This is a disclosure made pursuant to Regulation 30 and Part B of Para A of Schedule III of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026. It provides an update on a continuing event, specifically an ongoing litigation.
Nature of the Event
Update on the status of an ongoing litigation involving a subsidiary of the Company.
Parties Involved
The litigation involves Nagaur Mukundgarh Highways Private Limited, a subsidiary of G R Infraprojects Limited. The legal proceedings were against the applicability of a CBIC circular.
Details of the Development
The subsidiary had filed writ petitions before the Hon'ble High Court of Judicature for Rajasthan at Jodhpur. The petitions challenged the applicability of CBIC Circular No. 150/06/2021-GST dated June 17, 2021, and the levy of GST on annuity payments received under its concession agreement(s).
The Hon'ble High Court has dismissed these writ petitions. The judgment was dated August 17, 2026, and it was received by the Company on August 18, 2026.
Financial Impact
The aggregate amount involved in this specific litigation is approximately ₹69.79 crore.
Current Status and Forward Plan
The Company is evaluating the judgment and the appropriate legal remedies available, in consultation with its legal advisors. The disclosure confirms that the case has not been settled (settlement details are marked 'Not Applicable') and that the litigation is not against key management personnel or promoters (also marked 'Not Applicable').