GR Infraprojects Limited has announced the resignation of a senior management personnel, marking a significant leadership transition within the infrastructure development company.

Executive Departure Details

Mr. Sibanarayan Nayak, President-Corporate Affairs and Development, has resigned from his position effective December 31, 2025. The resignation was formally submitted via email on November 2, 2025, and has been accepted by the company's management.

Reasons for Resignation

According to the official communication, Mr. Nayak cited personal reasons for his departure. In his resignation email, he stated his intention to "move toward a more relaxed work life, along with pursuing certain social and developmental engagements close to my heart." The company has confirmed that there are no material reasons behind the resignation.

Current Responsibilities and Transition

Mr. Nayak was handling critical operational areas within the organization:

• Tower Manufacturing Plant operations
• BOP (Balance of Plant) initiatives

To ensure business continuity, he has requested that a suitable replacement be assigned to work alongside him during the remaining period for proper handover of responsibilities. This approach aims to maintain seamless operations during the leadership transition.

Company's Response

GR Infraprojects has formally acknowledged Mr. Nayak's contributions to the organization. The company stated: "The Company places on record its sincere appreciation for the valuable contributions and dedicated service rendered by Mr. Nayak during his tenure as President-Corporate Affairs and Development."

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about this senior management change, ensuring full transparency with stakeholders and regulatory authorities.

GR Infraprojects Limited has achieved a significant milestone with the provisional completion of a major highway upgradation project in Gujarat. The company announced that its wholly owned subsidiary, GR Bhimasar Bhuj Highway Private Limited, has received the Provisional Completion Certificate for the NH-341 highway project.

Project Details and Scope

The completed project involves the upgradation to four lanes with paved shoulder of NH-341 from Bhimasar, Junction of NH-41 to Anjar-Bhuj up to Airport Junction. The highway project spans a total distance of 65.478 kilometers in the State of Gujarat and is being executed under the hybrid annuity mode.

Completion Timeline and Certification

The Independent Engineer issued the Provisional Completion Certificate, officially declaring the project fit for entry into commercial operation. The project has been deemed commercially operational, indicating that the highway is now ready for public use.

Regulatory Compliance and Corporate Structure

GR Infraprojects Limited has fulfilled its regulatory obligations by notifying both BSE Limited and National Stock Exchange of India Limited about this project completion under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project execution was carried out through GR Bhimasar Bhuj Highway Private Limited, which operates as a wholly owned subsidiary of the parent company.

Strategic Significance

This highway project represents a substantial infrastructure development initiative in Gujarat, connecting key locations from Bhimasar to the airport junction in the Bhuj region. The four-lane upgradation with paved shoulders is designed to enhance connectivity and transportation efficiency in the region. The hybrid annuity mode of execution demonstrates the company's capability to handle complex infrastructure projects under public-private partnership frameworks.