Gmr Power And Urban Infra Limited has informed the Exchange regarding Outcome of Board Meeting held on August 22, 2025.
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GMR Power and Urban Infra's board, at its meeting on August 22, 2025, approved an enabling resolution to raise up to ₹3,000 crore in one or more tranches. Funds may be raised via equity shares, non-convertible debentures, warrants, convertible securities, or Foreign Currency Convertible Bonds, through Qualified Institutional Placement or other permitted routes. The board also approved the re-appointment of three Independent Directors — Mr. Shantanu Ghosh, Dr. Fareed Ahmed, and Ms. Suman Naresh Sabnani — for a second term of five years. Both the fundraising plan and the director re-appointments require shareholder approval at the upcoming Annual General Meeting.
The ₹3,000 crore fundraising plan signals a major capital raise ahead, which could lead to equity dilution if shares are issued; investors should watch for the final structure and pricing. The re-appointment of all three Independent Directors is procedural and indicates board continuity.