GR Infraprojects Limited has disclosed a proposed inter-se transfer of 21,00,000 equity shares (representing 2.17% of total capital) via gift between immediate relatives within the Promoter Group. The transfer is from Mr. Manish Gupta to Mrs. Shakuntala Devi Gupta, scheduled on or after March 25, 2026. The transaction is without consideration and will not alter the aggregate shareholding or voting rights of the Promoter Group as a whole.
Regulatory Disclosure for Share Transfer
GR Infraprojects Limited submitted a mandatory disclosure concerning a proposed transaction involving shares held by its Promoter Group members. This intimation is made pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Proposed Acquisition
The proposed acquisition involves the transfer of equity shares from Mr. Manish Gupta to Mrs. Shakuntala Devi Gupta. The total number of shares to be acquired by Mrs. Shakuntala Devi Gupta is 21,00,000, which equates to 2.17% of the Target Company’s total share capital.
- Transferor: Mr. Manish Gupta
- Acquirer: Mrs. Shakuntala Devi Gupta (Member of Promoter Group)
- Proposed Date of Acquisition: On or after 25th March 2026
Transaction Nature and Consideration
The transfer is executed purely as an inter-se transfer amongst immediate relatives, specifically by way of gift. Consequently, the shares are being transferred without consideration (Nil Price).
It is explicitly noted that this transaction is below the threshold stipulated under Regulation 3 of the SAST Regulations. Furthermore, this inter-se transfer will not affect the aggregate shareholding or voting rights of the Promoter and Promoter Group collectively, ensuring no change to the overall control structure.
Shareholding Impact Summary
The disclosure provided pre- and post-transaction shareholding details for the involved parties:
Before the proposed transaction:
- Mrs. Shakuntala Devi Gupta (Acquirer): 0 shares (0.00% voting rights)
- Mr. Manish Gupta (Seller): 26,49,132 shares (2.74% total capital)
After the proposed transaction:
- Mrs. Shakuntala Devi Gupta (Acquirer): 21,00,000 shares (2.17% total capital)
- Mr. Manish Gupta (Seller): 5,49,132 shares (0.57% total capital)
Compliance Affirmation
The acquirer, Mrs. Shakuntala Devi Gupta, declared that both the transferor and transferee have complied, and will continue to comply, with all applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011.
Source: BSE
