GR Infraprojects Limited announced an inter se transfer of equity shares among qualifying persons within the Promoter Group, specifically between immediate relatives. The transaction occurred on March 27, 2026, involving the acquisition by Mrs. Shakuntala Devi Gupta and the corresponding disposal by Mr. Manish Gupta. Importantly, the overall aggregate shareholding and voting rights of the Promoter Group remain unchanged following this internal restructuring.
Corporate Disclosure on Shareholding Change
GR Infraprojects Limited (the “Company”) has formally disclosed a transaction involving the transfer of equity shares within its Promoter Group, as required under applicable regulations. The disclosure, dated March 29, 2026, detailed an inter se transfer of shares among qualifying persons identified as immediate relatives.
Transaction Details
The transaction involved:
- Acquirer: Mrs. Shakuntala Devi Gupta
- Seller: Mr. Manish Gupta
- Date of Transaction: March 27, 2026
- Mode of Transfer: Inter-se Transfer (Off-market/Private arrangement)
Details of the transfer indicate that Mrs. Shakuntala Devi Gupta acquired 21,00,000 equity shares, representing 2.17% of the total share capital. Concurrently, Mr. Manish Gupta disposed of an equal number of 21,00,000 shares.
Pre and Post Shareholding Analysis
The disclosure highlights that the transfer was purely an internal adjustment, with no change in the overall control structure:
Before the transaction, Mr. Manish Gupta held 26,49,132 shares (2.74%). After the disposal:
- Mr. Manish Gupta’s post-acquisition holding reduced to 5,49,132 shares (0.57%).
- Mrs. Shakuntala Devi Gupta’s post-acquisition holding increased to 21,00,000 shares (2.17%).
The Total (a+b+c+d) for the acquirer group remained constant at 26,49,132 shares, corresponding to 2.74% of the total voting capital, confirming that the Promoter Group’s aggregate holding remained unchanged.
Capital Structure Context
The total equity share capital of the Target Company (G R Infraprojects Limited) remains robust. Both before and after the transaction, the:
- Total Number of Shares: 9,67,60,529
- Total Equity Capital Amount: Rs. 48,38,02,645 (Face Value of Rs. 5/- per share)
Source: BSE
