Mrs. Shakuntala Devi Gupta, an acquirer and part of the Promoter Group, will acquire 21,00,000 equity shares, representing 2.17% of the total share capital of G R Infraprojects Limited. The acquisition will be executed as an inter-se transfer by way of gift from Mr. Manish Gupta, another qualifying person (immediate relative). The transaction is scheduled for on or after March 25, 2026, and involves no monetary consideration.
Inter-Se Transfer Notification Filed
This disclosure is made pursuant to regulatory requirements concerning substantial acquisition of shares, detailing a proposed acquisition by Mrs. Shakuntala Devi Gupta, who is already a part of the Promoter Group of G R Infraprojects Limited (Target Company).
The proposed acquisition involves the receipt of 21,00,000 equity shares from Mr. Manish Gupta, an immediate relative. This transfer equates to 2.17% of the total share capital of the Target Company. The transaction is explicitly structured as a gift, meaning the price at which the shares are acquired is Nil consideration.
Transaction Details and Compliance
The intended date for the execution of this proposed transfer is on or after March 25, 2026. Since the transfer is between qualifying persons (immediate relatives) and remains below regulatory thresholds, no exemption under Regulation 10(1)(a) is being availed.
Crucially, the report confirms that this inter-se transfer will not result in any change to the aggregate shareholding or voting rights held by the Promoter and Promoter Group as a whole. Furthermore, the interests of the public shareholders are explicitly stated to remain unaffected by this internal reorganization.
Shareholding Pre and Post-Transaction Summary
The details provided in the filing illustrate the shift in direct holdings among the involved parties:
- Acquirer (Mrs. Shakuntala Devi Gupta): Shares increase from 0 to 21,00,000 (2.17%).
- Seller (Mr. Manish Gupta): Shares decrease from 26,49,132 (2.74%) to 5,49,132 (0.57%).
The filing also confirms that all requisite compliance declarations regarding prior disclosure requirements under Chapter V of the Takeover Regulations have been affirmed by the acquirer.
Source: BSE
