G R Infraprojects Limited has disclosed a significant inter se transfer of equity shares among its promoter group, amounting to 9.15% of the company’s diluted share capital. The transfer, executed on 27th and 30th March 2026, involved immediate relatives within the promoter group and was carried out by way of a gift, with no consideration exchanged.
The transaction, aimed at realigning shareholding among family members, did not result in any change in the aggregate shareholding and voting rights of the promoter group in the company. Consequently, the interests of public shareholders remain unaffected.
The acquirers involved in this transfer include Mrs. Laxmi Devi Agarwal, Mrs. Suman Agarwal, Mrs. Ritu Agarwal, Mrs. Kiran Agarwal, and Mrs. Sangeeta Agarwal. Post-transaction, Mrs. Suman Agarwal’s shareholding increased to 6.16%, while Mrs. Laxmi Devi Agarwal’s rose to 2.17%. Mrs. Ritu Agarwal, Mrs. Kiran Agarwal, and Mrs. Sangeeta Agarwal now hold 1.04%, 2.58%, and 2.58% respectively.
The company confirmed compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, by submitting the necessary disclosures to the stock exchanges within the stipulated timeline. The initial disclosure under regulation 10(5) was filed on 19th March 2026, four working days prior to the acquisition.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).