G R Infraprojects Limited has informed the Exchange regarding 'Disclosure under Regulation 10(5) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.
GRINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
G R Infraprojects has disclosed a proposed inter-se transfer of 88,47,393 equity shares (9.15% of paid-up capital) by way of gift between promoter group members, scheduled to execute on or after 27th March 2026. The acquirers are five women from the promoter family — Laxmi Devi Agarwal, Suman Agarwal, Ritu Agarwal, Kiran Agarwal, and Sangeeta Agarwal — while sellers include Devki Nandan Agarwal, Vinod Kumar Agarwal, Purshottam Agarwal, Harish Kumar Agarwal, and others. Several sellers (Pankaj, Puja, Vikas, Rupal, Vinod Kumar, Lokesh Agarwal) will fully exit their holdings (going to 0%), while others will retain partial stakes. The 60-day VWAP reference price stands at Rs. 961.83. The company states the aggregate promoter group voting rights remain unchanged, and the transfer is part of family-level shareholding realignment, falling under the Regulation 10(1)(a)(i) exemption. Together with earlier 2025-26 inter-se transfers, the cumulative transfers breach the Regulation 3 takeover threshold but are exempt as inter-family transfers.
This is an internal promoter group reshuffle via gift (no cash transaction, zero price) — aggregate promoter shareholding and voting rights in the company remain unchanged, so there is no direct impact on public shareholders or the stock price. However, it signals a significant realignment of shareholding among family members, with some promoter entities fully exiting individual holdings.