G R Infraprojects Limited — Important, 07-03-2025: General Updates

The Board of Directors of G R Infraprojects Limited has approved an interim dividend of ₹12.50 per equity share for the financial year 2024-25, with a record date for payment set for March 13, 2025. Additionally, the company plans to divest its entire 100% equity stake in GR Galgalia Bahadurganj Highway Private Limited (GGBHPL) along with the assignment of an unsecured loan to GGBHPL. Notably, GGBHPL contributed ₹46,737.01 Cr to consolidated income, representing 5.15% of total revenue and a mere 0.07% of consolidated net worth. The transaction is anticipated to be completed on or before April 30, 2025, pending regulatory approvals and the acceptance of a binding offer by Indus Infra Trust. This divestment could streamline operations and reallocate resources, suggesting a positive outlook for the company.