Interim report
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10th November 2025 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1 Dalal Street, Fort G Block, Bandra-Kurla Complex, Bandra(E) Mumbai - 400001 Mumbai – 400051 Scrip Code: 543317 Symbol: GRINFRA Sub: Outcome of Board Meeting held on 10th November 2025. Dear Sir, Pursuant to Regulation 30 and all other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (“Listing Regulations”), we wish to inform you that Board of Directors of the Company at its meeting held on Monday, 10th November 2025, has, inter alia, approved the Unaudited Standalone and Consolidated Financial Results of the company for quarter and half year ended 30th September 2025. The meeting of Board of Directors of the Company commenced at 5:30 PM and concluded at 8:05 PM. We request the exchange to take this information on record. Thanking you, Yours sincerely, For G R Infraprojects Limited Sudhir Mutha Company Secretary ICSI Membership No. ACS18857 Encl: As above
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10th November 2025 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1 Dalal Street, Fort G Block, Bandra-Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai -400051 Scrip Code: 543317 Symbol: GRINFRA Sub: Statement of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September 2025. Dear Sir, The Board of Directors of G R Infraprojects Limited (“Company”) at its meeting held today, i.e., 10th November 2025 approved the Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended 30th September 2025, in terms of Regulation 30, 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We enclose herewith the Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended 30th September 2025 alongwith Limited Review Report issued by S R B C & CO LLP (“SRBC”), Chartered Accountants, Statutory Auditors of the Company on the said results. Other information required are as under: 1. Additional disclosure as per Regulation 52(4) is given under Note No. 10 in Standalone Financial Results and Note No. 3 in Consolidated Financial Results. 2. There are no outstanding secured listed Non-Convertible Debentures in the company, hence disclosure of asset cover is not applicable. 3. Disclosure of related party transactions for the half year ended 30th September 2025, in terms of Regulation 23(9) of the SEBI Listing Regulations is annexed to the Financial Results. Further, please also note that the proceeds from the issuance of non-convertible debentures have been fully utilized. A statement indicating utilization of proceeds as per Regulation 52(7) and statement of deviation as per Regulation 52(7A) is enclosed as Annexure-1. The meeting of the Board of Directors of the Company commenced at 5:30PM and concluded at 8:05PM. We request the exchange to take this information on record. Thanking you, Yours sincerely, For G R Infraprojects Limited Sudhir Mutha Company Secretary ICSI Membership No. ACS18857 Encl: As above
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Annexure- 1 A. Statement of utilization of issue proceeds: 1. Name of the Issuer - G R Infraprojects Limited ISIN Mode of Fund Raising (Public issues/ Private placement) Type of instrument Date of raising funds Amount Raised (Rs.in Crores) Funds utilized (Rs.in Crores) Any deviation (Yes/ No) If 8 is Yes, then specify the purpose of for which the funds were utilized Remarks, if any 2 3 4 5 6 7 8 9 10 INE201P08175 Private Placement NCD 20/01/2022 75 75 No NA - INE201P08191 Private Placement NCD 30/08/2022 40 40 No NA - INE201P08209 Private Placement NCD 05/02/2024 100 100 No NA - B. Statement of deviation/ variation in use of Issue proceeds: Not Applicable Particulars Remarks Name of listed entity - Mode of fund raising - Type of instrument - Date of raising funds - Amount raised - Report filed for quarter ended - Is there a deviation/ variation in use of funds raised? - Whether any approval is required to vary the objects of the issue stated in the prospectus/ offer document? - If yes, details of the approval so required? - Date of approval - Explanation for the deviation/ variation - Comments of the audit committee after review - Comments of the auditors, if any -
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Objects for which funds have been raised and where there has been a deviation/ variation, in the following table: Original object Modified object, if any Original allocation Modified allocation, if any Funds utilised Amount of deviation/ variation for the quarter according to applicable object (in Rs. crore and in %) Remarks, if any Not Applicable Deviation could mean: a. Deviation in the objects or purposes for which the funds have been raised. b. Deviation in the amount of funds actually utilized as against what was originally disclosed. Sudhir Mutha Designation: Company Secretary & Compliance Officer Date: 10.11.2025 Place: Udaipur
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21st Floor, B Wing, Privilon Ambli BRT Road, Behind Iskcon Temple Off SG Highway, Ahmedabad - 380 059, India Tel: +91 79 6608 3900 Chartered Accountants S R B C & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318 Regd. OfÕce : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors of G R Infraprojects Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of G R Infraprojects Limited (the “Holding Company”), its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), its associate and joint operations for the quarter ended September 30, 2025 and year to date from April 1, 2025 to September 30, 2025 (the “Statement”) attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). 2. The Holding Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. The Statement has been approved by the Holding Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of entities mentioned in the Annexure 1 of this report. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We draw attention to note 4 to the Statement, regarding an ongoing regulatory matter which is sub- judice before Hon’ble High Court of Gauhati, Assam. Pending conclusion of the matter and outcome of the same, no adjustments have been made to the consolidated financial results in this regard. Our conclusion is not modified in respect of this matter.
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Chartered Accountants 7. The accompanying Statement includes the unaudited interim financial results and other financial information in respect of 31 subsidiaries, whose unaudited interim financial results and other financial information include total assets ൟ 1,085,046.31 lakhs as at September 30, 2025, total revenues of ൟ 116,230.51 lakhs and ൟ 275,808.22 lakhs, total net profit after tax of ൟ 8,299.86 lakhs and ൟ 10,167.08 lakhs and total comprehensive income of ൟ 8,299.86 lakhs and ൟ 10,167.08 lakhs for the quarter ended September 30, 2025 and for the period from April 1, 2025 to September 30, 2025 respectively and net cash outflow of ൟ 12,722.03 lakhs for the period from April 1, 2025 to September 30, 2025, as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor’s reports on interim financial results and other financial information of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. 8. The accompanying Statement include unaudited interim financial results and other unaudited financial information in respect of 7 joint operations, whose interim financial results and other financial information include total assets ൟ 8,072.55 lakhs as at September 30, 2025, total revenues of ൟ 4,956.41 lakhs and ൟ 11,601.19 lakhs, total net profit after tax of Nil and Nil and total comprehensive profit of Nil and Nil for the quarter ended September 30, 2025 and for the period from April 1, 2025 to September 30, 2025 respectively and net cash outflow of ൟ1,592.30 lakhs for the period from April 1, 2025 to September 30, 2025, as considered in the Statement based on their unaudited interim financial results and other unaudited financial information. These unaudited interim financial results and other unaudited financial information of these joint operations have not been reviewed by their auditors and have been approved and furnished to us by Management and our conclusion on the Statement, in so far as it relates to the affairs of these joint operations, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these unaudited interim financial results and other unaudited financial information are not material to the Group. Our conclusion on the Statement in respect of matters stated in paragraph 7 and 8 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results and financial information certified by the Management. For S R B C & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 _______________________ per Sukrut Mehta Partner Membership No.: 101974 UDIN: 25101974BMODCX7289 Place: Ahmedabad Date: November 10, 2025 Digitally signed by Sukrut Shardul Mehta DN: cn=Sukrut Shardul Mehta, o=Personal, email=Sukrut.mehta@srb.in Date: 2025.11.10 19:03:47 +05'30' Sukrut Shardul Mehta
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Chartered Accountants Annexure 1 to the review report on unaudited consolidated financial results for the quarter ended September 30, 2025 and for the period from April 1, 2025 to September 30, 2025. Sr. No. Name of entity Relationship 1 G R Infraprojects Limited Holding Company 2 Reengus Sikar Expressway Limited Wholly Owned Subsidiary 3 Naguar Mukundgarh Highway Private Limited Subsidiary 4 GR Ena Kim Expressway Private Limited Wholly Owned Subsidiary 5 GR Shirsad Masvan Expressway Private Limited Wholly Owned Subsidiary 6 GR Bilaspur Urga Highway Private Limited Wholly Owned Subsidiary 7 GR Bahadurganj Araria Highway Private Limited Wholly Owned Subsidiary 8 GR Amritsar Bathinda Highway Private Limited Wholly Owned Subsidiary 9 GR Ludhiana Rupnagar Highway Private Limited Wholly Owned Subsidiary 10 GR Bhimasar Bhuj Highway Private Limited Wholly Owned Subsidiary 11 GR Bandikui Jaipur Expressway Private Limited Wholly Owned Subsidiary 12 GR Ujjain Badnawar Highway Private Limited Wholly Owned Subsidiary 13 GR Bamni Highway Private Limited Wholly Owned Subsidiary 14 GR Govindpur Rajura Highway Private Limited Wholly Owned Subsidiary 15 GR Madanapalli Pileru Highway Private Limited Wholly Owned Subsidiary 16 Rajgarh Transmission Limited Wholly Owned Subsidiary 17 GR Logistics Park (Indore) Private Limited Wholly Owned Subsidiary 18 GR Venkatpur Thallasenkesa Highway Private Limited Wholly Owned Subsidiary 19 GR Belgaum Raichur (Package-5) Highway Private Limited Wholly Owned Subsidiary 20 Maratha Skyride Ventures Private Limited Wholly Owned Subsidiary 21 GR Belgaum Raichur (Package-6) Highway Private Limited Wholly Owned Subsidiary 22 GR Hasapur Badadal Highway Private Limited Wholly Owned Subsidiary 23 GR Devinagar Kasganj Highway Private Limited Wholly Owned Subsidiary 24 GR Varanasi Kolkata Highway Private Limited Wholly Owned Subsidiary 25 GR Kasganj Bypass Private Limited Wholly Owned Subsidiary 26 GR Yamuna Bridge Highway Private Limited Wholly Owned Subsidiary 27 GR Tarakote Sanjichhat Ropeway Private Limited Wholly Owned Subsidiary 28 Pachora Power Transmission Limited Wholly Owned Subsidiary 29 Tumkur-II REZ Power Transmission Limited Wholly Owned Subsidiary (w.e.f. September 03, 2024) 30 Bijapur REZ Transmission Limited Wholly Owned Subsidiary (w.e.f. January 16, 2025) 31 Agra Gwalior Highway Private Limited Wholly Owned Subsidiary (w.e.f. April 07, 2025) 32 Rajgarh Neemuch Power Transmission Limited Wholly Owned Subsidiary (w.e.f. September 29, 2025) 33 Indus Infra Trust Associate 34 GRIL – MSKEL (JV) Joint Operations 35 GR – TRIVENI (JV) Joint Operations 36 SBEPL – GRIL (JV) Joint Operations 37 Ravi Infra – GRIL – Shivakriti (JV) Joint Operations 38 GRIL – Cobra – KIEL (JV) Joint Operations 39 GR – Gawar (JV) Joint Operations 40 M/S. Dibang Power (Lot 4) Consortium (JV) Joint Operations
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(₹ in lakhs except per share data) Year ended Particulars 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Revenue from operations 1,60,213.96 1,98,778.99 1,39,432.59 3,58,992.95 3,42,462.97 7,39,470.41 II Other income 2,400.94 3,952.42 2,126.81 6,353.36 4,227.27 19,542.07 III Total income ( I + II ) 1,62,614.90 2,02,731.41 1,41,559.40 3,65,346.31 3,46,690.24 7,59,012.48 IV Expenses (a) Cost of material consumed 8,380.31 10,340.79 4,870.65 18,721.10 10,677.51 30,251.45 (b) Construction expenses 88,551.80 1,28,525.17 79,766.51 2,17,076.97 2,18,760.61 4,64,211.99 (c) (Increase) / decrease in inventories of finished goods and work in progress (304.23) (307.16) (13.14) (611.39) 24.89 2 17.31 (d) Employee benefits expense 13,931.63 14,869.50 14,547.62 28,801.13 31,750.16 60,434.28 (e) Finance costs 12,560.23 11,672.66 11,232.69 24,232.89 21,483.72 44,804.62 (f) Depreciation and amortisation expense 5,092.01 5,231.51 6,307.19 10,323.52 12,631.43 24,457.94 (h) Other expenses 10,950.60 5,536.59 4,957.63 16,487.19 9,135.04 20,731.50 Total expenses (IV) 1,39,162.35 1,75,869.06 1,21,669.15 3,15,031.41 3,04,463.36 6,45,109.09 V Profit before share of profit of associate, exceptional items and tax (III-IV) 23,452.55 26,862.35 19,890.25 50,314.90 42,226.88 1,13,903.39 VI Share of profit of associate 2,586.69 5,251.03 4,582.60 7,837.72 9,421.03 20,981.37 VII Profit before exceptional item and tax (V+VI) 26,039.24 32,113.38 24,472.85 58,152.62 51,647.91 1,34,884.76 VIII Exceptional items (refer note 6) - - 1,527.13 - (3,413.47) (1,226.09) IX Profit before tax (VII+VIII) 26,039.24 32,113.38 25,999.98 58,152.62 48,234.44 1,33,658.67 X Tax expense (a) Current tax 5,559.43 7,823.28 5,638.76 13,382.71 13,871.91 30,191.29 (b) Adjustment provision of tax for earlier period/year (net) - - - - - 194.09 (c) Deferred tax charge / (credit) 1,523.51 (150.53) 1,004.39 1,372.98 (601.97) 1,733.76 Total tax expense (X) 7,082.94 7,672.75 6,643.15 14,755.69 13,269.94 32,119.14 XI Profit for the period / year (IX-X) 18,956.30 24,440.63 19,356.83 43,396.93 34,964.50 1,01,539.53 XII Other comprehensive income Items that will not be reclassified to profit or loss in subsequent period/year : (a) Re-measurements (loss) / gain of defined benefit plans (92.45) (92.45) (153.28) (184.90) (306.57) (369.80) (9.83) 23.21 11.01 13.38 60.39 10.70 25.52 17.95 36.07 43.47 63.35 90.64 Total other comprehensive (loss) / income ( net of tax ) (XII) (76.76) (51.29) (106.20) (128.05) (182.83) (26 8.46) XIII Total comprehensive income for the period / year ( net of tax ) (XI+XII) 18,879.54 24,389.34 19,250.63 43,268.88 34,781.67 1,01,271.07 Profit for the period/ year attributable to: - Owner of the parent 19,261.68 24,405.62 19,327.68 43,667.30 34,873.01 1,01,433.56 - Non controlling interests (305.38) 35.01 29.15 (270.37) 91.49 105.97 Total other Comprehensive income attributable to: - Owner of the parent (76.76) (51.29) (106.20) (128.05) (182.83) (268.46) - Non controlling interests - - - - - - Total Comprehensive income attributable to: - Owner of the parent 19,184.92 24,354.33 19,221.48 43,539.25 34,690.18 1,01,165.10 - Non controlling interests (305.38) 35.01 29.15 (270.37) 91.49 105.97 XIV Paid up equity share capital (Face value of ₹ 5/- each) 4,838.04 4,837.03 4,836.08 4,838.04 4,836.08 4,837.03 XV Other equity (excluding revaluation reserves) as at balance sheet date 8,44,316.66 XVI - Basic earning per share - ( ₹) 19.91 25.23 19.99 45.14 36.07 104.88 - Diluted earning per share - ( ₹) 19.90 25.22 19.97 45.12 36.04 104.81 See accompanying notes to the unaudited consolidated financial results. G R INFRAPROJECTS LIMITED Sl. No. (c) Tax relating to above Earnings per share (EPS) - ( ₹) (of ₹ 5/- each) (not annualised for quarters and half years) Quarter ended Registered Office: Revenue Block No.-223, Old survey No. 384/1, 384/2, Paiki and 384/3, Khata No. 464, Kochariya, Ahmedabad, Gujarat - 382220. CIN: L45201GJ1995PLC098652 (b) Net (loss) / gain on of equity instruments through OCI STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30 ,2025 Half year ended
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G R Infraprojects Limited Consolidated Statement of Assets and Liabilities ₹ in Lakhs As at As at 30 September 2025 31 March 2025 (Unaudited) (Audited) Assets Non-current assets (a) Property, plant and equipment 99,221.34 1,08,245.36 (b) Capital work-in-progress 19,564.93 14,734.91 (c) Investment properties 19.66 19.66 (d) Other intangible assets 23.14 39.53 (e) Right of use assets 548.56 541.92 (f) Intangible asset under development 2,470.34 220.57 (g) Investment accounted for using equity method 2,13,378.35 2,16,152.26 (h) Financial assets (i) Investments 280.39 267.02 (ii) Other financial assets 3,66,033.25 3,19,260.12 (i) Deferred tax assets (net) 779.80 404.18 (j) Tax assets (net) 8,916.20 6,040.47 (k) Other assets 3,34,045.48 3,34,855.41 10,45,281.44 10,00,781.41 Current assets (a) Inventories 65,689.74 53,801.37 (b) Financial assets (i) Investments 44,999.23 33,030.13 (ii) Trade receivables 19,470.32 22,471.81 (iii) Cash and cash equivalents 16,906.99 64,921.52 (iv) Bank balances other than (iii) above 16,352.90 24,644.67 (v) Other financial assets 93,761.58 46,431.22 (c) Other assets 2,70,064.70 2,46,851.22 5,27,245.46 4,92,151.94 Assets held for sale ( refer note 9 ) 60,572.22 - Total Assets 16,33,099.12 14,92,933.35 Equity and liabilities Equity (a) Equity share capital 4,838.04 4,837.03 (b) Other equity 8,88,415.29 8,44,316.66 8,93,253.33 8,49,153.69 Non - controlling interest 896.29 1,166.66 8,94,149.62 8,50,320.35 Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 5,25,074.90 4,55,807.54 (ii) Lease liabilities 153.93 101.81 (b) Provisions 2,811.43 2,156.12 (c) Deferred tax liabilities (net) 15,538.79 14,582.93 5,43,579.05 4,72,648.40 Current liabilities (a) Financial liabilities (i) Borrowings 33,746.25 40,808.56 (ii) Lease liabilities 249.57 358.33 (iii) Trade payables (a) Total outstanding dues of micro enterprises and small enterprises 17,545.52 7,638.21 (b) Total outstanding dues of creditors other than micro enterprises and small enterprises 61,442.07 79,889.10 (iv) Other financial liabilities 8,908.85 10,905.86 (b) Other liabilities 19,248.85 17,909.84 (c) Provisions 9,839.17 8,871.42 (d) Current tax liabilities (net) 2,968.21 3,583.28 1,53,948.49 1,69,964.60 Liabilities held for sale ( refer note 9 ) 41,421.96 - 7,38,949.50 6,42,613.00 Total Equity and Liabilities 16,33,099.12 14,92,933.35 See accompanying notes to the unaudited consolidated financial results Total Liabilities Total equity Total Non-Current Assets Total Current Assets Equity attributable to owner of the parent Total Non-Current Liabilities Total Current Liabilities
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G R Infraprojects Limited NOTES: 1 2 The Group’s share in the income and expens es of the joint operations is as under: (₹ in lakhs) Year ended 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 Revenue (including other income) 4,956.41 6,644.78 5,304.93 11,601.19 11,609.86 25,323.64 Expenses (including income tax expense) 4,956.41 6,644.78 5,311.89 11,601.19 11,613.94 25,328.84 Share of (loss) in joint operations - - (6.96) - (4.08) (5.20) 3 Particulars Year ended 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 18,956.30 24,440.63 19,356.83 43,396.93 34,964.50 1,01,539.53 2 8,87,467.27 8,68,493.23 7,87,883.24 8,87,467.27 7,87,883.24 8,43,417.94 19.91 25.23 19.99 45.14 36.07 104.88 19.90 25.22 19.97 45.12 36.04 104.81 4 550.16 550.16 550.16 550.16 550.16 550.16 5 300.00 390.00 470.00 300.00 470.00 390.00 6 0.63 0.62 0.55 0.63 0.55 0.59 7 1.17 1.46 1.83 1.31 1.56 1.92 8 3.17 3.88 3.39 3.51 3.38 4.14 9 3.42 3.02 3.03 3.42 3.03 2.90 10 1.50 1.67 1.27 1.50 1.27 1.54 11 - - - - - 0.17 12 0.21 0.23 0.29 0.21 0.29 0.26 13 0.34 0.34 0.32 0.34 0.32 0.33 14 0.72 0.94 0.81 0.85 1.01 1.03 15 2.80 4.13 2.86 3.67 3.90 4.12 16 24.16% 20.03% 25.32% 21.87% 21.06% 22.13% 17 11.83% 12.30% 13.88% 12.09% 10.21% 13.73% Note : Above ratios are derived excluding amount disclosed under held for sale. 4 5 Half year ended Half year ended The listed non-convertible debentures of the Group aggregating to : (i) In case of the holding company, the outstanding amount of ₹ 21,500.00 lakhs as on September 30, 2025 are unsecured. (ii) In case of Rajgarh Transmission Limited, subsidiary company, the outstanding amount of ₹ 30,609.41 lakhs as on September 30, 2025 are secured by way of charge on current assets, escrow bank account and lien on 51% equity shares held by holding company. Th e security cover as on September 30, 2025 is 1.56 times of the principal amou nt outstanding of the said Non-Convertible Debentures. Net worth (₹ in lakhs) (Net worth is calculated as per section 2(57) of the Companies Act, 2013) Earnings per share (not annualised for the quarters and half years) ( ₹) - Basic earning per share 3 Quarter endedParticulars Sl. No. Quarter ended Bad debts to accounts receivable ratio (in times) (Trade receivable written off / Average account receivable) Debt Equity Ratio (in times) ( Total Debt / Total Equity ) Total Debt = Debt comprises of current borrowings (including current maturities of non current borrowings), non current borrowings. Total Equity = Net worth (Net worth is calculated as per section 2(57) of the Companies Act, 2013) Debt Service Coverage Ratio (in times) (Profit after tax + Interest expense + depreciation and amortisation expense + loss/(profit) on sale of PPE - exceptional items)/(principal repayment of non- current borrowings made during the quarter/half year/year + Interest expenses + lease payment) Capital redemption reserve (₹ in lakhs) Interest Service Coverage Ratio(in times) (Profit before tax and exceptional items + Total interest expense )/(Total interest expense) The above unaudited consolidated financial results for the quarter and half year ended September 30, 2025 ('the Statement') of G R Infraprojects Limi ted ('the Company' or 'the Holding Company/Parent') and its subsidiaries (collectively referred as a 'Group '), its associate and joint operations which are published in accordance w ith Regulation 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ('Listing Regulations'), have been reviewed and recommended by the Audit Committee and thereafter approved by the Board of Directors in their respective meetings held on November 10, 2025. These unaudited conso lidated financial results are prepared in accordance with the Companies (Indian Accounting Standards) R ules 2015 ( as amended) ("Ind AS") prescribed under section 133 of Companie s Act, 2013 and the other recognised accounting practices and policies to the extent applicable. The statutory auditor has performed limited review on th ese consolidated financial results. Profit after tax (₹ in lakhs) - Diluted earning per share Additional information as per regulation 52(4) of the Securities and Exchange Board of India ( Listing Obligations and Disclosu re Requirements) Regulations, 2015, as amended : Debenture redemption reserve (₹ in lakhs) The above financial information for the respective quarters, half year and year ended is solely based on management accounts and has not been subjecte d to review / audit by any auditor. In view of management, these joint operations are not material to overall performance and results of the Group. Current Ratio (in times) (Current assets / Current liabilities) Long term debt to working capital (in times) (Non current borrowing including current maturity) / (Current assets - Current liabilities)) Inventory turnover ratio ( in times) (Cost of goods sold (annualised) / Average Inventory) Net profit margin (%) (Profit for the period or year / revenue from operation) The law enforcement agency took into custody two NHAI officials posted at Regional office, Guwahati along with three employees of the company on June 1 2, 2022 and registered case under the Prevention of Corruption Act, 1988 read with the Indian Penal Code , 1860. Subsequently, all three employees were released on bail and the Com pany had also received summons and appeared through its authorized representative to Ld. Court. Currently, the matter is sub-judice and pending with Ld. Court and no charge s are framed against the Company or its employees till date. Simultaneously, the Company filed an application before the Hon’ble High Court of Guwahati, Assam (Hon’ble High Court) to challenge its involvement in the said matter wherein the Hon’ble High Court passed a stay order on the proceeding before in Ld. Court on December 16, 2024 and the matter is now pending with Hon’ble High Court. Co nsidering this, any impact of the matter on the financials results would be dependent upon the conclusion of the matter. Debtor turnover ratio (in times) (Revenue from operation (annualised) /Average account receivable) Average account receivable = Average trade receivables + average contract assets + average receivable under service concession) Operating margin (%) (Profit before Interest, depreciation, exceptional items, share of profit of associates and tax less other income/revenue from operation) Current liability ratio ( in times) (Current liabilities / Total Liabilities) Total Debt to Total assets (in times) (Total debt / Total assets) Total Debt = Debt comprises of current borrowings (including current maturities of non current borrowings), non current borrowings.
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NOTES (continued) : G R Infraprojects Limited 6 (a) (b) (c) 7 8 9 10 Consolidated segment wise revenue , results and capital employed : (₹ in Lakhs) Year ended 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1. Segment Revenue Engineering, Procurement and Construction 32,006.06 27,154.79 32,608.61 59,160.85 57,257.40 1,07,636.11 Build, Operate and Transfer (BOT) / Annuity Projects 1,15,375.71 1,55,900.67 98,149.64 2,71,276.38 2,65,439.19 5,81,229.72 Others 12,832.19 15,723.53 8,674.34 28,555.72 19,766.38 50,604.58 Revenue from operations 1,60,213.96 1,98,778.99 1,39,432.59 3,58,992.95 3,42,462.97 7,39,470.41 2. Segment Results Engineering, Procurement and Construction 3,692.28 1,658.58 11,271.55 5,350.86 14,580.48 20,555.21 Build, Operate and Transfer (BOT) / Annuity Projects 30,253.00 32,008.65 18,574.96 62,261.65 45,735.90 1,19,060.82 Others 2,859.23 4,126.52 2,276.59 6,985.75 5,999.55 14,132.43 Total 36,804.51 37,793.75 32,123.10 74,598.26 66,315.93 1,53,748.46 3. Add / (Less) Finance costs (12,560.23) (11,672.66) (11,232.69) (24,232.89) (21,483.72) (44,804.62) Unallocated expenses (3,192.67) (3,211.16) (3,126.97) (6,403.83) (6,832.60) (14,582.52) Other income 2,400.94 3,952.42 2,126.81 6,353.36 4,227.27 19,542.07 Profit before share of profit in associate, exceptional items and tax 23,452.55 26,862.35 19,890.25 50,314.90 42,226.88 1,13,903.39 Share of Profit in associate 2,586.69 5,251.03 4,582.60 7,837.72 9,421.03 20,981.37 Profit before exceptional item and tax 26,039.24 32,113.38 24,472.85 58,152.62 51,647.91 1,34,884.76 Exceptional items (refer note 6 ) - - 1,527.13 - (3,413.47) (1,226.09) Profit before tax 26,039.24 32,113.38 25,999.98 58,152.62 48,234.44 1,33,658.67 4. Segment Assets Engineering, Procurement and Construction 1,09,077.88 89,817.60 76,718.13 1,09,077.88 76,718.13 68,666.85 Build, Operate and Transfer (BOT) / Annuity Projects 11,62,652.67 11,18,843.64 9,61,512.79 11,62,652.67 9,61,512.79 10,27,441.27 Others 39,956.36 37,647.29 29,302.91 39,956.36 29,302.91 34,584.80 Total 13,11,686.91 12,46,308.53 10,67,533.83 13,11,686.91 10,67,533.83 11,30,692.92 Add : Unallocated 3,21,412.21 3,13,771.06 2,87,841.08 3,21,412.21 2,87,841.08 3,62,240.43 Total Assets 16,33,099.12 15,60,079.59 13,55,374.91 16,33,099.12 13,55,374.91 14,92,933.35 5. Segment Liabilities Engineering, Procurement and Construction 64,853.94 56,694.30 51,783.35 64,853.94 51,783.35 55,139.40 Build, Operate and Transfer (BOT) / Annuity Projects 6,26,578.94 5,69,302.94 4,15,070.19 6,26,578.94 4,15,070.19 5,14,828.55 Others 3,989.60 3,163.88 5,512.98 3,989.60 5,512.98 4,933.07 Total 6,95,422.48 6,29,161.12 4,72,366.52 6,95,422.48 4,72,366.52 5,74,901.02 Add : Unallocated 43,527.02 56,044.21 87,379.98 43,527.02 87,379.98 67,711.98 Total Liabilities 7,38,949.50 6,85,205.33 5,59,746.50 7,38,949.50 5,59,746.50 6,42,613.00 Capital employed 8,94,149.62 8,74,874.26 7,95,628.41 8,94,149.62 7,95,628.41 8,50,320.35 (Segment Assets (4) - Segment Liabilities (5)) 11 12 13 For G R Infraprojects Limited Ajendra Kumar Agarwal Managing Director DIN: 01147897 Place : Gurugram Date : 10 November 2025 Half year ended Previous quarter/half year/year ended figure have been regrouped / reclassified, wherever necessary, to conform to current period's classifications. The Group has reported segment information as per Indian Accounting Standard 108 "Operating Segment". The identification of operating segment is co nsistent with performance assessment and resource allocation by the management. The main business segments are : a. Engineering, Procurement and Construction includes Construction activity for roads, railways and other infra facilities. b. Build, Operate and Transfer (BOT) / Annuity projects segment consist of construction, operation and maintenance of roads and other infra assets under concession agreements. c. Others segment consist of sale of products, job work charges and other operating in come. The assets and liabilities that cannot be allocated between the segm ents are shown as unallocated assets and liabilities respectively. Unaudited statement of consolidated cash flow for the half year ended September 30, 2025 and September 30, 2024 is given in Ann exure I Particulars Quarter ended Investor can view the unaudited consolidated financial results of the Group for the quarter and half year ended September 30, 2025 on the Holding Compa ny’s website www.grinfra.com or on the website of the stock exchange www.bseindia.com and www.nseindia.com. During the half year, the Company acquired 100% equity shares in Rajgarh Neemach Power Transmission Limited (“RNPT”) for total consideration of ₹ 1,888.04 lakhs as per the share purchase agreement entered with REC Power Development and Consultancy Limit ed (“RECPDCL”), dated 29th September 2025 pursuant to bid condition, co nsidering that the Company has been identified selected bidder vide letter of intent dated August 27, 2025 for the project "Transmission system for evacuation of power f rom RE projects in Neemach (1000 MW) SEZ in Madhya Pradesh - Phase II through tariff based competitive bidding process (TBCB)". This has been accordingly accounted in these consolidated financial results. Subsequent to quarter and half year ended September 30, 2025, the Income Tax Depa rtment (“the department”) conducted a search under section 132 of the Income Tax Act, 1961 (“the Act”) at certain locations of the Company along with residence of Promoters, few members of promoter group, CFO and few employees. During the search pr oceeding, the Company extended full cooperation to the department and has provided all requested information. The Department has taken certain documents, few laptops and data back-ups for further investigation including cash balance of Rs 185 lakhs which was already recorded in the books. The business and operations of the Company continued wit hout any disruptions and no demands have raised on the Company as of date. While uncertainty exists based on further communication from department, after considering all available information as of date, the company has co mplied with the requirement of the Act and does not expect any material adverse impact on the financial position and hence, no adjustments are required to mad e in these unaudited consolidated financial results. Pursuant to approval of Board of Directors in their Meeting dated September 26, 2025 for the proposed sale and transfer of 100% stake of the Company in it s wholly owned subsidiaries namely GR Bahadurganj Araria Highway Private Limited (“GBAHPEL”) to the Indus Infra Trust (“the Trust”) subject to regulatory, lenders and other app licable approvals, the carrying value of the assets and liabilities of aforesaid subsidiary have been classified as assets held for sale in accordance with Ind AS 105 – “Non-C urrent Assets Held for Sale and Discontinuing Operations." During the previous year, the Holding Company has sold its 100% stake in its wholly owned subsidiary namely GR Galgalia Bahadurganj Highway Private Li mited ("GRGBHPL") to Indus Infra Trust on March 27, 2025 for sale consideration of ₹ 4,636.84 lakhs. The resultant gain of ₹ 2,187.38 lakhs has been disclosed as an exceptional item in the respective period. During the previous year, Indus Infra Trust claimed ₹ 4,940.60 lakhs for loss incurred by one of its wholly owned subsidiary i.e. Varanasi Sangam Expressway Private Limited (“SPV”) as a result of change in completion cost by Authority retrospectively, whi ch affected all past and future payments of annuity, interest on annuity and O&M. The said loss has been covered under indemnity provided by the Holding Company to the InvIT under share purchase agreement dated February 20, 2024. Accordingly, the Holdin g Company compensated for this loss and therefore recorded such expenses through profit and loss account and was disclosed under exceptional items during the respective period. During the previous year, the Holding Company has sold its 100% stake in its wholly owned subsidiary namely GR Aligarh Kanpur Highway Private Limited ( "GRAKHPL") to Indus Infra Trust on September 16, 2024 for sale consideration of ₹ 9,860.90 lakhs. The resultant gain of ₹ 1,527.13 lakhs has been disclosed as an exceptional item in the respective period. AJENDRA KUMAR AGARWAL Digitally signed by AJENDRA KUMAR AGARWAL Date: 2025.11.10 18:54:11 +05'30'
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G R Infraprojects Limited Annexure 1 - Statement of Consolidated Cash Flow ₹ in Lakhs Half year ended Half year ended 30 September 2025 30 September 2024 (Unaudited) (Unaudited) A Cash flows from operating activities Profit before tax 58,152.62 48,234.44 Adjustment to reconcile profit before tax to net cash flows: Depreciation and amortisation expense 10,323.52 12,631.43 Allowances for expected credit loss (Provision for doubtful trade receivable) 3,558.21 2,677.47 Reversal of provision for doubtful advances, net (41.69) (112.84) Exceptional items (refer note 6) - 3,413.47 Share based payment expenses 358.17 282.66 Interest income on financial assets (1,346.37) (1,388.44) Share of profit in associate (7,837.72) (9,421.03) Gain on sale of liquid investments (1,180.50) (232.87) Fair value (gain) on financial assets measured at FVTPL (net) (980.92) (26.80) Finance income on financial assets / contract assets (42,879.98) (34,819.59) Net foreign exchange difference (unrealised) (458.22) (60.05) Profit on sale of property, plant and equipment (net) (1,287.50) (1,365.83) Finance costs 24,232.89 21,483.72 Operating Profit before Working Capital changes 40,612.51 41,295.74 Adjustments for changes in working capital : (Increase) in financial and non financial assets (47,988.32) (33,905.53) (Increase) in receivable from service concession arrangements (99,682.15) (1,57,446.70) (Increase) / Decrease in inventories (11,888.37) 14,263.49 (Increase) / Decrease in trade receivables (637.09) 5,316.87 (Decrease) in trade payables (8,580.89) (17,018.59) Increase / (Decrease) in provisions, financial and non financial liabilities 2,238.89 (10,885.58) Cash (used in) operating activities (1,25,925.42) (1,58,380.30) Income tax paid (net, of refunds) (16,971.31) (10,414.93) Net Cash (used in) operating activities (A) (1,42,896.73) (1,68,795.23) B Cash Flows from Investing Activities (10,301.10) (6,362.57) (2,170.76) 2,515.38 Proceeds from sale of items of property, plant and equipment 4,085.66 - Proceeds from sale of equity shares in subsidiary company (including assignment of loan receivables) (refer note 6) - 28,170.73 Redemption of investment in associate 1,292.69 - Acquisition of subsidiaries, net of cash and cash equivalents (refer note 7) (1,883.04) (667.13) Distribution/dividend received from associate 2,103.03 10,688.80 Earmarked balance with banks 1,026.80 - Purchase of liquid funds/debt instrument (net) (9,807.68) (8,762.05) Investment in bank deposits having original maturity more than three months (15,551.68) (3,904.65) Redemptions in bank deposits having original maturity more than three months 21,795.77 2,144.87 Interest received 27,406.65 9,991.77 Net Cash generated from investing activities (B) 17,996.34 33,815.15 C Cash Flows from Financing Activities Proceeds from issue of equity shares 202.22 324.33 Dividend paid to shareholders (1,026.80) - Proceeds from non-current borrowings 1,37,788.47 1,46,380.00 Repayment of non-current borrowings (34,355.97) (24,219.03) Proceeds from current borrowings (net) - 2,504.89 Payment of lease liabilities (293.39) (429.79) Interest paid (24,583.05) (21,651.01) Net cash generated from financing activities (C) 77,731.48 1,02,909.39 Net Increase in cash and cash equivalents (A+B+C) (47,168.91) (32,070.69) Cash and cash equivalents at the beginning of the period 64,921.52 53,387.39 Less : On account of assets held for sales (refer note 9) (845.62) - Cash and cash equivalents at the end of the period 16,906.99 21,316.70 See accompanying notes to the unaudited consolidated financial results Payments for purchase of items of property, plant and equipment and capital work in progress Payments for purchase of items of intangible asset under development and other intangible assets
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21st Floor, B Wing, Privilon Ambli BRT Road, Behind Iskcon Temple Off SG Highway, Ahmedabad - 380 059, India Tel: +91 79 6608 3900 Chartered Accountants S R B C & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318 Regd. OfÕce : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors of G R Infraprojects Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of G R Infraprojects Limited (the “Company”) which includes Seven Joint Operations for the quarter ended September 30, 2025 and year to date from April 1, 2025 to September 30, 2025 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). 2. The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to note 4 of the Statement, regarding an ongoing regulatory matter which is sub- judice before Hon’ble High Court of Gauhati, Assam. Pending conclusion of the matter and outcome of the same, no adjustments have been made to the standalone financial results in this regard. Our conclusion is not modified in respect of this matter. 6. The accompanying Statement include interim unaudited financial results and other unaudited financial information in respect of 7 joint operations, whose interim financial results and other financial information include total assets of ༤ 8,072.55 lakhs as at September 30, 2025, total revenues of ༤ 4,956.41 lakhs and ༤ 11,601.19 lakhs, total net profit after tax of Nil and Nil and total comprehensive profit of NIL and NIL for the quarter ended September 30, 2025 and for the period from April 1, 2025 to September 30, 2025 respectively and net cash outflow of ༤ 1,592.30 lakhs for the period from April 1, 2025 to September 30, 2025, as considered in the Statement based on their unaudited interim financial results and other unaudited financial information. These interim unaudited financial results and other unaudited financial information of these joint
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Chartered Accountants operations have not been reviewed by their auditors and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these joint operations, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these unaudited interim financial results and other unaudited financial information are not material to the Company. Our conclusion on the Statement is not modified in respect of this matter. For S R B C & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 __________________________________ per Sukrut Mehta Partner Membership No.: 101974 UDIN: 25101974BMODCW1074 Place: Ahmedabad Date: November 10, 2025 Digitally signed by Sukrut Shardul Mehta DN: cn=Sukrut Shardul Mehta, o=Personal, email=Sukrut.mehta@srb.in Date: 2025.11.10 19:04:35 +05'30' Sukrut Shardul Mehta
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(₹ in lakhs except per share data) Year ended Particulars 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Revenue from operations 1,23,368.98 1,82,613.54 1,12,808.08 3,05,982.52 3,02,462.47 6, 51,556.78 II Other income 11,835.29 11,625.92 13,108.41 23,461.21 23,922.31 50,03 4.40 III Total income ( I + II ) 1,35,204.27 1,94,239.46 1,25,916.49 3,29,443.73 3,26,384.78 7, 01,591.18 IV Expenses (a) Cost of material consumed 8,380.31 10,340.79 4,870.65 18,721.10 10,677 .51 30,251.45 (b) Construction expenses 86,107.49 1,31,344.00 78,529.76 2,17,451.49 2,16,780.53 4,55,518.44 (c) (Increase) / decrease in inventories of finished goods and work in progress (304.23) (307.16) (13.14) (611.39) 24.89 217.31 (d) Employee benefits expense 13,951.25 14,919.71 14,579.09 28,870.96 31,770.4 9 60,534.40 (e) Finance costs 1,130.01 1,187.79 2,141.63 2,317.80 4,948.82 8,568.67 (f) Depreciation and amortisation expense 5,104.96 5,242.69 6,314.88 10,347.65 12,639.12 24,483.22 (g) Other expenses 3,192.67 3,211.16 3,126.97 6,403.83 6,832.60 14,582.52 Total expenses (IV) 1,17,562.46 1,65,938.98 1,09,549.84 2,83,501.44 2,83,673.96 5,94,1 56.01 V Profit before exceptional items and tax (III–IV) 17,641.81 28,300.48 16,366.65 45,942.29 42,710.82 1,07,435.17 VI Exceptional items (refer note 5) - - 3,560.90 - (1,379.70) 2,357.14 VII Profit before tax (V+VI) 17,641.81 28,300.48 19,927.55 45,942.29 41,331.12 1,09,792.31 VIII Tax expense (a) Current tax 4,724.95 7,104.45 5,644.07 11,829.40 13,684.88 28,426.03 (b) Adjustment provision of tax for earlier period/year (net) - - - - - 390.13 (c) Deferred tax (credit) / charge (167.14) (384.00) 2,801.48 (551.14) 968.24 315.46 Total tax expense (VIII) 4,557.81 6,720.45 8,445.55 11,278.26 14,653.12 29,131.62 IX Profit for the period / year (VII-VIII) 13,084.00 21,580.03 11,482.00 34,664.03 26,678.00 80,660.69 X Other comprehensive income Items that will not be reclassified to profit or loss in subsequent period/year : (a) Re-measurements (loss) / gain of defined benefit plans (92.45) (92.45) (153.28) (184.90) (306.57) (369.80) (b) Net (loss) / gain on of equity instruments through OCI (9.83) 23.21 11.01 13.38 60.39 10.70 (c) Tax relating to above 25.52 17.95 36.07 43.47 63.35 90.64 Total other comprehensive (loss) / income (net of tax ) (X) (76.76) (51.29) (106.20) (128.05) (182.83) (268.46) XI Total comprehensive income for the period / year (net of tax) (IX+X) 13,007.24 21,528.74 11,375.80 34,535.98 26,495.17 80,392.23 XII Paid up equity share capital (Face value of ₹ 5/- each) 4,838.04 4,837.03 4,836.08 4,838.04 4,836.08 4,837.03 XIII Other equity (excluding revaluation reserves) as at balance sheet date 7,83,937.17 XIV Earnings per share (EPS) - ( ₹)( o f ₹ 5/- each) (not annualised for quarters and half years) -Basic earning per share - (₹) 13.52 22.31 11.87 35.83 27.59 83.40 -Diluted earning per share - (₹) 13.51 22.30 11.87 35.82 27.57 83.35 See accompanying notes to the unaudited standalone financial results. STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025 Registered Office: Revenue Block No.-223, Old survey No. 384/1, 384/2, Paiki and 384/3, Khata No. 464, Kochariya, Ahmedabad, Gujarat - 382220. CIN: L45201GJ1995PLC098652 G R INFRAPROJECTS LIMITED Sl. No. Quarter ended Half year ended
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G R Infraprojects Limited Standalone Statement of Assets and Liabilities ₹ in Lakhs As at As at 30 September 2025 31 March 2025 (Unaudited) (Audited) Assets Non-current assets (a) Property, plant and equipment 97,541.76 1,06,936.05 (b) Capital work-in-progress 16,932.71 13,720.27 (c) Other intangible assets 23.14 39.53 (d) Right of use assets 548.56 541.92 (e) Intangible asset under development 111.00 - (f) Financial assets (i) Investments 2,92,756.79 2,67,968.81 (ii) Loans 1,72,369.77 1,44,220.75 (iii) Other financial assets 210.08 408.39 (g) Tax assets (net) 2,337.59 1,738.75 (h) Other assets 2,304.62 2,052.20 5,85,136.02 5,37,626.67 Current assets (a) Inventories 58,272.33 53,801.37 (b) Financial assets (i) Investments 40,100.05 31,332.11 (ii) Trade receivables 1,68,634.34 1,84,217.44 (iii) Cash and cash equivalents 7,881.02 42,327.35 (iv) Bank balances other than (iii) above 1,142.47 16,169.38 (v) Other financial assets 8,432.65 5,918.70 (c) Other assets 95,366.69 1,08,608.81 3,79,829.55 4,42,375.16 Assets held for sale (refer note 9) 14,707.74 - Total Assets 9,79,673.31 9,80,001.83 Equity and liabilities Equity (a) Equity share capital 4,838.04 4,837.03 (b) Other equity 8,19,032.53 7,83,937.17 8,23,870.57 7,88,774.20 Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 23,020.91 36,290.14 (ii) Lease liabilities 153.93 101.81 (b) Provisions 2,811.43 2,156.12 (c) Deferred tax liabilities (net) 17,706.68 18,301.28 43,692.95 56,849.35 Current liabilities (a) Financial liabilities (i) Borrowings 974.40 14,943.87 (ii) Lease liabilities 249.57 358.33 (iii) Trade payables (a) Total outstanding dues of micro enterprises and small enterprises 14,765.84 4,992.86 (b) Total outstanding dues of creditors other than micro enterprises and small enterprises 60,736.68 79,403.79 (iv) Other financial liabilities 8,898.39 10,865.81 (b) Other liabilities 13,966.25 11,370.37 (c) Provisions 9,839.17 8,871.42 (d) Current tax liabilities (net) 2,679.49 3,571.83 1,12,109.79 1,34,378.28 1,55,802.74 1,91,227.63 Total Equity and Liabilities 9,79,673.31 9,80,001.83 See accompanying notes to the unaudited standalone financial results Total Liabilities Total Non-Current Assets Total Current Assets Total Equity Total Non-Current Liabilities Total Current Liabilities
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G R Infraprojects Limited NOTES: 1 2 3 (₹ in lakhs) Particulars Year ended 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 Revenue (including other income) 4,956.41 6,644.78 5,304.93 11,601.19 11,609.86 25,323.64 Expenses (including income tax expense) 4,956.41 6,644.78 5,311.89 11,601.19 11,613.94 25,328.84 Share of (loss) in joint operations - - (6.96) - (4.08) (5.20) 4 5 (a) (b) (c) 6 7 8 9 The law enforcement agency took into custody two NHAI officials posted at Regional office, Guwahati along with three employees of the company on June 1 2, 2022 and registered case under the Prevention of Corruption Act, 1988 read with the Indian Penal Code, 1860. Subsequently, all three employees were released o n bail and the Company had also received summons and appeared through its authorized representative to Ld. Court. Currently, the matter is sub-judice and pending with Ld. C ourt and no charges are framed against the Company or its employees till date. Simultaneously, the Company filed an application before the Hon’ble High Court of Guwahati, Assam (Hon’ble High Court) to challenge its involvement in the said matter wherein the Hon’ble High Court passed a stay order on the proceeding before in Ld. Court on December 16, 2024 and the matter is now pending with Hon’ble Hi gh Court. Considering this, any impact of the matter on the financials results would be dependent upon the conclusion of the matter. The above unaudited standalone financial results for the quarter and half year ended September 30, 2025 ('the Statement') of G R Infraprojects Limite d ('the Company') which are published in accordance with Regulation 33 and 52 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requireme nts) Regulations, 2015 as amended ('Listing Regulations'), have been reviewed and recommended by the Audit Committee and thereafter approved by the Board of Directors in thei r respective meetings held on November 10, 2025. These unaudited standalone financial results are prepared in accordance with the Companies (IndianAccounting Standards) Rules2015 ( as amended) ("Ind AS") prescribed under section 133 of Companies Act, 2013 and the other recognised accounting practices and policies to the extent applicable. T he statutory auditor has performed limited review of these standalone financial results. As permitted by paragraph 4 of Ind AS 108, "Operating Segments", notified under section 133 of the Companies Act, 2013, read together with the relevant rules issued thereunder, if a single financial report contains both consolidated financial results and the standalone financial results of the parent, segment information n eed to be presented only on the basis of the consolidated financial results. Thus, disclosure required by Regulation 33 and 52 of the SEBI (Listing Obligations & Disclosure Require ments) Regulations, 2015 on segment wise revenue results and capital employed are given in consolidated financial results. The above financial information for the respective quarter, half year and year end is solely based on management accounts and has not been subjected to review / audit by any auditor. In view of management, these joint operations are not material to overall performance and results of the Company. The listed non-convertible debentures of the Company aggregating to ₹ 21,500 lakhs outstanding as on September 30, 2025 are unsecured. The Company’s share in the income and expenses of the joint operations is as under: During the previous year, Indus Infra Trust claimed ₹ 4,940.60 lakhs for loss incurred by one of its wholly owned subsidiary i.e. Varanasi Sangam Expressway Private Limited as a result of change in completion cost by Authority retrospectively, which affected all past and future payments of annuity, interest on annuity and O& M. The said loss has been covered under indemnity provided by the Company to the InvIT under share purchase agreement dated February 20, 2024. Accordingly, the Company compen sated for this loss and therefore recorded such expenses through profit and loss account and was disclosed under exceptional items during the respective period. Quarter ended During the previous year, the Company sold its 100% stake in its wholly owned subsidiary namely GR Aligarh Kanpur Highway Private Limited ("GRAKHPL") to Indus Infra Trust on September 16, 2024 for sale consideration of ₹ 9,860.90 lakhs and received ₹ 24,085.61 lakhs for assignment of loan receivables. The resultant gain of ₹ 3,560.90 lakhs has been disclosed as an exceptional item in the respective period. During the previous year, the Company sold its 100% stake in its wholly owned subsidiary namely GR Galgalia Bahadurganj Highway Private Limited ("GRG BHPL") to Indus Infra Trust on March 27, 2025 for sale consideration of ₹ 4,636.84 lakhs and received ₹ 17,921.17 lakhs for assignment of loan receivables. The resultant gain of ₹ 3,736.84 lakhs has been disclosed as an exceptional item in the respective period. Half year ended During the half year, the Company acquired 100% equity shares in Rajgarh Neemach Power Transmission Limited (“RNPT”) for total consideration of ₹ 1,888.04 lakhs as per the share purchase agreement entered with REC Power Development and Consultancy Limited (“RECPDCL”), dated 29th September 2025 pursuant to bid condition, considering that the Company has been identified selected bidder vide letter of intent dated August 27, 2025 for the project "Transmission system for evacuation of pow er from RE projects in Neemach (1000 MW) SEZ in Madhya Pradesh - Phase II through tariff based competitive bidding process (TBCB)". This has been accordingly accounted in th ese standalone financial results. Subsequent to quarter and half year ended September 30, 2025, the Income Tax Department (“the department”) conducted a search under section 132 of the Income Tax Act, 1961 (“the Act”) at certain locations of the Company along with residence of Promoters, few members of promoter group, CFO and few employees. During the sea rch proceeding, the Company extended full cooperation to the department and has provided all requested information. The Department has taken certain documents, few lap tops and data back-ups for further investigation including cash balance of Rs 185 lakhs which was already recorded in the books. The business and operations of the Company co ntinued without any disruptions and no demands have raised on the Company as of date. While uncertainty exists based on further communication from department, after considering all available information as of date, the company has complied with the requirement of the Act and does not expect any material adverse impact on the financial position and hence, no adjustments are required to made in these unaudited st andalone financial results. Pursuant to approval of Board of Directors in their Meeting dated September 26, 2025 for the proposed sa le and transfer of 100% st ake of the Company in it s wholly owned subsidiaries namely GR Bahadurganj Araria Highway Private Limited (“GBAHPEL”) to the Indus Infra Trust (“the Trust”) subject to regulatory, lender s and other applicable approvals, the carrying value of the investments and loans given to aforesaid subsidiary have been classified as assets held for sale in accordance with Ind AS 105 – “Non-Current Assets Held for Sale and Discontinuing Operations."
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NOTES (Continued) : G R Infraprojects Limited 10 Particulars Year ended 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Profit after tax (₹ in lakhs) 13,084.00 21,580.03 11,482.00 34,664.03 26,678.00 80,660.69 2 Net worth (₹ in lakhs) (Net worth is calculated as per section 2(57) of the Companies Act, 2013) 8,18,084.51 8,05,288.15 7,40,081.61 8,18,084.51 7,40,081.61 7,83,038.45 Earnings per share (not annualised for the quarters and half years) ( ₹) - Basic earning per share 13.52 22.31 11.87 35.83 27.59 83.40 - Diluted earning per share 13.51 22.30 11.87 35.82 27.57 83.35 4 Capital redemption reserve (₹ in lakhs) 550.16 550.16 550.16 550.16 550.16 550.16 5 Debenture redemption reserve (₹ in lakhs) - - - - - - 6 Debt Equity Ratio (in times) (Total Debt / Total Equity ) Total Debt = Debt comprises of current borrowings( including current maturities of non current borrowings), non current borrowings. Total Equity = Net worth (Net worth is calculated as per section 2(57) of the Companies Act, 2013) 0.03 0.05 0.09 0.03 0.09 0.07 7 Debt Service Coverage Ratio (in times) (Profit after tax + Interest expense + depreciation and amortisation expense + loss/(profit) on sale of PPE - exceptional items)/(principal repayment of non- current borrowings made during the quarter/half year/year + Interest expenses + lease payment) 1.38 1.82 2.94 1.61 1.80 2.71 8 Interest Service Coverage Ratio(in times) (Profit before tax and exceptional items + Total interest expense )/(Total interest expense) 29.50 29.65 9.66 29.60 11.73 16.62 9 Current Ratio (in times) (Current assets / Current liabilities ) 3.39 3.37 3.13 3.39 3.13 3.29 10 Long term debt to working capital (in times) (Non current borrowing including current maturity) / (Current assets - Current liabilities) 0.09 0.12 0.22 0.09 0.22 0.17 11 Bad debts to accounts receivable ratio (in times) (Trade receivable written off/ Average account receivable) - - - - - 0.03 12 Current liability ratio ( in times) (Current liabilities / Total Liabilities) 0.72 0.69 0.70 0.72 0.70 0.70 13 Total Debt to Total assets (in times) (Total debt / Total assets) Total Debt = Debt comprises of current borrowings (including current maturities of non current borrowings), non current borrowings. 0.02 0.04 0.07 0.02 0.07 0.05 14 Debtor turnover ratio (in times) (Revenue from operation ( annualised) /Average account receivable) Average account receivable = Average trade receivables + average contract asset) 2.04 2.84 1.63 2.55 2.32 2.59 15 Inventory turnover ratio ( in times) (Cost of goods sold ( annualised) / Average Inventory) 3.18 4.92 2.86 4.20 3.90 4.12 16 Operating margin (%) (Profit before interest, Depreciation, exceptional items and tax less other income/revenue from operation) 9.76% 12.65% 10.38% 11.49% 12.03% 13.88% 17 Net profit margin (%) (Profit for the period or year / revenue from operation) 10.61% 11.82% 10.18% 11.33% 8.82% 12.38% 11 12 13 For G R Infraprojects Limited Ajendra Kumar Agarwal Managing Director DIN: 01147897 Place : Gurugram Date : 10 November 2025 Sl. No. Quarter ended Additional information as per regulation 52(4) of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended : 3 Previous quarter/half year/year ended figure have been regrouped / reclassified, wherever necessary, to conform to current year's classifications. Investors can view the unaudited standalone financial results of the Company for the quarter and half year ended September 30, 2025 on the Company’s we bsite www.grinfra.com or on the website of the stock exchange www.bseindia.com and www.nseindia.com. Unaudited statement of standalone cash flow for the half year ended September 30, 2025 and September 30, 2024 is given in Annexure I. Half year ended AJENDRA KUMAR AGARWAL Digitally signed by AJENDRA KUMAR AGARWAL Date: 2025.11.10 18:54:35 +05'30'
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G R Infraprojects Limited Annexure 1 - Statement of Standalone Cash Flow ₹ in Lakhs Half year ended Half year ended 30 September 2025 30 September 2024 (Unaudited) (Unaudited) A Cash flows from operating activities Profit before tax 45,942.29 41,331.12 Adjustment to reconcile profit before tax to net cash flows: Depreciation and amortisation expense 10,347.65 12,639.12 Allowance for expected credit losses (Provision for doubtful trade receivable) 832.93 2,443.36 Reversal of provision for doubtful advances, net (37.71) - Exceptional items (refer note 5) - 1,379.70 Share based payment expenses 358.17 282.66 Interest income on loan and financial assets (16,008.64) (10,288.81) Dividend income from associate (2,103.03) (10,688.80) Gain on sale of liquid investments (1,084.46) (228.24) Fair value (gain) on financial assets measured at FVTPL (net) (970.30) (19.04) Net foreign exchange differences (unrealised) (458.22) (60.05) Profit on sale of property, plant and equipment (net) (1,288.44) (1,365.65) Finance costs 2,317.80 4,948.82 Operating Profit before Working Capital changes 37,848.04 40,374.19 Adjustments for changes in working capital : Decrease in financial and non-financial assets 11,443.53 25,265.04 (Increase) / Decrease in inventories (4,470.96) 14,263.49 Decrease / (Increase) in trade receivables 14,750.17 (50,250.61) (Decrease) in trade payables (8,942.57) (17,494.50) Increase / (Decrease) in provisions, financial and non-financial liabilities 3,343.63 (12,157.85) Cash generated from / (used in) operating activities 53,971.84 (0.24) Income tax paid (net, of refunds) (13,320.58) (9,058.70) Net Cash generated from / (used in) operating activities (A) 40,651.26 (9,058.94) B Cash flows from investing activities (7,457.30) (5,684.17) (31.99) (6.84) Proceeds from sale of items of property, plant and equipment 4,085.66 2,515.20 Loans given to subsidiaries (43,169.75) (24,479.17) Loans repaid by subsidiaries 9,331.63 3,324.28 Investment in subsidiaries (including perpetual debts) (25,079.24) (7,066.35) Proceeds from sale of equity shares in subsidiary company (including assignment of loan receivables) (refer note 5) - 29,005.91 Redemption of investment in associate 1,292.69 - Purchase of equity shares in subsidiaries (including loan) (refer note 7) (1,888.04) (672.13) (Purchase) of liquid funds/debt instrument (net) (6,713.18) (7,747.47) Earmarked balance with banks 1,026.80 - Investment in bank deposits having original maturity more than three months (484.68) (134.65) Redemptions in bank deposits having original maturity more than three months 14,312.30 2,872.73 Distribution/dividend received from associate 2,103.03 10,688.80 Interest received 7,994.80 3,633.57 Net Cash (used in) / generated from investing activities (B) (44,677.27) 6,249.71 C Cash flows from financing activities Proceeds from Issue of equity shares 202.22 324.33 Dividend paid to shareholders (1,026.80) - Proceeds from non-current borrowings - 12,500.00 Repayment of non-current borrowings (26,246.16) (19,610.68) Proceeds from current borrowings (net) - 2,504.89 Payment of lease liabilities (293.39) (429.79) Interest paid (3,056.19) (4,655.50) Net cash (used in) financing activities (c) (30,420.32) (9,366.75) Net Increase in cash and cash equivalents (A+B+C) (34,446.33) (12,175.98) Cash and cash equivalents at the beginning of the period 42,327.35 25,939.69 Cash and cash equivalents at the end of the period 7,881.02 13,763.71 See accompanying notes to the unaudited standalone financial results Payments for purchase of items of property, plant and equipment and capital work in progress Payments for purchase of items of other intangible assets and intangible under development
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Amount in (Lakhs) Details of the party (listed entity /subsidiary) entering into the Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) Notes 1 G R Infraprojects Limited Mr. Purshottam Agarwal Promoter and Brother of Mr. Ajendra Kumar Agarwal & Mr. Vinod Kumar Agarwal Any other transaction Rent Paid 150.00 NA 1.44 0.00 0.00 2 G R Infraprojects Limited Mrs. Lalita Agarwal Spouse of Mr. Ajendra Kumar Agarwal Any other transaction Rent Paid 10.00 NA 2.88 0.00 0.00 3 G R Infraprojects Limited Mrs. Suman Agarwal Spouse of Mr. Vinod Kumar Agarwal Any other transaction Rent Paid 6.00 NA 1.80 0.00 0.00 4 G R Infraprojects Limited Mr. Vinod Kumar Agarwal Chairman & Wholetime Director & Promoter Remuneration 1000.00 NA 391.58 0.00 0.00 5 G R Infraprojects Limited Mr. Ajendra Kumar Agarwal Managing Director & Promoter Remuneration 1000.00 NA 412.00 0.00 0.00 6 G R Infraprojects Limited Mr. Vikas Agarwal Wholetime Director Remuneration 500.00 NA 180.00 0.00 0.00 7 G R Infraprojects Limited Mr. Anand Rathi Chief Financial Officer Remuneration NA 105.88 0.00 0.00 8 G R Infraprojects Limited Mr. Sudhir Mutha Company Secretary Remuneration NA 24.55 0.00 0.00 9 G R Infraprojects Limited Mr. Devki Nandan Agarwal Brother of Mr. Ajendra Kumar Agarwal & Mr. Vinod Kumar Agarwal & Father of Mr. Vikas Agarwal Remuneration 500.00 NA 240.00 0.00 0.00 10 G R Infraprojects Limited Mr. Mahendra kumar Agarwal Brother of Mr. Ajendra Kumar Agarwal & Mr. Vinod Kumar Agarwal Remuneration 500.00 NA 240.00 0.00 0.00 11 G R Infraprojects Limited Mr. Purshottam Agarwal Promoter and Brother of Mr. Ajendra Kumar Agarwal & Mr. Vinod Kumar Agarwal Remuneration 150.00 NA 60.00 0.00 0.00 12 G R Infraprojects Limited Mr. Pankaj Agarwal Brother of Mr. Vikas Agarwal Remuneration 400.00 NA 180.00 0.00 0.00 13 G R Infraprojects Limited Mr. Archit Agarwal Son of Mr. Ajendra Kumar Agarwal Remuneration 75.00 NA 30.00 0.00 0.00 14 G R Infraprojects Limited Mr. Ashwin Agarwal Son of Mr. Vinod Kumar Agarwal Remuneration 30.00 NA 12.00 0.00 0.00 15 G R Infraprojects Limited Mr. Desh Raj Dogra Non-executive Independent Director Any other transaction Sitting fees 0.00 NA 2.10 0.00 0.00 16 G R Infraprojects Limited Mr. Chander Khamesra Non-executive Independent Director Any other transaction Sitting Fees 0.00 NA 1.20 0.00 0.00 17 G R Infraprojects Limited Mrs. Kalpana Gupta Non-executive Independent Director Any other transaction Sitting Fees 0.00 NA 3.20 0.00 0.00 18 G R Infraprojects Limited Mr. Rajendra Kumar Jain Non-executive Independent Director Any other transaction Sitting Fees 0.00 NA 1.90 0.00 0.00 19 G R Infraprojects Limited Mr. Rajan Malhotra Non-executive Independent Director Any other transaction Sitting Fees 0.00 NA 3.00 0.00 0.00 20 G R Infraprojects Limited Mr. Vinod Kumar Agarwal Chairman & Wholetime Director & Promoter Any other transaction Guarantees received / (released) 0.00 NA 31171.29 0.00 0.00 21 G R Infraprojects Limited Mr. Ajendra Kumar Agarwal Managing Director & Promoter Any other transaction Guarantees received / (released) 0.00 NA 31171.29 0.00 0.00 22 G R Infraprojects Limited Mr. Vinod Kumar Agarwal Chairman & Wholetime Director & Promoter Any other transaction Balance outstanding payable 0.00 NA 0.00 651.65 152.00 23 G R Infraprojects Limited Mr. Ajendra Kumar Agarwal Managing Director & Promoter Any other transaction Balance outstanding payable 0.00 NA 0.00 866.36 287.00 24 G R Infraprojects Limited Mr. Vikas Agarwal Wholetime Director Any other transaction Balance outstanding payable 0.00 NA 0.00 971.77 130.00 25 G R Infraprojects Limited Mr. Anand Rathi Chief Financial Officer Any other transaction Balance outstanding payable 0.00 NA 0.00 7.94 15.68 26 G R Infraprojects Limited Mr. Sudhir Mutha Company Secretary Any other transaction Balance outstanding payable 0.00 NA 0.00 3.13 3.67 27 G R Infraprojects Limited Mr. Devki Nandan Agarwal Brother of Mr. Ajendra Kumar Agarwal & Mr. Vinod Kumar Agarwal & Father of Mr. Vikas Agarwal Any other transaction Balance outstanding payable 0.00 NA 0.00 371.45 160.00 28 G R Infraprojects Limited Mr. Mahendra Kumar Agarwal Brother of Mr. Ajendra Kumar Agarwal & Mr. Vinod Kumar Agarwal Any other transaction Balance outstanding payable 0.00 NA 0.00 417.49 160.00 29 G R Infraprojects Limited Mr. Purshottam Agarwal Promoter and Brother of Mr. Ajendra Kumar Agarwal & Mr. Vinod Kumar Agarwal Any other transaction Balance outstanding payable 0.00 NA 0.00 29.54 44.44 30 G R Infraprojects Limited Mr. Pankaj Agarwal Brother of Mr. Vikas Agarwal Any other transaction Balance outstanding payable 0.00 NA 0.00 481.40 120.00 31 G R Infraprojects Limited Mr. Archit Agarwal Son of Mr. Ajendra Kumar Agarwal Any other transaction Balance outstanding payable 0.00 NA 0.00 123.10 22.50 32 G R Infraprojects Limited Mr. Ashwin Agarwal Brother of Mr. Vikas Agarwal Any other transaction Balance outstanding payable 0.00 NA 0.00 75.76 10.00 33 G R Infraprojects Limited Mrs. Lalita Agarwal Spouse of Mr. Ajendra Kumar Agarwal Any other transaction Balance outstanding payable 0.00 NA 0.00 0.00 2.88 34 G R Infraprojects Limited Mrs. Suman Agarwal Spouse of Mr. Vinod Kumar Agarwal Any other transaction Balance outstanding payable 0.00 NA 0.00 0.00 1.80 35 G R Infraprojects Limited Mrs. Suman Agarwal Spouse of Mr. Vinod Kumar Agarwal Any other transaction Security deposit balance 0.00 NA 0.00 10.00 10.00 36 G R Infraprojects Limited Mrs. Lalita Agarwal Spouse of Mr. Ajendra Kumar Agarwal Any other transaction Security deposit balance 0.00 NA 0.00 10.00 10.00 37 G R Infraprojects Limited Reengus Sikar Expressway Limited Wholly Owned Subsidiary Sale of goods or services 4500.00 NA 1325.73 0.00 0.00 38 G R Infraprojects Limited Nagaur Mukundgarh Highways Private Limited Wholly Owned Subsidiary Sale of goods or services 15000.00 NA 4831.52 0.00 0.00 39 G R Infraprojects Limited GR Ena Kim Expressway Private Limited Wholly Owned Subsidiary Sale of goods or services 25000.00 NA 394.74 0.00 0.00 40 G R Infraprojects Limited GR Shirsad Masvan Expressway Private Limited Wholly Owned Subsidiary Sale of goods or services 68000.00 NA 17897.26 0.00 0.00 41 G R Infraprojects Limited GR Bilaspur Urga Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 25000.00 NA 4959.92 0.00 0.00 42 G R Infraprojects Limited GR Bahadurganj Araria Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 8500.00 NA 280.95 0.00 0.00 43 G R Infraprojects Limited GR Amritsar Bathinda Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 52000.00 NA 19693.38 0.00 0.00 44 G R Infraprojects Limited GR Ujjain Badnawar Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 9000.00 NA 325.69 0.00 0.00 45 G R Infraprojects Limited GR Madanapalli Pileru Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 37000.00 NA 15026.01 0.00 0.00 46 G R Infraprojects Limited GR Bhimasar Bhuj Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 41000.00 NA 20713.74 0.00 0.00 47 G R Infraprojects Limited GR Bandikui Jaipur Expressway Private Limited Wholly Owned Subsidiary Sale of goods or services 17000.00 NA 6844.30 0.00 0.00 48 G R Infraprojects Limited GR Govindpur Rajura Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 25000.00 NA 9690.56 0.00 0.00 49 G R Infraprojects Limited Rajgarh Transmission LimitedWholly Owned Subsidiary Sale of goods or services 7000.00 NA 55.00 0.00 0.00 50 G R Infraprojects Limited GR Devinagar Kasganj Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 121000.00 NA 23840.21 0.00 0.00 51 G R Infraprojects Limited GR Belgaum Raichur (Package-5) Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 80000.00 NA 7777.23 0.00 0.00 52 G R Infraprojects Limited GR Venkatpur Thallasenkesa Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 77000.00 NA 12260.93 0.00 0.00 53 G R Infraprojects Limited GR Hasapur Badadal Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 98000.00 NA 12225.29 0.00 0.00 54 G R Infraprojects Limited GR Varanasi Kolkata Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 147000.00 NA 1523.67 0.00 0.00 55 G R Infraprojects Limited GR Yamuna Bridge Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 55000.00 NA 11847.77 0.00 0.00 Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Home Validate Delete Add
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56 G R Infraprojects Limited GR Kasganj Bypass Private Limited Wholly Owned Subsidiary Sale of goods or services 127000.00 NA 4949.08 0.00 0.00 57 G R Infraprojects Limited GR Belgaum Raichur (Package-6) Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 77000.00 NA 9239.12 0.00 0.00 58 G R Infraprojects Limited GR Logistics Park (Indore) Private Limited Wholly Owned Subsidiary Sale of goods or services 85000.00 NA 1214.13 0.00 0.00 59 G R Infraprojects Limited GR Bamni Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 71000.00 NA 16400.58 0.00 0.00 60 G R Infraprojects Limited Pachora Power Transmission Limited Wholly Owned Subsidiary Sale of goods or services 37500.00 NA 17387.80 0.00 0.00 61 G R Infraprojects Limited GR Tarakote Sanjichhat Ropeway Private Limited Wholly Owned Subsidiary Sale of goods or services 36000.00 NA 86.66 0.00 0.00 62 G R Infraprojects Limited Tumkur-II REZ Power Transmission Limited Wholly Owned Subsidiary Sale of goods or services 45000.00 NA 3369.02 0.00 0.00 63 G R Infraprojects Limited Bijapur REZ Transmission Limited Wholly Owned Subsidiary Sale of goods or services 88000.00 NA -255.08 0.00 0.00 64 G R Infraprojects Limited Agra Gwalior Highway Private Limited Wholly Owned Subsidiary Sale of goods or services 320000.00 NA 373.89 0.00 0.00 65 G R Infraprojects Limited GR Amritsar Bathinda Highway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 609.00 0.00 0.00 66 G R Infraprojects Limited GR Ludhiana Rupnagar Highway Private Limited Wholly Owned Subsidiary Investment 62500.00 NA 0.01 0.00 0.00 67 G R Infraprojects Limited GR Bamni Highway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 899.00 0.00 0.00 68 G R Infraprojects Limited Maratha Skyride Ventures Private Limited Wholly Owned Subsidiary Investment 0.00 NA 0.45 0.00 0.00 69 G R Infraprojects Limited GR Logistics Park (Indore) Private Limited Wholly Owned Subsidiary Investment 0.00 NA 1082.00 0.00 0.00 70 G R Infraprojects Limited GR Venkatpur Thallasenkesa Highway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 2266.52 0.00 0.00 71 G R Infraprojects Limited GR Belgaum Raichur (Package-5) Highway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 2704.00 0.00 0.00 72 G R Infraprojects Limited GR Belgaum Raichur (Package-6) Highway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 1874.50 0.00 0.00 73 G R Infraprojects Limited GR Hasapur Badadal Highway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 2232.00 0.00 0.00 74 G R Infraprojects Limited GR Devinagar Kasganj Highway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 4428.00 0.00 0.00 75 G R Infraprojects Limited GR Varanasi Kolkata Highway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 61.20 0.00 0.00 76 G R Infraprojects Limited GR Yamuna Bridge Highway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 2074.00 0.00 0.00 77 G R Infraprojects Limited GR Kasganj Bypass Private Limited Wholly Owned Subsidiary Investment 0.00 NA 130.50 0.00 0.00 78 G R Infraprojects Limited GR Tarakote Sanjichhat Ropeway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 1150.70 0.00 0.00 79 G R Infraprojects Limited Pachora Power Transmission Limited Wholly Owned Subsidiary Investment 0.00 NA 3415.80 0.00 0.00 80 G R Infraprojects Limited Tumkur-II REZ Power Transmission Limited Wholly Owned Subsidiary Investment 0.00 NA 357.70 0.00 0.00 81 G R Infraprojects Limited Bijapur Rez Transmission Limited Wholly Owned Subsidiary Investment 0.00 NA 1288.65 0.00 0.00 82 G R Infraprojects Limited Agra Gwalior Highway Private Limited Wholly Owned Subsidiary Investment 0.00 NA 505.20 0.00 0.00 83 G R Infraprojects Limited Nagaur Mukundgarh Highways Private Limited Subsidiary Loan 0.00 NA 2095.00 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 84 G R Infraprojects Limited GR Ena Kim Expressway Private Limited Wholly Owned Subsidiary Loan 0.00 NA 7824.00 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 85 G R Infraprojects Limited GR Bilaspur Urga Highway Private Limited Wholly Owned Subsidiary Loan 0.00 NA 5310.10 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 86 G R Infraprojects Limited GR Shirsad Masvan Expressway Private Limited Wholly Owned Subsidiary Loan 0.00 NA 3724.50 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 87 G R Infraprojects Limited GR Bahadurganj Araria Highway Private Limited Wholly Owned Subsidiary Loan 0.00 NA 3360.00 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 88 G R Infraprojects Limited GR Madanapalli Pileru Highway Private Limited Wholly Owned Subsidiary Loan 0.00 NA 5226.00 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 89 G R Infraprojects Limited GR Bandikui Jaipur Expressway Private Limited Wholly Owned Subsidiary Loan 0.00 NA 4159.51 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 90 G R Infraprojects Limited GR Bhimasar Bhuj Highway Private Limited Wholly Owned Subsidiary Loan 0.00 NA 2248.00 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 91 G R Infraprojects Limited GR Bamni Highway Private Limited Wholly Owned Subsidiary Loan 0.00 NA 1400.50 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 92 G R Infraprojects Limited GR Govindpur Rajura Highway Private Limited Wholly Owned Subsidiary Loan 0.00 NA 3583.00 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 93 G R Infraprojects Limited GR Ujjain Badnawar Highway Private Limited Wholly Owned Subsidiary Loan 0.00 NA 4239.00 0.00 0.00 Loan 10.00% 18 Unsecured Business Purpose 94 G R Infraprojects Limited Nagaur Mukundgarh Highways Private Limited Subsidiary Any other transaction Loan received back 0.00 NA 3650.00 0.00 0.00 95 G R Infraprojects Limited GR Ena Kim Expressway Private Limited Wholly Owned Subsidiary Any other transaction Loan received back 0.00 NA 772.13 0.00 0.00 96 G R Infraprojects Limited GR Bahadurganj Araria Highway Private Limited Wholly Owned Subsidiary Any other transaction Loan received back 0.00 NA 3650.00 0.00 0.00 97 G R Infraprojects Limited GR Ujjain Badnawar Highway Private Limited Wholly Owned Subsidiary Any other transaction Loan received back 0.00 NA 1200.00 0.00 0.00 98 G R Infraprojects Limited Reengus Sikar Expressway Limited Wholly Owned Subsidiary Interest received 0.00 NA 114.86 0.00 0.00 99 G R Infraprojects Limited Nagaur Mukundgarh Highways Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 468.42 0.00 0.00 100 G R Infraprojects Limited GR Ena Kim Expressway Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 1455.39 0.00 0.00 101 G R Infraprojects Limited GR Bilaspur Urga Highway Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 760.34 0.00 0.00 102 G R Infraprojects Limited GR Shirsad Masvan Expressway Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 1543.33 0.00 0.00 103 G R Infraprojects Limited GR Bahadurganj Araria Highway Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 789.95 0.00 0.00 104 G R Infraprojects Limited GR Madanapalli Pileru Highway Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 742.52 0.00 0.00 105 G R Infraprojects Limited GR Bandikui Jaipur Expressway Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 821.93 0.00 0.00 106 G R Infraprojects Limited GR Bhimasar Bhuj Highway Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 421.63 0.00 0.00 107 G R Infraprojects Limited GR Bamni Highway Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 70.48 0.00 0.00 108 G R Infraprojects Limited GR Govindpur Rajura Highway Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 368.19 0.00 0.00 109 G R Infraprojects Limited GR Ujjain Badnawar Highway Private Limited Wholly Owned Subsidiary Interest received 0.00 NA 561.60 0.00 0.00 110 G R Infraprojects Limited GR Amritsar Bathinda Highway Private Limited Wholly Owned Subsidiary Any other transaction Customer advance adjusted 0.00 NA 2103.60 0.00 0.00 111 G R Infraprojects Limited GR Bamni Highway Private Limited Wholly Owned Subsidiary Any other transaction Customer advance adjusted 0.00 NA 626.00 0.00 0.00 112 G R Infraprojects Limited GR Amritsar Bathinda Highway Private Limited Wholly Owned Subsidiary Interest paid 0.00 NA 93.55 0.00 0.00 113 G R Infraprojects Limited GR Bamni Highway Private Limited Wholly Owned Subsidiary Interest paid 0.00 NA 59.35 0.00 0.00 114 G R Infraprojects Limited GR Amritsar Bathinda Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 5778.10 NA 38.24 0.00 0.00 115 G R Infraprojects Limited GR Bahadurganj Araria Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 13.19 0.00 0.00 116 G R Infraprojects Limited GR Bandikui Jaipur Expressway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 9.22 0.00 0.00 117 G R Infraprojects Limited GR Bhimasar Bhuj Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 27.87 0.00 0.00 118 G R Infraprojects Limited GR Bamni Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 34.40 0.00 0.00 119 G R Infraprojects Limited GR Bilaspur Urga Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 16.26 0.00 0.00 120 G R Infraprojects Limited GR Ena Kim Expressway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 25.82 0.00 0.00
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121 G R Infraprojects Limited GR Govindpur Rajura Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 12.67 0.00 0.00 122 G R Infraprojects Limited GR Madanapalli Pileru Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 18.40 0.00 0.00 123 G R Infraprojects Limited GR Shirsad Masvan Expressway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 32.07 0.00 0.00 124 G R Infraprojects Limited GR Ujjain Badnawar Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 10.99 0.00 0.00 125 G R Infraprojects Limited Nagaur Mukundgarh Highways Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 13.07 0.00 0.00 126 G R Infraprojects Limited GR Devinagar Kasganj Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 39.81 0.00 0.00 127 G R Infraprojects Limited GR Venkatpur Thallasenkesa Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 28.17 0.00 0.00 128 G R Infraprojects Limited GR Yamuna Bridge Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 27.41 0.00 0.00 129 G R Infraprojects Limited Reengus Sikar Expressway Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 4.69 0.00 0.00 130 G R Infraprojects Limited GR Belgaum Raichur (Package-6) Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 19.80 0.00 0.00 131 G R Infraprojects Limited Rajgarh Transmission Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 6.87 0.00 0.00 132 G R Infraprojects Limited GR Belgaum Raichur (Package-5) Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 19.31 0.00 0.00 133 G R Infraprojects Limited GR Hasapur Badadal Highway Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 32.98 0.00 0.00 134 G R Infraprojects Limited GR Kasganj Bypass Private Limited Wholly Owned Subsidiary Any other transaction Business support service income 0.00 NA 22.58 0.00 0.00 135 G R Infraprojects Limited Reengus Sikar Expressway Limited Wholly Owned Subsidiary Interest paid 0.00 NA 30.25 0.00 0.00 136 G R Infraprojects Limited Reengus Sikar Expressway Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 283.41 1333.34 137 G R Infraprojects Limited Nagaur Mukundgarh Highways Private Limited Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 3220.72 5844.39 138 G R Infraprojects Limited GR Ena Kim Expressway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 24694.35 468.55 139 G R Infraprojects Limited GR Bilaspur Urga Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 14216.39 3564.08 140 G R Infraprojects Limited GR Shirsad Masvan Expressway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 29115.04 17414.18 141 G R Infraprojects Limited GR Bahadurganj Araria Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 13307.79 332.19 142 G R Infraprojects Limited GR Amritsar Bathinda Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 7187.81 8760.20 143 G R Infraprojects Limited GR Madanapalli Pileru Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 21302.55 5921.54 144 G R Infraprojects Limited GR Bhimasar Bhuj Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 12282.38 8852.99 145 G R Infraprojects Limited GR Ujjain Badnawar Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 9636.07 388.72 146 G R Infraprojects Limited GR Bandikui Jaipur Expressway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 13483.79 3905.50 147 G R Infraprojects Limited GR Govindpur Rajura Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 17965.19 6663.82 148 G R Infraprojects Limited GR Bamni Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 14532.46 11722.22 149 G R Infraprojects Limited Rajgarh Transmission Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 98.29 61.87 150 G R Infraprojects Limited GR Yamuna Bridge Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 12001.03 7669.57 151 G R Infraprojects Limited GR Varanasi Kolkata Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 557.12 2098.97 152 G R Infraprojects Limited GR Belgaum Raichur (Package-5) Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 3254.14 6511.90 153 G R Infraprojects Limited GR Devinagar Kasganj Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 5413.65 16343.05 154 G R Infraprojects Limited GR Belgaum Raichur (Package-6) Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 7707.43 10070.43 155 G R Infraprojects Limited GR Kasganj Bypass Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 1137.37 6474.54 156 G R Infraprojects Limited GR Logistics Park (Indore) Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 683.35 1326.84 157 G R Infraprojects Limited GR Hasapur Badadal Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 5779.10 10209.55 158 G R Infraprojects Limited GR Tarakote Sanjichhat Ropeway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 503.47 -201.14 159 G R Infraprojects Limited Pachora Power Transmission Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 5888.80 20088.20 160 G R Infraprojects Limited GR Venkatpur Thallasenkesa Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 9900.10 10124.03 161 G R Infraprojects Limited Tumkur-II REZ Power Transmission Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 92.27 3485.11 162 G R Infraprojects Limited Bijapur Rez Transmission Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 0.50 -254.58 163 G R Infraprojects Limited Agra Gwalior Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding trade receivable (Including unbilled) 0.00 NA 0.00 0.00 373.89 164 G R Infraprojects Limited Reengus Sikar Expressway Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 2290.93 2405.79 165 G R Infraprojects Limited Nagaur Mukundgarh Highways Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 11011.87 9925.27 166 G R Infraprojects Limited GR Ena Kim Expressway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 24694.35 33201.61 167 G R Infraprojects Limited GR Bilaspur Urga Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 14216.39 20286.83 168 G R Infraprojects Limited GR Shirsad Masvan Expressway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 29115.04 34382.87 169 G R Infraprojects Limited GR Bahadurganj Araria Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 13307.79 13807.74
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170 G R Infraprojects Limited GR Madanapalli Pileru Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 12096.17 18064.69 171 G R Infraprojects Limited GR Bandikui Jaipur Expressway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 14500.33 19481.77 172 G R Infraprojects Limited GR Bhimasar Bhuj Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 7356.51 10026.14 173 G R Infraprojects Limited GR Bamni Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 527.04 1938.67 174 G R Infraprojects Limited GR Govindpur Rajura Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 5626.61 9577.80 175 G R Infraprojects Limited GR Ujjain Badnawar Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding loans (including interest accrued) 0.00 NA 0.00 9477.72 13078.33 176 G R Infraprojects Limited GR Amritsar Bathinda Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding customer advances ( Including interest accrued) 0.00 NA 0.00 2468.70 459.19 177 G R Infraprojects Limited GR Bamni Highway Private Limited Wholly Owned Subsidiary Any other transaction Outstanding customer advances ( Including interest accrued) 0.00 NA 0.00 1599.51 973.51 178 G R Infraprojects Limited Varanasi Sangam Expressway Private Limited Entity on which the company is having significant influence Sale of goods or services 1200.00 NA 18.48 0.00 0.00 179 G R Infraprojects Limited Porbandar Dwarka Expressway Private Limited Entity on which the company is having significant influence Sale of goods or services 5200.00 NA 13.03 0.00 0.00 180 G R Infraprojects Limited GR Phagwara Expressway LimitedEntity on which the company is having significant influence Sale of goods or services 1200.00 NA 510.77 0.00 0.00 181 G R Infraprojects Limited GR Gundugolanu Devarapalli Highway Private Limited Entity on which the company is having significant influence Sale of goods or services 1200.00 NA 316.30 0.00 0.00 182 G R Infraprojects Limited GR Dwarka Devariya Highway Private Limited Entity on which the company is having significant influence Sale of goods or services 1200.00 NA 43.47 0.00 0.00 183 G R Infraprojects Limited GR Galgalia Bahadurganj Highway Private Limited Entity on which the company is having significant influence Sale of goods or services 1200.00 NA 108.21 0.00 0.00 184 G R Infraprojects Limited Varanasi Sangam Expressway Private Limited Entity on which the company is having significant influence Any other transaction Business support service income 0.00 NA 29.03 0.00 0.00 185 G R Infraprojects Limited Porbandar Dwarka Expressway Private Limited Entity on which the company is having significant influence Any other transaction Business support service income 0.00 NA 16.50 0.00 0.00 186 G R Infraprojects Limited GR Phagwara Expressway LimitedEntity on which the company is having significant influence Any other transaction Business support service income 0.00 NA 16.35 0.00 0.00 187 G R Infraprojects Limited GR Akkalkot Solapur Highway Private Limited Entity on which the company is having significant influence Any other transaction Business support service income 1200.00 NA 8.93 0.00 0.00 188 G R Infraprojects Limited GR Sangli Solapur Highway Private Limited Entity on which the company is having significant influence Any other transaction Business support service income 1200.00 NA 10.92 0.00 0.00 189 G R Infraprojects Limited GR Gundugolanu Devarapalli Highway Private Limited Entity on which the company is having significant influence Any other transaction Business support service income 0.00 NA 21.59 0.00 0.00 190 G R Infraprojects Limited GR Dwarka Devariya Highway Private Limited Entity on which the company is having significant influence Any other transaction Business support service income 0.00 NA 6.83 0.00 0.00 191 G R Infraprojects Limited GR Aligarh Kanpur Highway Private Limited Entity on which the company is having significant influence Any other transaction Business support service income 1200.00 NA 20.00 0.00 0.00 192 G R Infraprojects Limited GR Galgalia Bahadurganj Highway Private Limited Entity on which the company is having significant influence Any other transaction Business support service income 0.00 NA 12.99 0.00 0.00 193 G R Infraprojects Limited Varanasi Sangam Expressway Private Limited Entity on which the company is having significant influence Any other transaction Outstanding receivables (including unbilled) 0.00 NA 0.00 88.29 50.47 194 G R Infraprojects Limited Porbandar Dwarka Expressway Private Limited Entity on which the company is having significant influence Any other transaction Outstanding receivables (including unbilled) 0.00 NA 0.00 52.23 31.61 195 G R Infraprojects Limited GR Phagwara Expressway LimitedEntity on which the company is having significant influence Any other transaction Outstanding receivables (including unbilled) 0.00 NA 0.00 43.75 68.14 196 G R Infraprojects Limited GR Akkalkot Solapur Highway Private Limited Entity on which the company is having significant influence Any other transaction Outstanding receivables (including unbilled) 0.00 NA 0.00 20.22 8.93 197 G R Infraprojects Limited GR Sangli Solapur Highway Private Limited Entity on which the company is having significant influence Any other transaction Outstanding receivables (including unbilled) 0.00 NA 0.00 23.12 10.92 198 G R Infraprojects Limited GR Gundugolanu Devarapalli Highway Private Limited Entity on which the company is having significant influence Any other transaction Outstanding receivables (including unbilled) 0.00 NA 0.00 84.85 337.89 199 G R Infraprojects Limited GR Dwarka Devariya Highway Private Limited Entity on which the company is having significant influence Any other transaction Outstanding receivables (including unbilled) 0.00 NA 0.00 32.26 57.25 200 G R Infraprojects Limited GR Aligarh Kanpur Highway Private Limited Entity on which the company is having significant influence Any other transaction Outstanding receivables (including unbilled) 0.00 NA 0.00 644.03 619.49 201 G R Infraprojects Limited GR Galgalia Bahadurganj Highway Private Limited Entity on which the company is having significant influence Any other transaction Outstanding receivables (including unbilled) 0.00 NA 0.00 423.08 121.20 202 G R Infraprojects Limited Rahul Infrastructure Private Limited Group Company Any other transaction Rent Paid 7.50 NA 3.60 0.00 0.00 203 G R Infraprojects Limited G R Infra Social Welfare Trust Enterprise over which KMP and relatives of such personnel exercise significant influence Any other transaction Amount Contributed 3000.00 NA 235.37 0.00 0.00 204 G R Infraprojects Limited Apex Buildsys Limited Group Company Loan 17000.00 NA 631.01 0.00 0.00 205 G R Infraprojects Limited Apex Buildsys Limited Group Company Any other transactionAdvance Adjusted 0.00 NA 1892.39 0.00 0.00 206 G R Infraprojects Limited Apex Buildsys Limited Group Company Any other transaction Purchase of materials/ Service 0.00 NA 2632.92 0.00 0.00 207 G R Infraprojects Limited Apex Buildsys Limited Group Company Any other transactionSales of goods 0.00 NA 37.83 0.00 0.00 208 G R Infraprojects Limited Suncity Metals and Tubers Private Limited Group Company Any other transaction Sales of goods 75.00 NA 15.21 0.00 0.00 209 G R Infraprojects Limited Apex Buildsys Limited Group Company Any other transaction Customer advances received and adjusted 0.00 NA 36.50 0.00 0.00 210 G R Infraprojects Limited Apex Buildsys Limited Group Company Any other transaction Outstanding trade payables ( including retention money) 0.00 NA 0.00 113.38 129.24 211 G R Infraprojects Limited Rahul Infrastructure Private Limited Group Company Any other transaction Outstanding trade payables ( including retention money) 0.00 NA 0.00 3.76 8.45 212 G R Infraprojects Limited Apex Buildsys Limited Group Company Any other transaction Outstanding advances 0.00 NA 0.00 5246.92 194.74 213 G R Infraprojects Limited G R Infra Social Welfare Trust Group Company Any other transaction Outstanding advances 0.00 NA 0.00 0.00 40.63 214 G R Infraprojects Limited Apex Buildsys Limited Group Company Any other transaction Outstanding trade receivable 0.00 NA 0.00 52.03 6.48 215 G R Infraprojects Limited Lokesh Builders Private LimitedPromoter Company Any other transactionRent Paid 1.50 NA 0.72 0.00 0.00 216 G R Infraprojects Limited Lokesh Builders Private LimitedPromoter Company Any other transactionOutstanding Payable 0.00 NA 0.00 0.00 0.72 217 NAGAUR MUKUNDGARH HIGHWAYS PRIVATE LIMITED SRISHTI SHAH Company Secretary Remuneration 0.00 NA 2.32 0.37 0.43 218 GR BILASPUR URGA HIGHWAY PRIVATE LIMITED RISHI ACHARYA Company Secretary Remuneration 0.00 NA 2.05 0.33 0.04 219 Rajgarh Transmission LimitedPooja Wadhwani Company Secretary Remuneration 0.00 NA 1.00 0.00 0.20 220 G R Infraprojects Limited GR Amritsar Bathinda Highway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 4941.82 5550.82 221 G R Infraprojects Limited GR Ludhiana Rupnagar Highway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 8924.96 8924.97 222 G R Infraprojects Limited Rajgarh Transmission Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 12637.38 12637.38 223 G R Infraprojects Limited GR Belgaum Raichur (Package-5) Highway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 283.37 2088.37 224 G R Infraprojects Limited GR Belgaum Raichur (Package-6) Highway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 328.53 1304.03 225 G R Infraprojects Limited GR Venkatpur Thallasenkesa Highway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 1206.79 2574.31 226 G R Infraprojects Limited GR Varanasi Kolkata Highway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 408.95 470.15
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227 G R Infraprojects Limited Maratha Skyride Ventures Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 0.05 0.50 228 G R Infraprojects Limited GR Devinagar Kasganj Highway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 735.67 4264.67 229 G R Infraprojects Limited GR Logistics Park (Indore) Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 377.90 560.90 230 G R Infraprojects Limited GR Hasapur Badadal Highway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 397.57 1730.57 231 G R Infraprojects Limited GR Kasganj Bypass Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 341.61 472.11 232 G R Infraprojects Limited GR Yamuna Bridge Highway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 2401.04 3576.04 233 G R Infraprojects Limited Pachora Power Transmission Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 2039.31 5455.11 234 G R Infraprojects Limited GR Tarakote Sanjichhat Ropeway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 122.01 373.71 235 G R Infraprojects Limited Tumkur-II REZ Power Transmission Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 2165.96 2523.66 236 G R Infraprojects Limited Bijapur Rez Transmission Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 1187.80 2476.45 237 G R Infraprojects Limited Agra Gwalior Highway Private Limited Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 0.00 NA 0.00 0.00 504.20 238 G R Infraprojects Limited RAJGARH NEEMUCH POWER TRANSMISSION Wholly Owned Subsidiary Any other transaction Investment in perpetual debt 10000.00 NA 0.00 0.00 1883.05 239 G R Infraprojects Limited Indus Infra Trust Associate Interest received 20000.00 NA 7215.91 0.00 0.00 Total value of transaction during the reporting period 391381.62 Notes: 1. The details in this format are required to be provided for all transactions undertaken during the reporting period. However, opening and closing balances, including commitments, to be disclosed for existing related party transactions even if there is no new related party transaction during the reporting period. 2. Where a transaction is undertaken between members of the consolidated entity (between the listed entity and its subsidiary or between subsidiaries), it may be reported once. 3. Listed banks shall not be required to provide the disclosures with respect to related party transactions involving loans, inter-corporate deposits, advances or investments made or given by the listed banks. 4. For companies with financial year ending March 31, this information has to be provided for six months ended September 30 and six months ended March 31. Companies with financial years ending in other months, the six months period shall apply accordingly. 5. Each type of related party transaction (for e.g. sale of goods/services, purchase of goods/services or whether it involves a loan, inter-corporate deposit, advance or investment) with a single party shall be disclosed separately and there should be no clubbing or netting of transactions of same type. However, transactions with the same counterparty of the same type may be aggregated for the reporting period. For instance, sale transactions with the same party may be aggregated for the reporting period and purchase transactions may also be disclosed in a similar manner. There should be no netting off for sale and purchase transactions. Similarly, loans advanced to and received from the same counterparty should be disclosed separately, without any netting off. 6. In case of a multi-year related party transaction: a. The aggregate value of such related party transaction as approved by the audit committee shall be disclosed in the column “Value of the related party transaction as approved by the audit committee”. b. The value of the related party transaction ratified by the audit committee shall be disclosed in the column “Value of the related party transaction ratified by the audit committee”. c. The value of the related party transaction undertaken in the reporting period shall be reported in the column “Value of related party transaction during the reporting period”. 7. "Cost" refers to the cost of borrowed funds for the listed entity. 8. Transactions such as acceptance of fixed deposits by banks/NBFCs, undertaken with related parties, at the terms uniformly applicable /offered to all shareholders/ public shall also be reported.