Devki Nandan Agarwal, Vinod Kumar Agarwal, Mahendra Agarwal, Ajendra Agarwal, Purshottam Agarwal, Harish Kumar Agarwal has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
GRINFRA · price
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Awaiting price reaction for this filing.
Six members of the promoter/promoter group of G R Infraprojects Limited (Devki Nandan Agarwal, Vinod Kumar Agarwal, Mahendra Agarwal, Ajendra Agarwal, Purshottam Agarwal, and Harish Kumar Agarwal) have disclosed a proposed inter-se gift transfer of equity shares in promoter group companies — Lokesh Builders Pvt Ltd and the Jasamrit group (Designers, Premises, Fashions, Creations, Construction). The transfers are without any consideration and are part of a realignment of shareholding among immediate relatives and HUFs within the Agarwal family. The actual transfers are scheduled to be executed on or after 27th September 2025. Crucially, the shares being shuffled are in the promoter group holding entities, not in GRIL itself — the aggregate promoter shareholding in GRIL remains unchanged at the existing level (acquirers together hold 29.21%, with promoter group total of 41.05% in the disclosed table). The filing also attaches prior 3-year disclosure history (Sept 2022 OFS sales by Sangeeta, Suman, Kiran, and Lalita Agarwal of ~1.04–1.09% each) as required under the regulation.
This is a routine family-level reorganization of promoter group entities with zero impact on GRIL's shareholding pattern, voting rights, or control. Public shareholders are unaffected, and no material stock price impact is expected.