Appointment of Additional Director of the Company.
GRINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
G R Infraprojects Limited's board meeting on May 11, 2026 approved multiple changes: Mr. Ajendra Kumar Agarwal was elevated to Chairman in addition to his Managing Director role, Mr. Ashwin Agarwal was appointed as Additional Director (Whole Time Director) for 5 years, and Mr. Rajan Malhotra was recommended for re-appointment as Independent Director. Mr. Desh Raj Dogra ceased as Independent Director upon completion of his second term. Financially, FY2026 standalone revenue grew 21% to Rs 7,62,022 lakhs with PAT up 23% at Rs 99,606 lakhs, while Q4 PAT stood at Rs 41,727 lakhs. The company also sold four wholly-owned subsidiaries to Indus Infra Trust during the year, generating exceptional gains. Cost auditors M/s Rajendra Singh Bhati & Co. were appointed for FY2027 at Rs 1.25 lakhs remuneration.
Strong financial performance with 21-23% growth in revenues and profits is positive for shareholders. The appointment of Mr. Ashwin Agarwal as Whole Time Director and Mr. Ajendra Kumar Agarwal as Chairman consolidates leadership, which could provide stability. The exit of Mr. Desh Raj Dogra after completing his terms is routine. The Income Tax search in October 2025 remains a minor concern but no material impact has been recognized.