G R Infraprojects Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
GRINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
G R Infraprojects Limited has announced the results of its postal ballot concluded on 20th March 2026, with shareholders approving both special resolutions. The first resolution, approving the granting of loans and/or providing guarantees or security under Section 185 of the Companies Act, 2013, was passed with 92.50% votes in favour (8.63 crore shares) against 7.50% (69.89 lakh shares), with 96.37% of outstanding shares participating in the vote. The second resolution, approving the sale or disposal of GR Ena Kim Expressway Private Limited (a material subsidiary), was passed with a stronger mandate of 98.02% in favour (6.28 crore shares) against just 1.98% (12.70 lakh shares), with 66.20% of outstanding shares voting. As of the cut-off date of 13th February 2026, the company had 61,206 eligible shareholders, and the promoter group was not interested in either resolution.
The approval to sell GR Ena Kim Expressway, a material subsidiary, is the more significant outcome and could lead to a sizeable divestment that may unlock value or reduce debt for the company. The Section 185 approval gives the company operational flexibility to extend loans or guarantees. The strong voting margins, especially on the subsidiary sale, suggest broad shareholder support for management's strategic direction.