G R Infraprojects Limited has informed the Exchange that Board of Directors at its meeting held on February 13, 2026, declared Interim Dividend of Rs. 2.50 per equity share and approval of Non-Binding Counter Offer received from Indus Infra Trust.
GRINFRA · price
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G R Infraprojects' board, at its meeting on 13th February 2026, approved an interim dividend of ₹2.50 per equity share (face value ₹5) for FY25-26, with a record date of 19th February 2026. In a separate key decision, the board approved a non-binding counter offer from Indus Infra Trust to acquire 100% stakes in three wholly-owned subsidiaries — GR Ena Kim Expressway (contributing 10.19% of consolidated turnover, ~₹75,384 lakhs), GR Bilaspur Urga Highway (8.20%, ~₹60,616 lakhs), and GR Ujjain Badnawar Highway (4.30%, ~₹31,813 lakhs). Together, these three subsidiaries represent roughly 22.7% of the company's consolidated revenue. The buyer, Indus Infra Trust, is a related party, but the transaction is proposed at arms' length. Definitive agreements are yet to be signed, and completion is expected by 30th April 2026, subject to shareholder, unitholder, and regulatory approvals. A postal ballot notice was also revised for shareholder voting.
Shareholders benefit from an interim dividend payout, and the divestments signal the company is monetizing toll-road assets to free up capital. However, the sale of subsidiaries contributing nearly a quarter of revenue to a related-party trust may raise governance questions, and the deal value has not been disclosed yet — clarity on consideration will be a key driver of stock reaction.