GMR AIRPORTS LIMITED has submitted the Exchange about the Voting Results under Regulation 44(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations")
GMRAIRPORT · price
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GMR Airports Limited held its 29th AGM on September 29, 2025, via video conferencing, and shareholders approved all six resolutions with overwhelming majorities. Adoption of FY25 audited financial statements passed with 99.76% support, and re-appointments of directors Grandhi Kiran Kumar (99.84%) and Srinivas Bommidala (99.45%) were cleared. A notable item was the Special Resolution approving fund-raising through Qualified Institutions Placement (QIP) and/or Foreign Currency Convertible Bonds (FCCBs), which passed with 98.61% in favour — the highest dissent came from public institutional investors (6.73% against). M/s. V Sreedharan & Associates was appointed as Secretarial Auditor (99.90% in favour), and material related-party transactions with subsidiary Delhi International Airport Limited for FY26 were also approved. Promoter group (holding ~6.99 billion shares) abstained from voting on the related-party resolution as required.
Routine AGM outcome with no negative surprises; the passing of the QIP/FCCB fund-raising resolution gives the company flexibility to raise fresh equity or convertible capital, which may lead to potential dilution but supports growth funding needs. The relatively higher institutional dissent (6.73% against) on the fund-raising resolution is worth tracking, but overall governance signals remain positive.