News ArticleGMR Airports Names Sanjeev Gupta Deputy CEO and Releases Q2 FY2026 Unaudited Financial Results
Board accepts resignation of Alexis Benjamin Riols and shares limited review audit report with litigation update
GMR Airports Limited announced the appointment of Sanjeev Gupta as Deputy CEO effective October 29, 2026, and reported its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The board also noted the resignation of Non-Executive Director Alexis Benjamin Riols effective October 28, 2026, and provided a limited review auditor report highlighting ongoing litigation related to Delhi International Airport Limited.
GMR Airports Limited
Financial Results
GMR Airports Limited announced the appointment of Mr. Sanjeev Gupta as Deputy CEO effective October 29, 2026, along with the release of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The board also accepted the resignation of Non-Executive Director Mr. Alexis Benjamin Riols effective October 28, 2026.
The company’s Board of Directors, in the meeting held on October 28, 2026, approved the unaudited financial results for both standalone and consolidated operations for Q2 and the first half of FY2026.
Mr. Sanjeev Gupta was appointed as an Additional Executive Director designated as Deputy CEO, starting October 29, 2026, enhancing the company's leadership team.
Non-Executive Director, Mr. Alexis Benjamin Riols, resigned from his directorship effective the close of business on October 28, 2026.
The independent auditor’s limited review report noted an ongoing litigation matter concerning Delhi International Airport Limited regarding Annual Fee payments from March 19, 2020, to February 28, 2022. This litigation relates to a force majeure event and is pending appeal at the Delhi High Court.
Details regarding related party transactions, issue proceeds utilization from Non-Convertible Bonds, and director appointment and resignation disclosures were also provided alongside the financial results.
Highlights
- Appointment of Mr. Sanjeev Gupta as Deputy CEO effective October 29, 2026.
- Resignation of Non-Executive Director Mr. Alexis Benjamin Riols effective October 28, 2026.
- Unaudited standalone and consolidated financial results approved for the quarter and half year ended September 30, 2026.
- Independent auditor’s limited review confirmed the financial results comply with Indian Accounting Standards and noted ongoing litigation impacting Delhi International Airport Limited.
- Multiple annexures detailing financial results, related party transactions, bond proceeds utilization, and director disclosures were submitted.
Key Data Snapshot
What happened
- GMR Airports Limited approved unaudited standalone and consolidated financial results for Q2 and H1 FY2026.
- The Board appointed Mr. Sanjeev Gupta as Deputy CEO effective from October 29, 2026.
- Non-Executive Director Mr. Alexis Benjamin Riols resigned effective October 28, 2026.
Key details
- The financial results were reviewed under Indian Accounting Standard 34 and the SEBI Listing Regulations.
- An independent auditor's limited review found no material misstatements in the results.
- Ongoing litigation concerns Delhi International Airport Limited's Annual Fee payments related to a force majeure event from March 2020 to February 2022.
- Various regulatory filings accompanied the announcement, including statements on related party transactions and utilization of bond proceeds.
Regulatory and governance context
- The disclosures comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Director appointment and resignation disclosures were made as per SEBI Master Circular dated January 30, 2026.
- Since company Non-Convertible Bonds are unsecured, Security Cover Certificate requirements do not apply.
Highlights
- Appointment of Mr. Sanjeev Gupta as Deputy CEO effective October 29, 2026.
- Resignation of Non-Executive Director Mr. Alexis Benjamin Riols effective October 28, 2026.
- Unaudited standalone and consolidated financial results approved for the quarter and half year ended September 30, 2026.
- Independent auditor’s limited review confirmed the financial results comply with Indian Accounting Standards and noted ongoing litigation impacting Delhi International Airport Limited.
- Multiple annexures detailing financial results, related party transactions, bond proceeds utilization, and director disclosures were submitted.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular No. HO/49/14/L4(7)2025-CFD-GIR-AERO-POD2/I/3762/2026 dated January 30, 2026
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