G R Infraprojects Limited announced a proposed inter-se transfer of equity shares by way of gift between immediate relatives within the Promoter Group. This transaction, governed by Regulation 10(5) of SEBI SAST Regulations, results in a cumulative acquisition of 9.15% of the total share capital by the acquirers. The transfer is scheduled for on or after March 27, 2026, and is reported as a realignment that will not alter the aggregate shareholding of the Promoter Group.
Inter-Se Transfer Notification Filed
G R Infraprojects Limited (GRINFRA) has formally intimated the stock exchanges regarding a significant proposed internal transaction among its Promoter Group members. This action is a disclosure required under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The proposed acquisition involves the inter-se transfer of equity shares of the Target Company by way of gift between immediate relatives. The transactions are scheduled to commence on or after March 27, 2026.
Details of the Proposed Acquisition
The total shares to be acquired through this gifting process amount to 9.15% of the total share capital of GR Infraprojects Limited. Importantly, the transfer is executed without consideration (Nil price), classifying it as a gift, which falls under the exemption provided by Regulation 10(1)(a)(i).
The filing explicitly states that this proposed inter-se transfer is intended as a realignment of the shareholding amongst family members and confirms that no additional voting rights will be acquired by the Promoter and Promoter Group as a whole; thus, their aggregate shareholding remains unchanged.
Shareholding Impact Summary
The disclosure provides a comprehensive snapshot of the shareholding before and after the transaction for the acquiring family members and the sellers, who are also part of the Promoter Group. For example, Mrs. Suman Agarwal’s holding among the acquirers is set to increase from 1.08% (10,46,448 shares) to 6.16% (59,58,260 shares).
Key Post-Transfer Holdings (Acquirers):
- Mrs. Laxmi Devi Agarwal: Increasing to 2.17% (20,95,327 shares)
- Mrs. Suman Agarwal: Increasing to 6.16% (59,58,260 shares)
- Mrs. Kiran Agarwal: Increasing to 2.58% (24,96,422 shares)
The document also details the shareholding impact across six subsidiary companies (Lokesh Builders Private Limited, Jasamrit Premises Private Limited, Jasamrit Construction Private Limited, Jasamrit Designers Private Limited, Jasamrit Fashions Private Limited, and Jasamrit Creations Private Limited) as of the previous transaction dates (September 2025 and March 2026), confirming the internal nature of these movements.
Source: BSE
