G R Infraprojects announces inter-se transfer of shares within promoter group

Yash Agarwal — Fri, 22 May 2026 10:23:09 +0000

G R Infraprojects Limited has announced a proposed inter-se transfer of equity shares among its promoter group companies. The transfer, scheduled to occur on or after 28th May 2026, involves the gifting of shares among qualifying persons, including immediate relatives and members of the promoter group. This transaction is part of a realignment of shareholding within the family and will not result in any change in voting rights or control over the company.

The acquirers in this transaction are Ajendra Agarwal, Pankaj Agarwal, and Vikas Agarwal, all of whom are members of the promoter group. The shares are being transferred without consideration, as a gift, and the aggregate shareholding and voting rights in G R Infraprojects will remain unchanged. This move is aimed at realigning the shareholding among family members and does not impact the interests of public shareholders.

The company has confirmed that the transferors and transferees will comply with the applicable disclosure requirements as per the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures made in the previous three years prior to the proposed acquisition have been furnished as part of the regulatory compliance.

The inter-se transfer is exempt from making an open offer under the relevant sub-clause of regulation 10(1)(a) of the SEBI SAST Regulations. The shares involved in the transfer are not being acquired for any price, as the transaction is a gift among family members.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ajendra Agarwal | Business Upturn

G R Infraprojects announces inter-se transfer of shares within promoter group