G R Infraprojects announces promoter group share transfer via gift

G R Infraprojects Limited (GRIL) announced a proposed inter-se transfer of equity shares among its promoter group and immediate relatives, by way of gift, effective on or after September 27, 2025. This realignment involves five acquirers: devki nandan agarwal, vinod kumar agarwal, mahendra agarwal, ajendra agarwal, and purshottam agarwal, who will collectively acquire 2,687,178 shares, representing 2.78% of the company's share capital, without consideration.

This internal transfer will not affect the overall aggregate shareholding or voting rights of the promoter and promoter group in GRIL, nor will it impact public shareholders. The transaction is exempt from open offer requirements under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The last reported volume-weighted average market price for GRIL shares was INR 1272.27.