G R Infraprojects Ltd

G R Infraprojects Ltd has announced that NTPC Limited has invoked a Mobilization Advance Bank Guarantee of Rs. 49,52,59,040 issued by HDFC Bank and three Insurance Performance Surety Bonds totaling Rs. 41,33,70,998 issued by Bajaj General Insurance. These invocations are related to contract numbers CS-9575-171A-9-FC-COA-7978, CS-9575-171A-9-SC-COA-7979, and CS-9575-171A-9-TC-COA-7980, for which G R Infraprojects had issued a notice of termination on September 15, 2026. The company is currently examining the matter, evaluating its legal and contractual remedies, and states that there is no material impact on its business operations at present. The total amount invoked is Rs. 90.86 crore.

G R Infraprojects Ltd has issued a notice of termination to NTPC Limited for the EPC Agreement related to BESS Implementation at Mouda Super Thermal Power Station. The termination is effective immediately and is attributed to continuing Force Majeure and War Risk circumstances, along with contractual issues. The company has initiated the dispute resolution process and is currently assessing the financial impact of this termination.

G R Infraprojects Ltd has received a show cause notice (DRC-01) from the Office of the Joint Commissioner of State Tax, Ratlam Division, Indore, Madhya Pradesh. The notice, issued under Section 74 of the CGST Act, 2017 & MPGST Act, 2017, pertains to the tax period April 2020 to March 2021. It alleges discrepancies including excess/ineligible input tax credit and mismatches in e-way bill and GSTR-3B data. The proposed demand aggregates to ₹321.60 crore, encompassing tax, interest, and penalty. The company is preparing its response and believes it has strong grounds to defend its position, not currently anticipating any material financial impact.

Nagaur Mukundgarh Highways Private Limited, a subsidiary of G R Infraprojects Ltd, has had its writ petitions dismissed by the Rajasthan High Court. The petitions challenged the applicability of CBIC Circular No. 150/06/2021-GST and the levy of GST on annuity payments received under its concession agreements. The aggregate amount involved in this litigation is approximately ₹69.79 crore. The company is currently evaluating the judgment and considering available legal remedies with its advisors. This development pertains to ongoing litigations disclosed under listing regulations.

G R Infraprojects Ltd has received a Letter of Award from Varanasi MMLP Limited for the Development, Operation & Maintenance of the Multi Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh. The project will be executed on a Design, Build, Finance, Operate and Transfer (DBFOT) basis. The construction period is one year from the appointed date, followed by a concession period of 45 years. The total consideration for the project is ₹91.60 Crores. This award signifies a new business opportunity for G R Infraprojects in the logistics infrastructure sector.

G R Infraprojects Limited has been declared the successful bidder for the Development, Operation and Maintenance of a Multi Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh. The project, awarded by Varanasi MMLP Limited, will be executed on a Public Private Partnership (PPP) basis under a Design, Build, Finance, Operate and Transfer (DBFOT) model. The construction period is one year from the appointed date, followed by a concession period of 45 years. The total consideration for the project is ₹91.60 Crores. The company has also informed that the trading window for its securities will remain closed until 48 hours after the announcement, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

G R Infraprojects Ltd announced its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The Board of Directors approved these results in a meeting held on August 6, 2026. The company also provided details on the utilization of proceeds from non-convertible debentures, confirming full utilization with no deviations. The limited review report from B S R and Co, Chartered Accountants, was enclosed with the results.

On a consolidated basis (primary), G R Infraprojects reported revenue of ₹2,784.11 Cr for Q1 FY27, up 40.1% YoY (₹1,987.79 Cr) and 11.3% QoQ (₹2,500.41 Cr), and PAT of ₹357.79 Cr, up 46.4% YoY as reported. That reported PAT includes a ₹61.21 Cr non-cash exceptional gain booked after the Group's stake in associate Indus Infra Trust was diluted from 43.56% to 31.58% following the associate's QIP; stripping it out, adjusted PAT was ₹296.58 Cr, up a more moderate 21.4% YoY. Standalone PAT, which carries no exceptional item this quarter, was ₹203.65 Cr on revenue of ₹2,423.42 Cr (EPS ₹21.05) — the standalone-consolidated gap (mainly the associate income and the one-off) means the two statements tell different growth stories, and the adjusted consolidated number is the cleaner read. The growth was driven almost entirely by the Engineering, Procurement and Construction (EPC) segment, whose revenue jumped 228% YoY to ₹892.21 Cr (from ₹271.55 Cr) as project execution accelerated, while the higher-margin Build-Operate-Transfer/Annuity segment was flat-to-down, slipping 2.7% YoY to ₹1,517.58 Cr. That mix shift, plus unallocated corporate expenses more than doubling YoY to ₹68.71 Cr (from ₹32.11 Cr), pulled consolidated operating margin down to 16.80% from 22.67% a year ago even though EPC's own segment margin actually improved (15.9% vs 6.1% YoY). Net profit margin held up better on a reported basis (12.85% vs 12.06% YoY) only because of the exceptional gain; on the adjusted PAT, NPM was closer to 10.7%, also down YoY — confirming the margin compression management had flagged. Revenue growth of 40% YoY runs well ahead of management's stated FY27 guidance of 15% full-year revenue growth (anchored on a targeted ₹20,000-22,000 Cr order inflow), though the margin caution embedded in that same guidance — flagged for commodity-price and geopolitical pressure — is visible in the OPM print. Street estimates (Univest's pre-result preview) had pegged Q1 FY27 revenue at ₹2,051-2,360 Cr and PAT at ₹112-142 Cr; the actual print beat both ranges comfortably, even on the adjusted PAT basis. No management press release accompanying this result was available to cross-check messaging. The quarter also saw B S R and Co take over as statutory auditor (five-year term, replacing the predecessor whose sign-off appears in the review report for prior periods) and the appointment of Ashwin Agarwal as a new whole-time director — governance moves that coincide with, but are not numerically tied to, this print.

G R Infraprojects Ltd has announced that its Board of Directors will convene on August 6, 2026. The primary agenda item for this meeting is to consider and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. This announcement is made in compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

G R Infraprojects Ltd announced the re-appointment of Mr. Rajan Malhotra as an Independent Director for a second term of five years. The approval was granted by the company's members at the 30th Annual General Meeting held on July 24, 2026. Mr. Malhotra's new term will commence on May 27, 2027, and conclude on May 26, 2032. He brings over 42 years of experience in the engineering and construction industry, having held significant leadership roles at L&T and chaired the Projects Export Promotion Council of India. He is not related to any other directors and is not debarred from holding a director's office.