G R Infraprojects Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
GRINFRA · price
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The Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the statutory auditor (S R B C & Co LLP) issuing an unmodified opinion. The Board appointed M/s Rajendra Singh Bhati & Co. as Cost Auditor for FY26 and M/s Ronak Jhuthawat & Co. as Secretarial Auditor for a 5-year term (FY26-FY30). It also recommended the re-appointment of Mr. Rajendra Kumar Jain as Independent Director and Mr. Vikas Agarwal as Wholetime Director, both for 5-year terms effective April 1, 2026, subject to shareholder approval. The auditor flagged an Emphasis of Matter on an ongoing EPF (Employee Provident Fund) case pending before the Gauhati High Court related to the 2018 EPF amendment compliance, where the company has deposited ~Rs 9 crore. FY25 results reflect large exceptional gains from the sale of 7 subsidiary road assets to Indus Infra Trust (InvIT), including a 21% stake sale in GR Phagwara Expressway and full stake sales in 6 other road SPVs, monetizing ~Rs 2,800+ crore in assets.
Significant asset monetization through the InvIT route continues to boost earnings with large exceptional items, while the unresolved EPF case in the Gauhati High Court remains a regulatory overhang. Director re-appointments indicate leadership continuity. Investors should watch the consolidated core operating performance (excluding exceptional gains) and the outcome of the EPF litigation.