dr. Mathilde Lemoine
• Salil Anil Gupte

Additionally, three non-independent directors have been added to the board. These appointments follow the resignation of independent director Suresh Lilaram Narang, who stepped down due to personal reasons.

Terms of Appointment

All six new directors have been appointed for a five-year term, effective from November 13, 2025. Their appointments are subject to approval by the company's members.

Strategic Implications

This board reshuffle brings a wealth of experience to GMR Airports Limited:

1. Aviation Expertise: The inclusion of industry veterans is likely to enhance the company's strategic decision-making in the rapidly evolving aviation sector.

2. Financial Acumen: The appointment of financial experts may strengthen the company's financial planning and risk management capabilities.

3. Governance Enhancement: The addition of three independent directors underscores GMR Airports' commitment to robust corporate governance practices.

4. Global Perspective: The diverse backgrounds of the new directors may provide valuable insights into international aviation trends and opportunities.

Looking Ahead

As GMR Airports continues to expand its global footprint, this board restructuring appears to be a strategic move to align its leadership with its growth ambitions. The new directors' expertise in aviation, finance, and governance may prove crucial as the company navigates the complex challenges and opportunities in the airport infrastructure sector.

Investors and industry observers will likely be watching closely to see how these new appointments influence GMR Airports' strategic direction and operational performance in the coming years.

GMR Airports Infrastructure Limited (GAL) has unveiled plans to expand its passenger handling capacity to over 400 million by 2030, marking a significant development in India's aviation infrastructure.

Expansion Strategy

The company's growth strategy includes:

• Commissioning new airports, with a focus on the recently opened Mopa Airport in Goa
• Expanding existing facilities, particularly at Hyderabad Airport
• Developing integrated Aerocity ecosystems around Delhi and Goa airports

Financial Performance

GAL reported financial results for Q2 FY2026:

Operational Highlights

• GAL-owned airports handled 27.8 million passengers in Q2 FY2026
• Delhi Airport processed 17.6 million passengers
• Hyderabad Airport saw 7.3 million travelers

Strategic Initiatives

The company is pursuing growth in airport adjacency businesses:

• Took over Delhi Duty Free operations on July 28, 2025
• Assumed control of Hyderabad Duty Free on September 10, 2025
• Awarded a concession to develop and operate the Cargo City at Delhi's Indira Gandhi International Airport

Refinancing Activities

GAL has undertaken refinancing efforts to optimize its debt structure:

• Raised ₹5,900.00 crore through Non-Convertible Bonds
• Delhi International Airport Limited (DIAL) raised ₹1,000.00 crore via Non-Convertible Debentures

Regulatory Developments

The company received a judgment from the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) regarding tariff-related matters for its Mopa (Goa) Airport operations.

Infrastructure Development

GAL continues to progress on several infrastructure projects:

• Delhi Airport: Constructing a commercial office building and a luxury hotel
• Hyderabad Airport: Nearing completion of an MRO facility for Safran
• Mopa (Goa) Airport: Developing third-party hotel projects

Outlook

With its expansion plans and financial performance, GMR Airports Infrastructure aims to capitalize on the growing demand for air travel in India and contribute to the country's aviation infrastructure development.