GMR Airports to hold 30th AGM on Sep 21, 2026; seeks approval for ₹5,000 Cr fundraising
GMR Airports will hold its 30th AGM on September 21, 2026. Shareholders will vote on a proposal to raise up to ₹5,000 Crore through securities issuance, including QIP and FCCB. The company will also seek approval for FY26 financial statements, a dividend, director re-appointments, and a ₹2,500 Crore related party transaction with DIAL.
The proposed fundraising of up to ₹5,000 Crore and the material related party transaction with a subsidiary are significant financial events that can substantially impact the company's future operations and financial structure.
The announcement is primarily procedural, detailing the upcoming AGM, financial statement adoption, director re-appointments, and a significant fundraising proposal. While the fundraising is a material event, the overall tone is neutral as it's a standard corporate disclosure.
GMR Airports Limited (formerly GMR Airports Infrastructure Limited) announced that its 30th Annual General Meeting (AGM) will be held on Monday, September 21, 2026, at 03:00 p.m. IST through Video Conferencing/Other Audio-Visual Means. The meeting will transact business as set out in the Notice of the 30th AGM.
Shareholders' approval will be sought for raising funds up to ₹5,000 Crore in one or more tranches. This fundraising can be through the issue of securities, including fully paid-up Equity Shares, non-convertible debentures with warrants, convertible securities (other than warrants), or Foreign Currency Convertible Bonds, via Qualified Institutions Placement or other permitted methods.
The company is also seeking approval for the adoption of Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026. Additionally, shareholders will consider declaring a final dividend of ₹0.0004 per OCRPS for FY 2025-26 on 6,51,11,022 Unlisted Non-Cumulative Optionally Convertible Redeemable Preference Shares, amounting to ₹26,045.
Further, the AGM will see the re-appointment of directors Mr. Buchisanyasi Raju Grandhi, Mr. Philippe Pascal, and Mr. Prabhakara Rao Indana, who are retiring by rotation. The remuneration of the Cost Auditors, M/s. Narasimha Murthy & Co., for the financial year ending March 31, 2027, will also be ratified.
The company is also seeking approval for a material related party transaction with its subsidiary, Delhi International Airport Limited (DIAL), for an estimated aggregate amount of up to ₹2,500 Crore during the financial year 2026-27.
Remote e-voting for the 30th AGM will commence on Thursday, September 17, 2026, at 09:00 a.m. IST and will conclude on Sunday, September 20, 2026, at 05:00 p.m. IST. The cut-off date for eligibility to vote is Monday, September 14, 2026.
A plain-language summary of a public exchange filing by GMR AIRPORTS LIMITED. Read the original for the full detail.