GR Infraprojects Limited (GRIL), a leading infrastructure development company, announced a significant change in its leadership. Vinod Kumar Agarwal, the Chairman and Whole-time Director of the company, has tendered his resignation, effective November 10, 2025, due to health reasons.

A Legacy of Leadership

Agarwal, who has been associated with GRIL since its inception in 1995, served as one of its founders and promoters for nearly three decades. His tenure saw the company grow from modest beginnings to become a prominent player in India's infrastructure sector.

Reason for Resignation

In his resignation letter, Agarwal cited health issues that have limited his ability to devote the necessary time and attention to the company's affairs. He expressed that this decision was made with a heavy heart, acknowledging the remarkable journey of GRIL under his leadership.

Gratitude and Future Outlook

Agarwal extended his heartfelt gratitude to the Board, management, employees, and shareholders for their unwavering trust and support throughout his long association with the company. He expressed confidence in the leadership team's ability to steer GRIL towards even greater heights in the future.

Corporate Governance and Disclosure

In compliance with regulatory requirements, GRIL has informed the stock exchanges about this directorate change, as mandated under SEBI listing regulations. The company provided the following details in its regulatory filing:

Market Impact

As this news reaches the market, investors and industry observers will be closely watching how GRIL manages this transition in leadership. The company's ability to maintain its growth trajectory and strategic direction in the absence of its long-standing chairman will be of key interest to stakeholders.

GRIL's board will likely initiate the process of identifying a suitable successor to fill the vital role left by Agarwal's departure. The company's future announcements regarding leadership changes will be crucial for understanding its path forward.

This development marks the end of an era for GR Infraprojects Limited and opens a new chapter in the company's history. As the infrastructure sector continues to play a pivotal role in India's economic growth, GRIL's ability to navigate this transition will be critical for its continued success in the industry.

GR Infraprojects Limited (GRIL), a leading infrastructure development company, has reported positive financial results for the second quarter of fiscal year 2026.

Revenue and Profit Growth

For Q2FY26, GRIL reported:

• Consolidated revenue of ₹13.50 billion, marking a 7% year-over-year increase
• Profit after tax (PAT) of ₹1.30 billion, also growing by 7% year-over-year

This growth demonstrates the company's strong project execution capabilities and robust order book.

Order Book and Future Outlook

As of the end of the quarter, GR Infraprojects' order book stood at ₹21,114.00 crore, providing strong revenue visibility for the coming quarters. The company is expanding its presence beyond its core infrastructure segment, venturing into power, rail, and metro segments.

Strategic Initiatives

GR Infraprojects has implemented several strategic initiatives to strengthen its financial position and improve operational efficiency:

1. Asset Monetization: The company has successfully monetized 9 HAM (Hybrid Annuity Model) assets, which has helped to strengthen its balance sheet.

2. Design-led Execution: GRIL is focusing on design-led execution to improve project efficiency and delivery times.

3. Working Capital Optimization: The company is implementing strategies to optimize its working capital, which should help improve cash flow and financial flexibility.

4. Backward Integration: GRIL is pursuing backward integration strategies, which may help in controlling costs and improving margins.

Operational Performance

The company's focus on operational excellence is evident in its strategies aimed at driving margins and enabling faster project delivery. These initiatives, combined with the strong order book, position GR Infraprojects well for multi-year growth.

Conclusion

GR Infraprojects' Q2FY26 results present a picture of steady growth in both revenue and profitability. The company's strong order book position, strategic initiatives, and expansion into new segments indicate a positive outlook for future growth. However, investors may want to monitor the company's ability to maintain this growth trajectory and successfully execute its diversification strategy in the coming quarters.

Note: All figures are based on the reported financial results for Q2FY26.