Members of the Promoter Group of GR Infraprojects Limited have announced a proposed inter-se transfer of equity shares through a gift mechanism between immediate relatives, effective on or after March 27, 2026. This transaction involves the transfer of a total of 9.15% of the company’s total share capital. The transfer is without any consideration and is described as a realignment of shareholding among family members, ensuring no change in the aggregate shareholding of the Promoter Group as a whole.
GR Infraprojects Announces Promoter Share Re-alignment
GR Infraprojects Limited has informed the stock exchanges about a proposed transaction involving the transfer of its equity shares among members of the Promoter Group. This event is classified as an inter-se transfer by way of gift between immediate relatives, scheduled for execution on or after March 27, 2026. This disclosure is made pursuant to Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Details and Impact
The total number of shares to be acquired through this gifting process represents 9.15% of the total share capital of the Target Company. Crucially, the transfer is executed without consideration, as it is a gift. The stated rationale is that the proposed inter-se transfer is purely a part of the realignment of the shareholding amongst family members. Consequently, the aggregate shareholding and voting rights of the Promoter and Promoter Group, as a whole, are expected to remain unchanged.
Shareholding Changes Among Acquirers
The transfer significantly alters the individual holdings among the acquiring immediate relatives. Key transfers detailed in Annexure A show:
- Mrs. Suman Agarwal is set to acquire 49,11,812 shares (5.08%), primarily from Mr. Vinod Kumar Agarwal.
- Mrs. Laxmi Devi Agarwal is acquiring 882,315 shares (0.91%).
- The transfer involves multiple sellers, including Mr. Devki Nandan Agarwal, Mr. Purshottam Agarwal, and Mr. Harish Kumar Agarwal, among others.
The shareholding details before and after the proposed transaction confirm the internal restructuring:
| Acquirer(s) | Before Transaction (% of TC) | After Transaction (% of TC) |
|---|---|---|
| Mrs. Laxmi Devi Agarwal | 0.71 | 2.17 |
| Mrs. Suman Agarwal | 1.08 | 6.16 |
| Mrs. Ritu Agarwal | 1.03 | 1.04 |
| Mrs. Kiran Agarwal | 1.15 | 2.58 |
| Mrs. Sangeeta Agarwal | 1.42 | 2.58 |
It is noted that this transaction, when aggregated with previous transfers during FY 2025-26, breaches the threshold under Regulation 3, but it qualifies for the exemption under Regulation 10(1)(a)(i) concerning inter-se transfers among qualifying persons.
Corporate Entities’ Holdings Post-Transfer
The holdings of associated Persons Acting in Concert (PACs) also remain unchanged:
- Lokesh Builders Private Limited maintains its holding at 31.80% (3,07,73,432 shares).
- Entities such as Jasamrit Premises Private Limited and Jasamrit Construction Private Limited retain their respective stakes of 0.70% and 0.78%.
The filing confirms that the transaction does not affect the interests of the public shareholders of the Target Company.
Source: BSE
