GMR Airports Incorporates Wholly-owned Subsidiary GMR Aero Realty

GMR Airports Ltd has incorporated GMR Aero Realty Limited (GARL) as its wholly owned subsidiary in India. GARL was incorporated on October 13, 2026, with an initial subscribed and paid-up share capital of INR 1 Crore. The subsidiary will focus on Real Estate, Land Development, and related opportunities. GARL has not yet commenced business operations. The subscription amount will be remitted within statutory timelines. This transaction is not a related party transaction and does not require governmental or regulatory approvals.