Shakuntala Devi Gupta has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
GRINFRA · price
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Mrs. Shakuntala Devi Gupta, a member of the promoter group of G R Infraprojects, has informed the exchanges about a proposed inter-se transfer of 21,00,000 equity shares (2.17% of share capital) by way of gift from Mr. Manish Gupta, an immediate relative. The transfer is scheduled to be executed on or after 25th March 2026, with no consideration involved as it is a gift transaction. Mrs. Gupta currently holds 0% in the company and will move to 2.17% post-transfer, while Mr. Manish Gupta's holding will reduce from 2.74% to 0.57%. The aggregate promoter and promoter group shareholding and voting rights in the company will remain unchanged, and no open offer is triggered as the transfer is below the takeover threshold.
This is a routine internal reshuffling of shares within the promoter family and has no impact on the company's total promoter shareholding or on public shareholders. No material effect on the stock price is expected as no shares are being sold into the market.