Intimation of Appointment of Chairman of the Company.
GRINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
G R Infraprojects Ltd held a Board meeting on 11th May 2026 approving multiple items. Mr. Ajendra Kumar Agarwal, the existing Managing Director, has been appointed as Chairman of the Company in addition to his current role. Mr. Ashwin Agarwal has been appointed as an Additional Director designated as Whole Time Director for a 5-year term. Mr. Rajan Malhotra has been re-appointed as Independent Director for a second term of 5 years, subject to shareholder approval. Mr. Desh Raj Dogra has ceased to be an Independent Director upon completion of his two terms. The company also reported strong FY2026 financial results with revenue from operations of Rs 7,62,022 lakhs (up 20.7% YoY) and profit after tax of Rs 99,606 lakhs (up 23.5% YoY). EPS for FY2026 stands at Rs 102.95.
The appointment of Ajendra Kumar Agarwal as Chairman consolidates leadership and shows confidence in the existing management team. The strong financial performance with ~23.5% growth in net profit is positive for shareholders. The regulatory matters (NHAI inquiry and IT search) remain pending but auditors gave unmodified opinion.