GMR Airports Ltd

GMR Airports Limited — Trading window closed from the close of business on September 30, 2026 until 48 hours from the date of declaration of the Un-audited Financial Results of the Company (Standalone and Consolidated) for the quarter and half year ending September 30, 2026; Board Meeting date to consider the said results will be intimated separately.

OCRPS conversion allotment

• GISPL converted 25,50,000 OCRPS into 10,20,00,000 equity shares of Re 1 each.
• The 10,20,00,000 shares represent 0.96% of post-allotment capital.
• Shares rank pari passu with existing equity shares.
• Conversion followed the Composite Scheme of Amalgamation effective July 25, 2024.

Voluntary redemption details

• Voluntary prepayment and full redemption of two NCBs under Bond Trust Deed.
• Two ISINs: INE776C08059 (Rs 1,100 Cr) and INE776C08067 (Rs 400 Cr) issued.
• Interest payments were made on due date; actual dates: Sept 25 and Sept 28, 2026.
• Interest paid: Rs 25.68 Cr (INE776C08059) and Rs 9.16 Cr (INE776C08067).
• Redemption dates: 25/02/2028 for first, 03/04/2028 for second.
• Total redemption: Rs 1,100 Cr plus Rs 125.16 Cr interest premium; Rs 400 Cr plus Rs 43.69 Cr.
• Interest payment record date: 11/09/2026; due date: 25/09/2026; payment completed 25 Sept 2026.
• Redemption quantities: 1,10,000 NCBs (first); 40,000 NCBs (second).
• Outstanding amount post-redemption: Nil.
• Redemption reason: premature redemption under Bond Trust Deed; full payment to holders.

AGM Details

• AGM held on 21 September 2026, 3:00 PM to 5:17 PM.
• Mode: VC/OAVM.
• Record date: 14 September 2026; shareholders on record: 682,995.
• Video attendees: Promoter Group 33, Public 78.

Resolutions

• Resolution 1: Adopt Audited Standalone and Consolidated Financial Statements; Passed.
• Resolution 2: Dividend on unlisted preference shares; Passed.
• Resolution 3: Re-appoint Buchisanyasi Raju Grandhi; retires by rotation.
• Resolution 4: Re-appoint Philippe Pascal; retires by rotation.
• Resolution 5: Re-appoint Prabhakara Rao Indana; retires by rotation.
• Resolution 6: Ratify remuneration of Cost Auditors for FY2027; Passed.
• Resolution 7: Special approval to raise funds via QIP/FCCBs.
• Resolution 8: Approve related party transactions with Delhi International Airport Limited.

Dividend Details

• Dividend: Rs 40 per preference share.

Director Changes

• Res3: Re-appoint Buchisanyasi Raju Grandhi.
• Res4: Re-appoint Philippe Pascal.
• Res5: Re-appoint Prabhakara Rao Indana.

Auditor Remuneration

• Res6: Ratify remuneration of Narasimha Murthy & Co., Cost Accountants for FY2027.

Material Related Party Transactions

• Res8: Approve related party transactions with Delhi International Airport Limited.

AGM details

• 30th AGM held on 21 September 2026 at 3:00 p.m. IST via VC/OAVM.

Key resolutions

• Adopt audited standalone and consolidated financial statements and reports.
• Declare dividend on unlisted preference shares.
• Re-appoint director retiring by rotation: Grandhi.
• Re-appoint director retiring by rotation: Philippe Pascal.
• Re-appoint director retiring by rotation: Prabhakara Rao Indana.
• Ratify remuneration of cost auditors for year ending 31 March 2027.
• Raise funds through issuance of equity and/or other securities via QIP and/or FCCB.
• Approve material related party transactions with Delhi International Airport Limited during FY 2026-27.

Voting results

• Resolution 1: outcome not disclosed in filing.
• Resolution 2: outcome not disclosed in filing.
• Resolution 3: outcome not disclosed in filing.
• Resolution 4: outcome not disclosed in filing.
• Resolution 5: outcome not disclosed in filing.
• Resolution 6: outcome not disclosed in filing.
• Resolution 7: outcome not disclosed in filing.
• Resolution 8: outcome not disclosed in filing.

Dividend

• Dividend on unlisted preference shares declared.

Director changes

• Directors retiring by rotation proposed for re-appointment: Grandhi, Philippe Pascal, Indana.

Auditors

• Cost auditors' remuneration ratified for the year ending March 31, 2027.

Material RPTs

• Material related party transactions with Delhi International Airport Limited approved.

Tariff update

• TDSAT judgment favouring DIAL in the aeronautical tariff dispute.
• AERA to implement the order within three months from judgment date, unless appealed.
• Tariff relates to Indira Gandhi International Airport for Fourth Control Period 01.04.2024–31.03.2029.
• DIAL is a subsidiary of GMR Airports Ltd.
• No immediate quantified financial impact disclosed.

ESG rating disclosure

• Niche assigned ESG Rating Score 74.41 to GMR Airports Limited.
• Company states it did not engage Niche; rating independently prepared.

Traffic update August 2026

• August 2026 total pax across GMR Airports: 9.4 million, up 0.9% YoY.
• Domestic pax August 2026: 7.1 million, up 1.1% YoY.
• International pax August 2026: 2.4 million, up 0.5% YoY.
• YTD FY2027 total pax crossed 49.0 million, highest-ever.
• DEL August 2026 total pax 6.1 million; YTD FY2027 total 32.5 million.
• HYD August 2026 total pax 2.2 million; YTD FY2027 total 11.5 million.
• Bhogapuram Airport commenced commercial operations on 17 Aug 2026.
• Mopa (Goa) August 2026 pax 292,546, down 22.8% YoY.
• Other airports: Cebu 903,322 pax Aug 2026 (-4.1% YoY); Medan 548,093 pax (-4.8%).

Meeting Details

• Date: September 17–18, 2026.
• Type/Mode: One-on-One and Group meetings; Physical venue.
• Venue: Gurugram, Haryana, India.
• Event: 2026 Jefferies India Forum.

Participants

• Key company participants: Company Secretary & Compliance Officer.

Purpose

• Purpose: Institutional investor meetings; discussion of the investor presentation.

Availability

• Investor presentation will be available on the company's investor relations page.

Key Update

• Allotted 1,50,000 NCDs with face value INR 1 Lakh each.
• Total value INR 1,500 crore; private placement.
• Coupon rate 9.56% (cash coupon and accrued interest) vs 10.75% on existing NCBs.
• Tenure up to 36 months from allotment for refinancing.
• Allotment after receipt of full subscription amount with premium.
• Follow-up to August 12, 2026 and September 07, 2026 intimations.