GR Infraprojects Limited has submitted an intimation regarding a proposed inter-se transfer of equity shares among qualifying persons (immediate relatives). This transaction, scheduled on or after March 27th, 2026, is being conducted by way of gift, resulting in no change to the aggregate shareholding or voting rights of the Promoter Group as a whole. The move is part of a family shareholding realignment, ensuring public shareholder interests remain unaffected.
Intimation of Proposed Inter-se Share Transfer
GR Infraprojects Limited has officially informed the Stock Exchanges regarding a planned transaction involving the transfer of equity shares among qualifying persons, defined as immediate relatives within the Promoter Group. This disclosure is made pursuant to the SEBI SAST Regulations.
The proposed acquisition is scheduled to take place on or after March 27th, 2026. The primary rationale behind this movement is a realignment of shareholding amongst family members.
Transaction Details and Compliance
Crucially, the transfer is executed by way of gift, meaning there is no consideration involved. Consequently, the aggregate shareholding and voting rights held by the Promoter and Promoter Group, considered as a whole, will remain unchanged both before and after the transaction.
The filing confirms that this specific acquisition falls within the exemption provided under Regulation 10(1)(a) of the SEBI SAST Regulations, as it constitutes an inter-se transfer amongst qualifying persons.
Shareholding Changes
The document meticulously details the shareholding structure before and after the transfer for all involved parties, highlighting specific volumetric shifts:
- Mrs. Suman Agarwal’s stake increases from 1.08% (10,46,448 shares) to 6.16% (59,58,260 shares).
- Mrs. Laxmi Devi Agarwal’s holding increases from 0.71% (6,85,012 shares) to 2.17% (20,95,327 shares).
- Mrs. Kiran Agarwal’s holding increases from 1.15% (11,11,765 shares) to 2.58% (24,96,422 shares).
- The transfer results in a total acquisition of 9.15% of the total share capital of the Target Company by the acquirers.
Subsidiary Company Transfers (Contextual Note)
The document also includes contextual data detailing prior transfers concerning various promoter-related subsidiary companies, demonstrating ongoing restructuring efforts across the group structure. For instance, in the shareholding pattern of Lokesh Builders Private Limited, the total pre-transfer shareholding of the listed acquirers was 21.43% (18,591 shares), which was wholly accounted for in the acquisition details, confirming alignment with the overall realignment strategy.
Similarly, transfers were noted in entities like Jasamrit Designers Private Limited and Jasamrit Construction Private Limited, where the total acquisition/disposal percentage across related parties was 79.10% and 39.32%, respectively, illustrating a broad consolidation effort.
Management asserts that this realignment process will not impact the interests of the public shareholders of G R Infraprojects Limited.
Source: BSE
