GMR Airports Limited has announced that CARE Ratings Limited has assigned credit ratings to the company for its banking facilities. The development was communicated to stock exchanges on December 20, 2025, as part of regulatory compliance under SEBI listing obligations.

Credit Rating Details

CARE Ratings Limited assigned its ratings to GMR Airports Limited for banking facilities worth ₹500.00 crores. The rating details are presented below:

Reaffirmation of Existing Ratings

The credit rating agency also reaffirmed its existing ratings for GMR Airports Limited's previously availed facilities. CARE Ratings maintained its ratings of CARE A- Stable for Long Term Bank Facilities and CARE A1 for Short Term Bank Facilities that the company had already availed.

Furthermore, CARE Ratings reaffirmed the rating of CARE A- Stable for the Non-Convertible Bonds issued by the company, indicating consistency in the agency's assessment of the company's creditworthiness.

Regulatory Compliance

The announcement was made in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both BSE Limited and National Stock Exchange of India Limited about the credit rating developments.

GMR Airports Limited noted that copies of the letters issued by CARE Ratings are available on the company's website for stakeholder reference.

GMR Airports Limited has announced a key board change with the resignation of alternate director Antoine Roger Bernard Crombez, effective December 16, 2025. The resignation was submitted with immediate effect, marking a significant development in the company's corporate governance structure.

Director Resignation Details

Mr. Antoine Roger Bernard Crombez, who served as alternate director to Mr. Philippe Pascal, tendered his resignation from the directorship of the company citing personal reasons and other professional commitments. The resignation became effective immediately from December 16, 2025.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. GMR Airports has informed both BSE Limited and National Stock Exchange of India about this board change through proper regulatory filings.

The disclosure includes detailed information as required under the SEBI Master Circular bearing reference number SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has also submitted the original resignation letter received from Mr. Crombez as part of the regulatory documentation.

Resignation Communication

In his formal resignation letter addressed to the Board of Directors, Mr. Crombez expressed his gratitude for the board's support during his tenure. He wished the company continued growth and success in all its future endeavors. The resignation letter was submitted from Paris and requested the board to initiate necessary filings with the Ministry of Corporate Affairs and other relevant authorities.

Corporate Structure Impact

As an alternate director to Mr. Philippe Pascal, a Non-Executive Director on the board, Mr. Crombez's resignation represents a change in the company's board composition. The company secretary and compliance officer, T. Venkat Ramana, has formally communicated this change to the stock exchanges for record purposes.

GMR Airports Limited, formerly known as GMR Airports Infrastructure Limited, continues to maintain its corporate governance standards through proper disclosure and compliance with regulatory requirements during this board transition.