GMR Airports Infrastructure Ltd

GMR Airports reported a 0.9% year-on-year increase in passenger traffic for September 2026, serving 9.2 million passengers across its portfolio. Domestic traffic remained largely unchanged YoY at 6.9 million, while international traffic saw a 3.5% increase to 2.4 million. For the first half of FY27 (H1 FY27), the company achieved its highest-ever H1 total passenger traffic of 58.2 million, driven by domestic growth at Delhi Airport. Delhi Airport also reported its highest-ever H1 volumes across total, domestic, and international passenger traffic, as well as aircraft movements and cargo throughput. Hyderabad Airport recorded its highest-ever H1 cargo throughput. Despite overall growth, muted international traffic was attributed to geopolitical instability in West Asia, and subdued domestic growth was due to airline route rationalization and supply-side constraints in Indonesia.

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.

GQG Partners LLC, acting as investment manager for its affiliated entities, has sold equity shares of GMR Airports Limited through multiple on-market transactions. The sale resulted in a decrease of 1.50% in their total shareholding, bringing it down from 3.70% to 3.43%. A total of 28,234,645 shares were sold, representing a 0.27% change in voting rights. The transactions occurred between June 5, 2026, and October 8, 2026.

GMR Airports Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal codes. The trading window will be shut from the close of business hours on September 30, 2026, until 48 hours after the declaration of the Un-audited Financial Results (Standalone and Consolidated) for the quarter and half-year ending September 30, 2026. The company will separately inform the exchange about the date of the Board Meeting convened to consider these financial results.

GMR Airports Ltd has allotted 10,20,00,000 equity shares of Re. 1/- each, representing 0.96% of the post-allotment capital. This allotment follows the conversion of 25,50,000 Optionally Convertible Redeemable Preference Shares (OCRPS) held by GMR Infra Services Private Limited (GISPL). The conversion is part of the Composite Scheme of Amalgamation & Arrangement that became effective on July 25, 2024. GISPL had initially received 2,60,44,40,880 OCRPS convertible into equity shares. The newly allotted shares will rank pari-passu with existing equity shares.

GMR Hospitality Limited, an Indian subsidiary of GMR Airports Ltd, has been selected as the bidder to design, develop, operate, and maintain Food & Beverages outlets at Terminal 3 of Indira Gandhi International Airport, New Delhi. The license agreement with Delhi International Airport Limited (DIAL), another subsidiary, is for an initial period up to May 2036, with a potential 10-year extension. The revenue share model includes a Minimum Monthly Guarantee and advertisement fees. Estimated license fees for FY2026-27 and FY2027-28 are approximately ₹49 crore and ₹109 crore, respectively. This transaction is an arm's length related party transaction with necessary approvals obtained.

GMR Airports Ltd's subsidiary, Delhi International Airport Limited (DIAL), has successfully appealed against the tariff order issued by the Airports Economic Regulatory Authority of India (AERA) for the fourth control period (2024-2029). The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) ruled in favor of DIAL on all issues, including the non-implementation of a previous TDSAT order. AERA is mandated to implement this judgment within three months, unless they file a further appeal. This favorable ruling is expected to positively impact DIAL's financial standing regarding aeronautical tariffs.

GMR Airports Limited has been assigned an ESG Ratings Score of 74.41 by Niche Ninety Nine Capability and Certifications (OPC) Private Limited. The company has clarified that it did not engage Niche for this rating or report, and it was prepared independently by the rating agency. This disclosure is made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GMR Airports reported a 0.9% year-over-year increase in passenger traffic for August 2026, serving 9.4 million passengers across its portfolio. Domestic traffic grew by 1.1% to 7.1 million, while international traffic saw a 0.5% rise to 2.4 million. Year-to-date (YTD) FY27, the company has handled 49 million passengers, marking its highest-ever YTD total and domestic passenger numbers. Delhi Airport (DEL) reported its highest-ever YTD volumes for total, domestic, and international passengers, as well as aircraft movements and cargo throughput. Hyderabad Airport (HYD) saw its 4th CP Tariff Order issued, and Bhogapuram Airport commenced commercial operations on August 17, 2026. Muted international traffic growth was attributed to geopolitical instability in West Asia, and subdued domestic growth to airline route rationalization.

GMR Airports Ltd has successfully allotted 1,50,000 Non-Convertible Bonds (NCBs) worth ₹1,500 Crores. These listed, unsecured, rated, and redeemable bonds have a face value of ₹1 Lakh each and an interest rate of 9.56%. The allotment was made on a private placement basis following the receipt of the entire subscription amount with a premium. The primary purpose of this issuance is to refinance existing NCBs of the company. The bonds have a tenure of up to 36 months from the allotment date.