Share price at the NSE close on 23 Oct 2026. Previous close ₹96.62.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹7,472 Cr625th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 14 Aug 2026
- 13.2
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹897 crore of one-off items, the largest of them in the quarter to Sep 2025.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 21 May 2026
- 3.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Aug 2026
- 45.5%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹897 crore of one-off items, the largest of them in the quarter to Sep 2025.
- −26.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- 7.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 21 May 2026
- 5.46
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 8,95,78335.8% delivered
GMR Power and Urban Infra board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonGRANDHI MALLIKARJUNA RAORelated to the promoter
- Managing directorSRINIVAS BOMMIDALA
- Company Secretary and Compliance OfficerVimal Prakash
13 directors7 independent3 executive3 non-executive
- GRANDHI MALLIKARJUNA RAO · ChairpersonNon-executive · joined Jan 2022 · reappointed Sep 2024 · 3 listed boards
- GRANDHI KIRAN KUMARNon-executive · joined Jan 2022 · reappointed Sep 2023 · 3 listed boards · 2 committee seats, 1 as chair
- SRINIVAS BOMMIDALA · Managing directorExecutive · joined Jan 2022 · reappointed Sep 2024 · 3 listed boards
- BODA VENKATA NAGESWARA RAOExecutive · joined Jan 2022 · reappointed Nov 2025 · 1 listed board · 1 committee seat
- MADHVA BHIMACHARYA TERDALNon-executive · joined Jan 2022 · reappointed Sep 2025 · 1 listed board
- SUBBARAO GUNUPUTIExecutive · joined Jan 2022 · reappointed Sep 2025 · 1 listed board · 1 committee seat
- SIVA KAMESWARI VISSAIndependent · joined Jan 2022 · reappointed Sep 2022 · 53 months as independent · 2 listed boards · 2 as independent · 6 committee seats, 3 as chair
- SURESH LILARAM NARANGIndependent · joined Jan 2022 · reappointed Sep 2022 · 53 months as independent · 1 listed board · 1 as independent
- SATYANARAYANA BEELAIndependent · joined Jan 2022 · reappointed Sep 2022 · 53 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- EMANDI SANKARA RAOIndependent · joined Jan 2022 · reappointed Sep 2022 · 53 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 2 as chair
- SUMAN NARESH SABNANIIndependent · joined Aug 2023 · reappointed Sep 2025 · 34 months as independent · 1 listed board · 1 as independent · 6 committee seats, 1 as chair
- FAREED AHMEDIndependent · joined Aug 2023 · reappointed Sep 2025 · 34 months as independent · 1 listed board · 1 as independent · 4 committee seats, 1 as chair
- SHANTANU GHOSHIndependent · joined Aug 2023 · reappointed Sep 2025 · 34 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 21 May 202612 of 13 present6 independent · 103 days in between
- 6 Feb 202613 of 13 present7 independent
Audit Committee
Chair SIVA KAMESWARI VISSA
SATYANARAYANA BEELA, SUMAN NARESH SABNANI, FAREED AHMED
- 20 May 20263 of 4 present3 independent · 50 days in between
- 30 Mar 20264 of 4 present4 independent · 51 days in between
- 6 Feb 20264 of 4 present4 independent
Nomination and remuneration committee
Chair FAREED AHMED
SATYANARAYANA BEELA, SIVA KAMESWARI VISSA
- 21 May 20262 of 3 present2 independent · 1 day in between
Stakeholders Relationship Committee
Chair SATYANARAYANA BEELA
SUBBARAO GUNUPUTI, SUMAN NARESH SABNANI
- 19 May 20263 of 3 present2 independent · 102 days in between
- 5 Feb 20263 of 3 present2 independent
Risk Management Committee
Chair GRANDHI KIRAN KUMAR
SRINIVAS BOMMIDALA, SIVA KAMESWARI VISSA, Suresh Bagrodia
- 20 Feb 20264 of 4 present1 independent
Corporate Social Responsibility Committee
Chair SUBBARAO GUNUPUTI
SATYANARAYANA BEELA, EMANDI SANKARA RAO
- 20 May 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- Walker Chandiok & Co LLPPeer-review certificate valid to May 2028
1 earlier auditor
- M/s Walker Chandiok & co. LLP, Chartered AccountantsNamed in filings from Sep 2025 to Mar 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
GMR Power and Urban Infra AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.GMR Power and Urban Infra share news and announcements
Annual general meeting, 21 Sep 2026
3,27,006 shareholders on the register on 14 Sep 2026; present: 35 promoters and 62 others; votes counted by V. Sreedharan / V Sreedharan & Associates.The company's voting result (opens in a new tab)
To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, and the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary99.87% for0.13% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.66%
Turnout: all 60.59% · promoters 100.00% · institutions 44.47% · other public 14.55%
- To appoint a Director, in place of Mr. Boda Venkata Nageswara Rao (DIN: 00051167), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.72% for0.28% against
Against: promoters 0.00% · institutions 0.98% · other public 1.66%
Turnout: all 60.59% · promoters 100.00% · institutions 44.47% · other public 14.55%
- To appoint a Director, in place of Mr. Grandhi Kiran Kumar (DIN: 00061669), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.72% for0.28% against
Against: promoters 0.00% · institutions 0.98% · other public 1.66%
Turnout: all 60.59% · promoters 100.00% · institutions 44.47% · other public 14.55%
- Re-appointment of Dr. Siva Kameswari Vissa (DIN: 02336249) as an Independent DirectorSpecial97.39% for2.61% against
Against: promoters 0.00% · institutions 15.57% · other public 1.67%
Turnout: all 60.59% · promoters 100.00% · institutions 44.47% · other public 14.55%
- Re-appointment of Mr. Suresh Lilaram Narang (DIN: 08734030) as an Independent DirectorSpecial99.60% for0.40% against
Against: promoters 0.00% · institutions 1.70% · other public 1.67%
Turnout: all 60.59% · promoters 100.00% · institutions 44.47% · other public 14.55%
- Re-appointment of Dr. Satyanarayana Beela (DIN: 09462114) as an Independent DirectorSpecial99.55% for0.45% against
Against: promoters 0.00% · institutions 2.04% · other public 1.67%
Turnout: all 60.59% · promoters 100.00% · institutions 44.47% · other public 14.55%
- Re-appointment of Dr. Emandi Sankara Rao (DIN: 05184747) as an Independent DirectorSpecial99.87% for0.13% against
Against: promoters 0.00% · institutions 0.00% · other public 1.66%
Turnout: all 60.59% · promoters 100.00% · institutions 44.47% · other public 14.55%
- Alteration of Articles of Association of the CompanySpecial99.71% for0.29% against
Against: promoters 0.00% · institutions 1.01% · other public 1.66%
Turnout: all 60.59% · promoters 100.00% · institutions 44.47% · other public 14.55%
- Ratification of remuneration to Cost Auditors of the Company for the Financial Year ended March 31, 2027Ordinary99.87% for0.13% against
Against: promoters 0.00% · institutions 0.00% · other public 1.66%
Turnout: all 60.59% · promoters 100.00% · institutions 44.47% · other public 14.55%
- Approval for raising of funds through issuance of equity shares and/or other eligible securities through Qualified Institutions Placement and/or Foreign Currency Convertible BondSpecial97.12% for2.88% against
Against: promoters 0.00% · institutions 17.30% · other public 1.66%
Turnout: all 60.59% · promoters 100.00% · institutions 44.47% · other public 14.55%
- To approve Material Related Party Transaction between the Company and GMR Warora Energy Limited, a step-down subsidiary of the CompanyOrdinaryPromoters have an interest in it98.78% for1.22% against
Against: promoters 0.00% · institutions 0.00% · other public 1.66%
Turnout: all 6.33% · promoters 0.00% · institutions 7.71% · other public 14.55%
- To approve Material Related Party Transaction between GMR Energy Limited, a wholly owned subsidiary of the Company with GMR Warora Energy Limited, a step-down subsidiary of the CompanyOrdinaryPromoters have an interest in it98.78% for1.22% against
Against: promoters 0.00% · institutions 0.00% · other public 1.66%
Turnout: all 6.33% · promoters 0.00% · institutions 7.71% · other public 14.55%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 16 Jan 2026, 1 resolution
3,45,221 shareholders on the register on 11 Dec 2025; votes counted by Vishwanathan Sreedharan / V SREEDHARAN & ASSOCIATES.The company's voting result (opens in a new tab)
- To approve the issuance of equity shares and convertible warrants on preferential basis to the persons belonging to “promoter & promoter group” and “non-promoter” categorySpecial99.79% for0.21% against
Against: promoters 0.00% · institutions 4.76% · other public 0.01%
Turnout: all 67.33% · promoters 100.00% · institutions 54.91% · other public 50.32%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 14 Dec 2025, 3 resolutions
3,47,300 shareholders on the register on 7 Nov 2025; votes counted by Vishwanathan Sreedharan / V SREEDHARAN & ASSOCIATES.The company's voting result (opens in a new tab)
Approve the Material Related Party Transaction for providing Corporate Guarantee by the Company for refinancing of the existing credit facility along with additional top up loan aggregating to ~Rs. 2970 crore to be availed by GMR Kamalanga Energy Limited, a Subsidiary of the Company from Power Finance Corporation Limited or any other lender participating in refinancingMoreLess
OrdinaryPromoters have an interest in it99.20% for0.80% againstAgainst: promoters 0.00% · institutions 4.19% · other public 0.08%
Turnout: all 19.49% · promoters 0.00% · institutions 61.57% · other public 26.47%
Approve the Material Related Party Transaction for providing of Corporate Guarantee and Security by GMR Energy Limited, a wholly owned subsidiary of the Company, for refinancing of the existing credit facility along with additional top up loan aggregating to ~ Rs. 2970 crore to be availed by GMR Kamalanga Energy Limited, a Subsidiary of the Company from Power Finance Corporation Limited or any other lender participating in refinancing.MoreLess
OrdinaryPromoters have an interest in it99.20% for0.80% againstAgainst: promoters 0.00% · institutions 4.19% · other public 0.08%
Turnout: all 19.49% · promoters 0.00% · institutions 61.57% · other public 26.47%
- To approve the appointment of Mr. Boda Venkata Nageswara Rao (DIN: 00051167) as an Executive Director of the CompanySpecial96.58% for3.42% against
Against: promoters 0.00% · institutions 69.68% · other public 0.04%
Turnout: all 69.99% · promoters 99.82% · institutions 61.57% · other public 54.18%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Sep 2025, 10 resolutions
3,50,555 shareholders on the register on 22 Sep 2025; present: 36 promoters and 50 others; votes counted by Pradeep B. Kulkarni / V Sreedharan & Associates.The company's voting result (opens in a new tab)
To consider and adopt the Audited Financials Statement (Including Consolidated Financial Statements) of the Company for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereonMoreLess
Ordinary99.79% for0.21% againstAgainst: promoters 0.00% · institutions 4.19% · other public 0.00%
Turnout: all 69.93% · promoters 100.00% · institutions 58.56% · other public 36.56%
- To appoint a Director in place of Mr. Subbarao Gunuputi (DIN: 00064511), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.88% for0.12% against
Against: promoters 0.00% · institutions 2.45% · other public 0.00%
Turnout: all 70.00% · promoters 100.00% · institutions 59.70% · other public 36.56%
- To appoint a Director in place of Mr. Madhva Bhimacharya Terdal (DIN: 05343139), who retires by rotation and being eligible, offers himself for reappointment.Ordinary99.84% for0.16% against
Against: promoters 0.00% · institutions 3.07% · other public 0.00%
Turnout: all 70.00% · promoters 100.00% · institutions 59.70% · other public 36.56%
- To re-appoint M/s Walker Chandiok & Co LLP as the Statutory Auditors of the Company.Ordinary99.85% for0.15% against
Against: promoters 0.00% · institutions 2.89% · other public 0.00%
Turnout: all 70.00% · promoters 100.00% · institutions 59.70% · other public 36.56%
- Re-appointment of Mr. Shantanu Ghosh (DIN: 00041435) as an Independent DirectorSpecial99.88% for0.12% against
Against: promoters 0.00% · institutions 2.45% · other public 0.00%
Turnout: all 70.00% · promoters 100.00% · institutions 59.70% · other public 36.56%
- Re-appointment of Dr. Fareed Ahmed (DIN: 09698462) as an Independent Director.Special99.82% for0.18% against
Against: promoters 0.00% · institutions 3.55% · other public 0.01%
Turnout: all 70.00% · promoters 100.00% · institutions 59.70% · other public 36.56%
- Re-appointment of Ms. Suman Naresh Sabnani (DIN:10223343) as an Independent DirectorSpecial99.88% for0.12% against
Against: promoters 0.00% · institutions 2.45% · other public 0.00%
Turnout: all 70.00% · promoters 100.00% · institutions 59.70% · other public 36.56%
- Appointment of M/s. V. Sreedharan & Associates as Secretarial Auditor of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.00% · promoters 100.00% · institutions 59.70% · other public 36.56%
- Ratification of remuneration to Cost Auditors of the Company for the Financial Year ending on March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.00% · promoters 100.00% · institutions 59.70% · other public 36.56%
- Approval for raising of funds through issuance of equity shares and/or other eligible securities through Qualified Institutions Placement and/or Foreign Currency Convertible Bond.Special96.16% for3.84% against
Against: promoters 0.00% · institutions 76.16% · other public 0.00%
Turnout: all 70.00% · promoters 100.00% · institutions 59.70% · other public 36.56%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 23 Feb 2025, 5 resolutions
3,71,050 shareholders on the register on 17 Jan 2025; votes counted by Pradeep B Kulkarni / V SREEDHARAN & ASSOCIATES.The company's voting result (opens in a new tab)
Approval of Material Related Party Transaction for providing Corporate Guarantee for the credit facilities to be availed by GMR Agra Smart Meters Limited from Indian Renewable Energy Development Agency Limited (“IREDA”).MoreLess
OrdinaryPromoters have an interest in it99.23% for0.77% againstAgainst: promoters 0.00% · institutions 9.22% · other public 0.01%
Turnout: all 14.97% · promoters 0.00% · institutions 19.42% · other public 22.93%
Approval of Material Related Party Transaction for providing Corporate Guarantee for the credit facilities to be availed by GMR Kashi Smart Meters Limited from Indian Renewable Energy Development Agency Limited (“IREDA”).MoreLess
OrdinaryPromoters have an interest in it99.23% for0.77% againstAgainst: promoters 0.00% · institutions 9.22% · other public 0.01%
Turnout: all 14.97% · promoters 0.00% · institutions 19.42% · other public 22.93%
Approval of Material Related Party Transaction for providing Corporate Guarantee for the credit facilities to be availed by GMR Triveni Smart Meters Limited from Indian Renewable Energy Development Agency Limited (“IREDA”).MoreLess
OrdinaryPromoters have an interest in it99.24% for0.76% againstAgainst: promoters 0.00% · institutions 9.22% · other public 0.01%
Turnout: all 14.97% · promoters 0.00% · institutions 19.42% · other public 22.93%
- Approval of Material Related Party Transaction for providing Corporate Guarantee for refinancing of the existing credit facilities to be availed by GMR Warora Energy Ltd.OrdinaryPromoters have an interest in it99.23% for0.77% against
Against: promoters 0.00% · institutions 9.22% · other public 0.01%
Turnout: all 14.97% · promoters 0.00% · institutions 19.42% · other public 22.93%
- Approval of Material Related Party Transaction for providing corporate guarantee for credit facilities to be availed by GMR Kamalanga Energy Ltd.OrdinaryPromoters have an interest in it99.24% for0.76% against
Against: promoters 0.00% · institutions 9.22% · other public 0.01%
Turnout: all 14.97% · promoters 0.00% · institutions 19.42% · other public 22.93%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 16 Sep 2024, 10 resolutions
Present: 37 promoters and 74 others.The company's voting result (opens in a new tab)
To consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the Financial Year ended March 31, 2024, andnthe Reports of the Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.02% · promoters 100.00% · institutions 13.80% · other public 31.20%
- To appoint a Director in place of Mr. G M Rao (DIN: 00574243), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 4.54% · other public 0.00%
Turnout: all 65.02% · promoters 100.00% · institutions 13.80% · other public 31.20%
- To appoint a Director in place of Mr. Srinivas Bommidala (DIN:00061464), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 3.55% · other public 0.00%
Turnout: all 65.02% · promoters 100.00% · institutions 13.80% · other public 31.20%
- Re-appointment of Mr. Srinivas Bommidala (DIN: 00061464) as Managing Director of the Company.Special99.23% for0.77% against
Against: promoters 0.00% · institutions 66.40% · other public 0.00%
Turnout: all 65.02% · promoters 100.00% · institutions 13.80% · other public 31.20%
- Re-appointment of Mr. Subbarao Gunuputi (DIN: 00064511) as an Executive Director of the Company.Special99.92% for0.08% against
Against: promoters 0.00% · institutions 7.24% · other public 0.00%
Turnout: all 65.02% · promoters 100.00% · institutions 13.80% · other public 31.20%
- Re-appointment of Mr. Madhva Bhimacharya Terdal (DIN: 05343139) as an Executive Director of the Company.Special99.93% for0.07% against
Against: promoters 0.00% · institutions 5.63% · other public 0.00%
Turnout: all 65.02% · promoters 100.00% · institutions 13.80% · other public 31.20%
- Alteration of Articles of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.02% · promoters 100.00% · institutions 13.80% · other public 31.20%
- Ratification of remuneration to Cost Auditors of the Company for the Financial Year ended March 31, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.02% · promoters 100.00% · institutions 13.80% · other public 31.20%
- Approval for raising of funds through issuance of equity shares and/or other eligible securities through Qualified Institutions Placement and/or Foreign Currency Convertible BondSpecial99.20% for0.80% against
Against: promoters 0.00% · institutions 68.33% · other public 0.00%
Turnout: all 65.02% · promoters 100.00% · institutions 13.80% · other public 31.20%
- Approval for Related Party Transactions between GMR Warora Energy Limited and GMR Energy Trading Limited.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 14.48% · promoters 0.01% · institutions 13.80% · other public 31.20%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 10 Mar 2024, 1 resolution
The company's voting result (opens in a new tab)
- Approval for Related Party Transactions between GMR Warora Energy Limited and GMR Energy Trading LimitedOrdinaryPromoters have an interest in it99.45% for0.55% against
Against: promoters 0.00% · institutions 0.00% · other public 2.22%
Turnout: all 1.05% · promoters 0.00% · institutions 11.09% · other public 0.79%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 18 Sep 2023, 10 resolutions
Present: 36 promoters and 65 others.The company's voting result (opens in a new tab)
To consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the Financial Year ended March 31, 2023, and the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary99.60% for0.40% againstAgainst: promoters 0.00% · institutions 2.50% · other public 0.09%
Turnout: all 71.34% · promoters 100.00% · institutions 64.94% · other public 0.14%
- To appoint a Director in place of Mr. Grandhi Kiran Kumar (DIN: 00061669), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.41%
Turnout: all 71.34% · promoters 100.00% · institutions 64.94% · other public 0.14%
- To appoint a Director in place of Mr. Boda Venkata Nageswara Rao (DIN: 00051167), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.34% · other public 1.41%
Turnout: all 71.34% · promoters 100.00% · institutions 64.94% · other public 0.14%
- Appointment of Mr. Shantanu Ghosh (DIN: 00041435) as an Independent Director.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.22%
Turnout: all 71.34% · promoters 100.00% · institutions 64.94% · other public 0.14%
- Appointment of Dr. Fareed Ahmed (DIN: 09698462) as an Independent Director.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.54%
Turnout: all 71.34% · promoters 100.00% · institutions 64.94% · other public 0.14%
- Appointment of Mrs. Suman Naresh Sabnani (DIN:10223343) as an Independent Director.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 71.34% · promoters 100.00% · institutions 64.94% · other public 0.14%
- Ratification of remuneration to Cost Auditors of the Company for the Financial Year ended March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.23%
Turnout: all 71.34% · promoters 100.00% · institutions 64.94% · other public 0.14%
- Approval for raising of funds through issuance of equity shares and/or other eligible securities through Qualified Institutions Placement and/or Foreign Currency Convertible Bond.Special99.60% for0.40% against
Against: promoters 0.00% · institutions 2.50% · other public 1.21%
Turnout: all 71.34% · promoters 100.00% · institutions 64.94% · other public 0.14%
- Approval for Material Related Party Transaction(s) with the GIL-SIL JVOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.27%
Turnout: all 11.52% · promoters 0.00% · institutions 64.94% · other public 0.14%
- Approval for shifting of the registered office of the Company from the State of Maharashtra to the State of Haryana and consequent alteration in the Memorandum of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.40%
Turnout: all 71.34% · promoters 100.00% · institutions 64.94% · other public 0.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 21 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, and the Reports of the Board of Directors and Auditors thereon.MoreLess
1 for0 against- To appoint a Director, in place of Mr. Boda Venkata Nageswara Rao (DIN: 00051167), who retires by rotation and being eligible, offers himself for re-appointment1 for0 against
- To appoint a Director, in place of Mr. Grandhi Kiran Kumar (DIN: 00061669), who retires by rotation and being eligible, offers himself for re-appointment.1 for0 against
- Re-appointment of Dr. Siva Kameswari Vissa (DIN: 02336249) as an Independent Director
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance concern: Prolonged association with the Company / Group; Skewed remuneration in favor of promoter Executive Director and the proposed director is member of Nomination & Remuneration Committee.
0 for1 against - Re-appointment of Mr. Suresh Lilaram Narang (DIN: 08734030) as an Independent Director
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance concern: Proposed term will lead to prolonged association with the Group of more than 10 years.
0 for1 against - Re-appointment of Dr. Satyanarayana Beela (DIN: 09462114) as an Independent Director
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance concern: Skewed remuneration in favor of promoter Executive Director and the proposed director is member of Nomination & Remuneration Committee.
0 for1 against - Re-appointment of Dr. Emandi Sankara Rao (DIN: 05184747) as an Independent Director1 for0 against
- Alteration of Articles of Association of the Company
Against Angel One Mutual Fund
- Angel One Mutual FundMinimum number of directors not as per LODR requirement (AoA of Company allows the minimum number of Directors on the Board to be less than six directors); Provision for appointment of director and shareholders’ approval being sought at the next general meeting as per Section 161 of the Companies Act, which is not in accordance with Regulation 17 of SEBI LODR that envisages shareholders’ approval to be sought at the next general meeting or within three months, whichever is earlier; Proposed Article 64A contains a clause for the appointment of Alternate Directors for IDs; the same was debarred w.e.f. 1st October, 2018 under Regulation 25 of the SEBI (LODR) Regulations. Governance & Transparency Concern: Proposed substitution of Article 64A of AOA includes a provision for the appointment of Alternate Director. A clause in AoA allows appointment rights of Nominee Directors to financing entities other than Debenture Trustees. There is no clarity whether Nominee Directors of financing entities other than Debenture Trustees will be subject to shareholders’ approval or not. Further, the proposed clause doesn’t provide a cap on the number of directors that may be appointed by such financing entities against the right given in the articles.
0 for1 against - Ratification of remuneration to Cost Auditors of the Company for the Financial Year ended March 31, 20271 for0 against
- Approval for raising of funds through issuance of equity shares and/or other eligible securities through Qualified Institutions Placement and/or Foreign Currency Convertible Bond
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance and Transparency Concern: Significant dilution, however, no clarity regarding why Rights Issue is not preferred and no specific justification for utilization of funds which is broad and generic ranging from managing debt to expansion of business or provide assistance to subsidiaries/associates among others.
0 for1 against - To approve Material Related Party Transaction between the Company and GMR Warora Energy Limited, a step-down subsidiary of the Company1 for0 against
- To approve Material Related Party Transaction between GMR Energy Limited, a wholly owned subsidiary of the Company with GMR Warora Energy Limited, a step-down subsidiary of the Company1 for0 against
Mutual fund votes, meeting of 16 Jan 2026, 5 fund houses
- To approve the issuance of equity shares and convertible warrants on preferential basis to the persons belonging to “promoter & promoter group” and “non-promoter” category
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: Warrants priced exactly at par with Equity Shares; Excessive dilution and no justification for not opting rights issue. Transparency concern: No explanation as to why preferential offer of warrants is being made to promoters and no clarity for selection of allottees for preferential issue of equity shares.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Warrants priced exactly at par with Equity Shares through ICDR Pricing Mechanism; Excessive dilution and no justification for not opting rights issue. Transparency concern: No explanation as to why preferential offer of warrants is being made to promoters and no clarity for selection of allottees for preferential issue of equity shares.
1 for4 against
3 earlier meetings
Mutual fund votes, meeting of 14 Dec 2025, 5 fund houses
Approve the Material Related Party Transaction for providing Corporate Guarantee by the Company for refinancing of the existing credit facility along with additional top up loan aggregating to ~Rs. 2970 crore to be availed by GMR Kamalanga Energy Limited, a Subsidiary of the Company from Power Finance Corporation Limited or any other lender participating in refinancingMoreLess
5 for0 againstApprove the Material Related Party Transaction for providing of Corporate Guarantee and Security by GMR Energy Limited, a wholly owned subsidiary of the Company, for refinancing of the existing credit facility along with additional top up loan aggregating to ~ Rs. 2970 crore to be availed by GMR Kamalanga Energy Limited, a Subsidiary of the Company from Power Finance Corporation Limited or any other lender participating in refinancing.MoreLess
5 for0 against- To approve the appointment of Mr. Boda Venkata Nageswara Rao (DIN: 00051167) as an Executive Director of the Company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundThe Company has not sought prior approval of shareholders. Transparency concern: No clarity regarding the position as a member of Nomination & Remuneration Committee being an Executive Director.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merits of proposed appointee. Non-Compliant with Companies Act, 2013: The Company has not sought prior approval of shareholders as required under section 196 of the Companies Act, 2013. Transparency concern: No clarity regarding the position as a member of NRC, being an Executive Director.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
0 for5 against
Mutual fund votes, meeting of 29 Sep 2025, 7 fund houses
To consider and adopt the Audited Financials Statement (Including Consolidated Financial Statements) of the Company for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereonMoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: High contingent liabilities when compared to net worth of the Company; materialization of the same may have significant impact on the financials of the Company.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundUnqualified financial statements. Compliant with the Indian Accounting standards. Governance Concern: High contingent liabilities when compared to net worth of the Company; materialization of the same may have significant impact on the financials of the Company.
3 for4 against- To appoint a Director in place of Mr. Subbarao Gunuputi (DIN: 00064511), who retires by rotation and being eligible, offers himself for re-appointment.7 for0 against
- To appoint a Director in place of Mr. Madhva Bhimacharya Terdal (DIN: 05343139), who retires by rotation and being eligible, offers himself for reappointment.7 for0 against
- To re-appoint M/s Walker Chandiok & Co LLP as the Statutory Auditors of the Company.7 for0 against
- Re-appointment of Mr. Shantanu Ghosh (DIN: 00041435) as an Independent Director7 for0 against
- Re-appointment of Dr. Fareed Ahmed (DIN: 09698462) as an Independent Director.7 for0 against
- Re-appointment of Ms. Suman Naresh Sabnani (DIN:10223343) as an Independent Director7 for0 against
- Appointment of M/s. V. Sreedharan & Associates as Secretarial Auditor of the Company7 for0 against
- Ratification of remuneration to Cost Auditors of the Company for the Financial Year ending on March 31, 20267 for0 against
- Approval for raising of funds through issuance of equity shares and/or other eligible securities through Qualified Institutions Placement and/or Foreign Currency Convertible Bond.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Significant dilution, however, no clarity regarding why Rights Issue is not preferred and no adequate justification for fund raising.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Significant dilution, however, no clarity regarding why Rights Issue is not preferred and no adequate justification for fund raising.
3 for4 against
Mutual fund votes, meeting of 23 Feb 2025, 1 fund house
Approval of Material Related Party Transaction for providing Corporate Guarantee for the credit facilities to be availed by GMR Agra Smart Meters Limited from Indian Renewable Energy Development Agency Limited (“IREDA”).MoreLess
1 for0 againstApproval of Material Related Party Transaction for providing Corporate Guarantee for the credit facilities to be availed by GMR Kashi Smart Meters Limited from Indian Renewable Energy Development Agency Limited (“IREDA”).MoreLess
1 for0 againstApproval of Material Related Party Transaction for providing Corporate Guarantee for the credit facilities to be availed by GMR Triveni Smart Meters Limited from Indian Renewable Energy Development Agency Limited (“IREDA”).MoreLess
1 for0 against- Approval of Material Related Party Transaction for providing Corporate Guarantee for refinancing of the existing credit facilities to be availed by GMR Warora Energy Ltd.1 for0 against
- Approval of Material Related Party Transaction for providing corporate guarantee for credit facilities to be availed by GMR Kamalanga Energy Ltd.1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeUOI , Commissioner of Service TaxSince 6 Feb 2025
Litigation is pending before Supreme Court of India. It may be noted that the disputed amount pertains to financial years, prior to the Demerger of the non-airport business of GMR Airports Limited (formerly GMR Airports Infrastructure Limited) into the Company. It may be noted that In terms of the scheme of Demerger, liabilities, if any, arising out from the outcome of the said dispute, will be split between the Company and GMR Airports Limited as agreed under the scheme of Demerger.MoreLess
At the filing before: The Special Leave Petition has been filed before the Supreme Court by the opposing party, relating to the matter disclosed by the Company to the Stock Exchanges dated February 18, 2024
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesJan 2026, checked by CARE Ratings Limited | 1,200.00 | Repayment/prepayment (in whole or in part) the outstanding borrowings of the Company, together with interest payments accrued thereon. | 550.00 | 334.64 | No |
| Preferential IssuesJan 2026, checked by CARE Ratings Limited | 1,200.00 | Repayment/prepayment (in whole or in part), the outstanding borrowings of the following subsidiaries of the Company, together with interest payments accrued thereon: a. GMR Generation Assets Limited; b. GMR Smart Electricity Distribution Private Limited; c. GMR Highways Limited | 450.00 | 442.17 | No |
| Preferential IssuesJan 2026, checked by CARE Ratings Limited | 1,200.00 | Infusion of funds into existing and new subsidiaries / joint ventures in the form of equity / quasi equity / debt instruments / secured and unsecured loans, etc. | 100.00 | 100.00 | No |
| Preferential IssuesJan 2026, checked by CARE Ratings Limited | 1,200.00 | General Corporate purposes | 100.00 | 23.19 | No |