GR Infraprojects Limited has submitted additional details to BSE Limited regarding a delayed corporate announcement concerning changes in senior management, following observations raised by the exchange.

Regulatory Compliance Clarification

The company addressed concerns regarding its corporate announcement submitted on January 6, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission was made in response to BSE's requirement for additional details as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Timeline Interpretation Issues

GR Infraprojects explained that the delay in reporting the senior management personnel resignation within 24 hours of the effective resignation date was inadvertent. The company cited specific reasons for the delayed disclosure:

• Ambiguity in interpretation of applicable timeline requirements
• Confusion between 24-hour and 7-day disclosure periods
• Different provisions under Regulation 30 and Schedule III of SEBI (LODR) Regulations, 2015

Company's Response and Commitment

The infrastructure company emphasized its commitment to regulatory compliance and transparency. Key points from their clarification include:

• No intention to delay or withhold material information from stakeholders
• Prompt disclosure made after obtaining clarity on applicable requirements
• Internal review conducted to prevent future compliance issues
• Request for exchange to acknowledge the explanation

The submission was signed by Company Secretary Sudhir Mutha on January 9, 2026, reaffirming the company's dedication to maintaining proper disclosure standards and regulatory compliance going forward.

GR Infraprojects Limited has announced a significant milestone in its highway development portfolio with the issuance of Provisional Completion Certificate-II for its Bilaspur-Urga highway project. The company's wholly owned subsidiary, GR Bilaspur Urga Highway Private Limited, has achieved provisional completion of an additional section of the strategic highway project under the Bharatmala Pariyojana.

Project Completion Details

The Independent Engineer has issued Provisional Completion Certificate-II for an additional project section length of 13.895 km, bringing the total completed length to 69.015 km out of the project's total length of 70.200 km. The completed section has been provisionally declared fit for entry into commercial operation with effect from June 30, 2025.

Project Overview

The project involves 4-laning of the Bilaspur-Urga section of NH-130A from design Ch. 0+00 to Ch. 70+200, spanning from NH-49 near Dheka Village to Bhaisma Village. This highway development is part of the Bharatmala Pariyojana under Lot-3/Chhattisgarh/Pkg-I of the Raipur-Dhanbad Economic Corridor in Chhattisgarh state.

Strategic Significance

This highway project forms a crucial component of the Bharatmala Pariyojana, India's flagship highway development program aimed at optimizing freight and passenger movement across the country. The Raipur-Dhanbad Economic Corridor, under which this project falls, is designed to enhance connectivity and economic development in the region.

The project is being executed on Hybrid Annuity Mode, a public-private partnership model that combines features of both Engineering, Procurement and Construction (EPC) and Build-Operate-Transfer (BOT) models. Under this arrangement, the government provides 40% of the project cost during construction, while the remaining 60% is paid as annuity over the operational period.

Regulatory Compliance

The announcement was made in accordance with the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about this development, ensuring transparency and compliance with regulatory requirements for listed entities.

With the completion of 69.015 km out of the total 70.200 km length, the project stands at approximately 98.31% completion, marking substantial progress toward full operational status of this important highway infrastructure.