Key Quantitative Figures
- The subsidiary, GMR Aero Realty Limited (GARL), was incorporated on October 13, 2026.
- Its initial subscribed and paid-up share capital is INR 1,00,00,000 (Indian Rupees One Crore).
- The capital is divided into 10,00,000 (Ten Lakh) equity shares, each with a face value of Rs. 10.
Parties Involved
- The parent company is GMR Airports Limited.
- The newly incorporated entity is GMR Aero Realty Limited (GARL), a wholly owned subsidiary.
Purpose and Business Scope
The stated purpose for incorporating GARL is to carry out real estate, land development, and other related opportunities that may arise. The subsidiary has not yet commenced business operations.
Transaction and Compliance Details
- GMR Airports Limited has subscribed to the Memorandum of Association of GARL.
- The company will remit the subscription amount within applicable statutory timelines.
- The transaction is confirmed not to be a related party transaction.
- The promoter, promoter group, or group companies of GMR Airports hold no interest in this transaction beyond any direct or indirect shareholding they may have.
- No governmental or regulatory approvals were required for this subscription.
Document and Signatory Details
- The disclosure was made on October 14, 2026.
- It was digitally signed by T. Venkat Ramana, the Company Secretary & Compliance Officer of GMR Airports Limited.