Re-appointment of Independent Director for second term.
GRINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
G R Infraprojects held its Board meeting on 11th May 2026 approving several matters. The company reported strong FY2026 financials with revenue of Rs 7,62,022 lakhs (up 21% from Rs 6,31,557 lakhs) and profit after tax of Rs 99,606 lakhs (up 23% from Rs 80,661 lakhs). EPS for the year stands at Rs 102.95. Key board changes include: appointment of Ajendra Kumar Agarwal as Chairman (in addition to Managing Director); re-appointment of Rajan Malhotra as Independent Director for a second 5-year term from May 2027 pending shareholder approval; appointment of Ashwin Agarwal as Whole Time Director; and Mr. Desh Raj Dogra completing his second term as Independent Director and ceasing to be a director. The auditors issued an unmodified opinion on the financial results. Cost auditors M/s Rajendra Singh Bhati & Co. were appointed for FY2026-27 at Rs 1.25 lakhs remuneration.
The company showed healthy growth with ~21% revenue increase and ~23% profit growth, signaling strong operational performance. The appointment of a Chairman and addition of a Whole Time Director provides leadership continuity. The departure of one independent director is routine (term completion) and offset by re-appointment of another.