The Board of GR Infraprojects Limited, in its meeting on February 13, 2026, declared an Interim Dividend of ₹2.50 per equity share for FY 2025-26, with a record date set for February 19, 2026. Furthermore, the Board approved the proposal to divest 100% equity stake in three wholly-owned subsidiaries: GR Ena Kim Expressway Private Limited (GEKEPL), GR Bilaspur Urga Highway Private Limited (GBUHPL), and GR Ujjain Badnawar Highway Private Limited (GUBHPL) to Indus Infra Trust.
Key Decisions from the Board Meeting
GR Infraprojects Limited announced the key outcomes of its Board of Directors meeting held on February 13, 2026. The Board unanimously approved several significant resolutions concerning shareholder returns and strategic divestment of assets.
Interim Dividend Declaration
The Board declared an Interim Dividend of ₹2.50 per equity share, based on the face value of ₹5 per share, for the Financial Year 2025-26. The established record date for determining eligible shareholders for this dividend payment is Thursday, February 19, 2026. Payment will adhere to the timelines prescribed under law.
Strategic Divestment of Subsidiaries
The Board also approved the proposal for the divestment of 100% Equity stake in three wholly-owned subsidiaries, subject to shareholder approval:
- GR Ena Kim Expressway Private Limited (GEKEPL). As of the announcement date, G R Infraprojects Limited held 100% of the capital. GEKEPL is classified as a material subsidiary.
- GR Bilaspur Urga Highway Private Limited (GBUHPL). G R Infraprojects held 100% stake (4,10,00,000 equity shares).
- GR Ujjain Badnawar Highway Private Limited (GUBHPL). G R Infraprojects held 100% stake (90,00,000 equity shares).
Neither GBUHPL nor GUBHPL are considered material subsidiaries of the Company.
Divestment Details: Buyer and Transaction Terms
The buyer identified for all three entities is Indus Infra Trust, which is confirmed to be a related party of the Company. The transaction is proposed to be conducted at “arms’ length”.
Impact of GEKEPL Divestment
For the financial year ending March 31, 2025, GEKEPL contributed:
- Consolidated Turnover: Amounting to ₹75,384 Lakhs, representing 10.19%.
- Consolidated Net Worth: Amounting to ₹8255.86 Lakhs, representing 0.97%.
Impact of GBUHPL and GUBHPL Divestment
For the financial year ending March 31, 2025, the combined contribution of the two highway companies to the Consolidated figures was:
- Consolidated Turnover: GBUHPL contributed ₹60,616.12 Lakhs (8.20%), and GUBHPL contributed ₹31,813.35 Lakhs (4.30%).
- Consolidated Net Worth: GBUHPL contributed ₹10,242.46 Lakhs (1.21%), and GUBHPL contributed ₹2,111.37 Lakhs (0.25%).
Transaction Timeline and Approvals
The expected date of completion for the sale/disposal of all three subsidiaries is set for On or before April 30, 2026. This is conditional upon approvals from the Unitholders of Indus Infra Trust, receipt of a binding offer, and obtaining necessary governmental and regulatory clearances.
Shareholder Communication
The Board also approved the revised draft of the Postal Ballot Notice to be circulated to the shareholders for seeking necessary approvals for the divestment transactions.
Source: BSE
