GMR Power unit status changes from WOS to subsidiary

GMR Power and Urban Infra Ltd announced a change in the status of its step-down subsidiary, GMR Kalinga Solar Power Limited (GKSPL). GKSPL, initially incorporated as a wholly owned subsidiary of GMR Energy Limited (a wholly owned subsidiary of the company), has now become a step-down subsidiary. This change occurred after GKSPL entered into a power supply agreement with Grasim Industries Limited and subsequently allotted equity shares to GMR Energy Limited and Grasim in a 71:29 ratio, with GMR Energy Limited retaining 71% equity. The transaction does not involve any interest from the company's promoters or promoter group.