GMR Power and Urban Infra Ltd

GMR Power and Urban Infra Ltd announced the voluntary winding up and dissolution of its step-down wholly owned subsidiary, GMR Coal Resources Pte. Ltd. (GCRPL), incorporated in Singapore. The dissolution was effective from October 1, 2026, with confirmation received from the Registrar of Companies, ACRA Singapore on October 16, 2026. GCRPL recorded Nil turnover and insignificant net worth contribution in the last financial year, thus ceasing to be a subsidiary of the company from October 1, 2026. This action signifies a streamlining of the company's international operations.

GMR Power and Urban Infra Ltd has announced the closure of its trading window for all designated persons. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The 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 for the quarter and half-year ended September 30, 2026. The company will separately inform the exchange about the board meeting date to approve these financial results.

GMR Power and Urban Infra Ltd announced that its shareholders, at the 7th Annual General Meeting held on September 21, 2026, approved the alteration of the company's Articles of Association (AOA). This amendment aims to broaden the AOA and align it with the Companies Act 2013. Key changes include provisions for further share capital issuance (rights, preferential), employee stock options, sweat equity, share-based benefit schemes, conversion of debt to equity, and issuance of warrants. The maximum board strength is increased to 20 directors, and articles related to additional, alternate, and nominee directors' appointments and tenures have been revised.

GMR Power and Urban Infra Ltd announced the re-appointment of four independent directors: Dr. Siva Kameswari Vissa, Mr. Suresh Lilaram Narang, Dr. Satyanarayana Beela, and Dr. Emandi Sankara Rao. This decision was approved by the company's shareholders at their 7th Annual General Meeting (AGM) held on Monday, September 21, 2026. The directors are re-appointed for a second term of five consecutive years, effective from the conclusion of the 7th AGM or until the conclusion of the 12th AGM, whichever is earlier. The filing includes detailed profiles of the re-appointed directors, highlighting their extensive experience in fields such as management consultancy, banking, and academia, which is expected to contribute to the company's governance and strategic direction.

GMR Power and Urban Infra Limited has announced its 7th Annual General Meeting (AGM) for the financial year ended March 31, 2026. The AGM will be held on Monday, September 21, 2026, at 11:00 AM IST via Video Conferencing (VC) / Other-Audio Visual Means (OAVM). The company is enclosing its Annual Report for FY 2025-26 along with the Notice of AGM, which will be sent to all registered members. For members without registered email addresses, a letter containing web-link, exact path, and QR code for accessing the AGM notice and Annual Report is being sent by post. Both the Annual Report and AGM Notice are also available on the company's website.

GMR Power and Urban Infra Limited (GPUL) has announced its 7th Annual General Meeting (AGM) will be held on Monday, September 21, 2026, at 11:00 AM IST via Video Conferencing. A key agenda item includes seeking shareholder approval for fundraising up to ₹3000 Crore through various instruments like equity shares, non-convertible debentures, warrants, convertible securities, or Foreign Currency Convertible Bonds. The company is also facilitating remote e-voting for shareholders from September 17 to September 20, 2026, with a cut-off date of September 14, 2026. The notice of the AGM and the Annual Report for FY 2025-26 are being dispatched to members.

GMR Power and Urban Infra Ltd has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as per SEBI LODR regulations. The report, which includes an assurance report from Grant Thornton Bharat LLP, is available on the company's website. The BRSR covers general disclosures, business activities contributing to turnover (73.75% from Energy Generation, 19.34% from Smart Meter Infrastructure), operational locations, markets served, and employee details. The company operates on a consolidated basis, including subsidiaries with majority holding and active operations. The report details business activities and products/services, with Energy Generation being the largest contributor to turnover.

GMR Power and Urban Infra Ltd has confirmed no deviation or variation in the utilization of funds raised through a preferential issue as of June 30, 2026. The company raised ₹1200 Crore, receiving ₹900 Crore by the reporting date. The remaining ₹300 Crore is expected upon warrant conversion within 18 months. The utilization aligns with the stated objects in the offer document, as reviewed and noted by the Audit Committee. The funds were intended for repayment of borrowings and infusion into subsidiaries.

GMR Power and Urban Infra Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CARE Ratings Limited. The report pertains to the preferential issue of equity shares and convertible warrants aggregating to ₹1200 crore. As of June 30, 2026, ₹900 crore of the issue size had been received. The report confirms that the utilization of funds received is as per the disclosures in the CA Certificate and Management Certificate, with no material deviations observed. Convertible warrants were issued at a price higher than the prevailing market price.

GMR Power and Urban Infra's consolidated (primary) numbers for the quarter ended June 30, 2026 show revenue from operations of Rs1,705.18 Cr, up 3.4% YoY but down 14.9% QoQ, and a net loss of Rs35.38 Cr for the period (Rs41.48 Cr attributable to shareholders, EPS -Rs0.53). On the surface the YoY comparison looks sharply worse -- last year's Rs7.18 Cr loss has become a Rs35.38 Cr loss, a headline deterioration of roughly 390%. But that year-ago quarter (Q1 FY26) carried a one-off consolidated exceptional gain of Rs65.73 Cr (reversal of payables/receivables under note 7); this quarter has none. Stripping that one-off out, the adjusted year-ago loss was closer to Rs73 Cr, meaning the underlying loss has actually narrowed by roughly half YoY, not widened four-fold. QoQ the improvement is unambiguous: the loss shrank from Rs113.56 Cr in Q4 FY26 to Rs35.38 Cr. The margin bridge is mixed but net positive on an adjusted basis. EBITDA margin (EBITDA/revenue from operations) expanded to ~29.2% from ~28.3% YoY and ~26.1% (Q4-basis) QoQ, and finance costs fell 27.8% YoY and 19% QoQ (Rs440.9 Cr -> Rs318.1 Cr), consistent with continued deleveraging. Net profit margin (PAT/total income) was -2.02% versus -0.40% YoY and -5.49% QoQ per our records -- worse YoY on a raw basis purely because of the base-effect one-off described above. Segment-wise, Power (the largest segment, ~97% of total segment results) was stable at Rs294.5 Cr, roughly flat both YoY and QoQ, with underlying subsidiaries GMR Warora Energy (Rs76.19 Cr PAT) and GMR Kamalanga Energy (Rs97.02 Cr PAT) both profitable in the quarter per the filing's related-party notes. Smart Meter Infrastructure, however, swung to a Rs4.80 Cr segment loss from a Rs64.08 Cr profit in Q4 and a Rs16.86 Cr profit a year ago, even as its revenue grew 22% YoY -- its revenue nearly halved QoQ (Rs512.43 Cr to Rs224.52 Cr), pointing to billing/execution lumpiness typical of the DBFOOT model rather than a structural issue. A Rs7.80 Cr loss from equity-accounted investments (GMR Rajahmundry Energy and joint ventures) versus a Rs0.18 Cr gain YoY was a smaller additional drag. We found no analyst consensus estimates or brokerage previews specifically for this quarter (vsStreet: unknown), and the company has no formal prior guidance on record in our database or turned up via web search (vsGuidance: unknown) -- so there is no beat/miss framing to apply here. The quarter's most consequential corporate action was concurrent with the results: the Board approved an enabling resolution to raise up to Rs3,000 Cr via QIP, NCDs, warrants and/or FCCBs, underscoring that the Rs318 Cr quarterly finance-cost load remains the single biggest swing factor between an operating profit and a net loss. Litigation remains a live overhang but not a near-term cash item: the GIL-SIL JV's Rs2,828.75 Cr DFCC arbitration claims (of which Rs506.14 Cr is already booked as unbilled revenue) continue through cross-examination hearings in late August 2026, and GWEL/GKEL's combined receivable and valuation exposures tied to MSEDCL and GRIDCO disputes remain unresolved but auditor-reviewed as adequately provided for.