GR Infraprojects Allots 20,222 Shares Under ESOP Scheme

The shares allotted under the ESOP are subject to Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Following the allotment, the total number of issued shares stands at 96,760,529, and the total issued share capital is ₹48.38 Crores.

The shares, with ISIN INE201P01022, have distinctive numbers ranging from 99499730 to 99519951. These shares will rank pari-passu with the existing shares of the company.

The purpose of the ESOP scheme is to motivate employees, retain key personnel, achieve sustained growth, and create shareholder value by aligning employee interests with the company's long-term goals. The vesting period for the options is between one to four years from the grant date, as determined by the Committee. After vesting, options can be exercised within a period of up to three years from the date of respective vesting.

The company has confirmed that all shares allotted under the scheme will rank equally with the existing shares. No listing fees are currently payable for these shares.

The company has informed the stock exchanges, BSE and NSE, about the allotment to ensure compliance and transparency.

GR Infraprojects Limited, formerly known as G.R. Agarwal Builders and Developers Limited, is a company focused on infrastructure projects. The corporate office is located in Gurugram, Haryana, while the head office is in Udaipur, Rajasthan, and the registered office is in Ahmedabad, Gujarat.

The company's shares are listed on the Bombay Stock Exchange (BSE) with the scrip code 543317 and on the National Stock Exchange (NSE) under the symbol GRINFRA.

The company has confirmed that all shares allotted under the scheme will rank equally with the existing shares.