The Board of Directors of GR Infraprojects Limited approved an Interim Dividend of ₹2.50 per equity share for FY 2025-26, with the record date set for February 19, 2026. Furthermore, the Board approved the divestment of 100% equity stakes in three wholly-owned subsidiaries: GR Ena Kim Expressway, GR Bilaspur Urga Highway, and GR Ujjain Badnawar Highway Private Limited. All proposed sales are structured as an ‘arms’ length’ transaction with the related party, Indus Infra Trust.
Key Outcomes of the Board Meeting
GR Infraprojects Limited (GRIL) announced the key decisions taken by its Board of Directors during the meeting held on February 13, 2026. These decisions focused on shareholder returns and strategic divestment of assets.
Interim Dividend Declaration
The Board sanctioned an Interim Dividend of ₹2.50 per equity share, based on an equity face value of ₹5/- per share, for the current Financial Year 2025-26. The prescribed record date for determining the eligible shareholders for this dividend payment is Thursday, February 19, 2026. The payment is expected to be completed within legally stipulated timelines.
Strategic Divestment of Subsidiaries
The Board has approved the proposal to divest 100% of the equity stake held in three wholly-owned subsidiaries, subject to necessary shareholder approvals. The acquirer for all three entities is Indus Infra Trust.
1. Divestment of GR Ena Kim Expressway Private Limited (GEKEPL)
- GEKEPL is classified as a material subsidiary of GRIL.
- GRIL currently holds 100% of the issued, subscribed, and paid-up capital.
- Contribution to Consolidated Turnover (as of 31st March 2025): ₹75,384 Lakhs (10.19%).
- Contribution to Consolidated Net Worth (as of 31st March 2025): ₹8,255.86 Lakhs (0.97%).
- Expected completion date for the sale is on or before April 30, 2026, contingent upon approvals from the Trust’s Unitholders and relevant authorities.
2. Divestment of GR Bilaspur Urga Highway Private Limited (GBUHPL) and GR Ujjain Badnawar Highway Private Limited (GUBHPL)
Both GBUHPL and GUBHPL are wholly owned subsidiaries, though they are not considered material subsidiaries of the Company.
GBUHPL Contribution (as on 31st March 2025):
- Turnover: ₹60,616.12 Lakhs (8.20%).
- Net Worth: ₹10,242.46 Lakhs (1.21%).
GUBHPL Contribution (as on 31st March 2025):
- Turnover: ₹31,813.35 Lakhs (4.30%).
- Net Worth: ₹2,111.37 Lakhs (0.25%).
The expected completion date for the sale of these two entities is also on or before April 30, 2026, pending similar regulatory and internal approvals.
Related Party Transaction Compliance
The Board confirmed that Indus Infra Trust is a related party of GRIL. Consequently, the proposed divestment transactions for all three subsidiaries are intended to be executed at “arms’ length” basis.
Shareholder Action
The Board also approved the revised draft of the Postal Ballot Notice which will be dispatched to the shareholders shortly to seek approval for the divestment proposals.
Source: BSE
