Highway Infrastructure Ltd

Highway Infrastructure Limited announced several key developments, including a proposal to increase the authorized share capital and a related party transaction involving the acquisition of equity shares in Indore Highway Real Estates Private Limited. The company also detailed a plan to issue warrants convertible into equity shares to promoters and group entities, with a total value of approximately Rs 49.82 crore. Furthermore, the acquisition of Indore Highway Real Estates, which will result in the target company becoming a subsidiary of Highway Infrastructure Limited, is expected to strengthen the company's presence in the infrastructure sector. Detailed information regarding the transaction, including valuations, investor names, and regulatory approvals, has been disclosed in accompanying annexures.

Highway Infrastructure Limited announced several key developments, including a proposal to increase its authorized share capital by issuing warrants convertible into equity shares to promoters and a related party transaction involving the acquisition of a controlling stake in Indore Highway Real Estates Private Limited. The warrant issuance aims to raise capital and strengthen the company's financial position, with the warrants convertible into equity shares within 18 months. Simultaneously, the acquisition of Indore Highway Real Estates will allow Highway Infrastructure Limited to expand its presence in the infrastructure sector and establish the target company as a subsidiary. The transaction is being conducted at arm's length based on a valuation report, and no specific governmental approvals are currently identified as required.

Highway Infrastructure Limited announced several key developments, including a proposal to increase its authorized share capital by issuing warrants convertible into equity shares to promoters and a related party transaction involving the acquisition of a controlling stake in Indore Highway Real Estates Private Limited. The warrant issuance aims to raise capital and strengthen the company's financial position, with the warrants convertible into equity shares within 18 months. Simultaneously, the acquisition of Indore Highway Real Estates, an infrastructure company, will establish a subsidiary for Highway Infrastructure Limited, expanding its presence in the infrastructure sector. The acquisition is structured as a related party transaction, conducted at arm's length based on a valuation report, and is expected to be completed within approximately one month. Detailed information regarding the transactions, including investor names, pricing, and acquisition specifics, has been disclosed in accompanying annexures.

Highway Infrastructure Limited informed the BSE Limited and National Stock Exchange of India Ltd. that it received a certificate from its Registrar and Share Transfer Agents, Bigshare Services Private Limited, for the quarter ended September 30, 2026, as per Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, confirming that the regulation is not applicable to the company as all shares are held in demat form.

Highway Infrastructure Limited will hold a board meeting on Wednesday, October 14, 2026, at 8:00 P.M. to consider a proposal for increasing the company’s authorized share capital and to evaluate a plan to raise funds through various means, including the issuance of equity shares, convertible bonds, debentures, warrants, preference shares, or other equity-linked securities.

Highway Infrastructure Limited announced it has entered into a contract agreement on October 8, 2026, for the operations at Velanchettiyur Fee Plaza in Tamil Nadu, following a letter of award received on September 30, 2026. The contract, awarded by the National Highways Authority of India (NHAI), involves the operation and collection of user fees at the plaza for a period of 90 days and carries a broad consideration of Rs 24,45,99,930. The agreement also includes upkeep and maintenance of adjacent toilet blocks. Neither the promoter nor any promoter group companies have an interest in NHAI, and the contract does not constitute a related party transaction.

Highway Infrastructure Limited has postponed its board meeting, originally scheduled for Thursday, October 8, 2026, due to unavoidable circumstances, according to a filing with the BSE Limited. The company will announce the revised date of the board meeting in due course.

Highway Infrastructure Limited clarified to the BSE Limited that a clerical error occurred in a previous communication regarding the date of a Board meeting, stating it was initially mentioned as September 8, 2026, instead of October 8, 2026. The company also announced that a meeting of its Board of Directors is scheduled for October 8, 2026, to consider proposals including increasing the authorized share capital and raising funds through various means, potentially including equity shares, convertible bonds, or debentures, and to seek shareholder approval for the fund raising.

Highway Infrastructure Limited will hold a board meeting on September 8, 2026, to consider a proposal to increase the company’s authorized share capital and evaluate raising funds through various means, including the issuance of equity shares, convertible bonds, debentures, warrants, preference shares, or other equity-linked securities, potentially through a preferential issue or qualified institutional placement, subject to regulatory approvals and shareholder approval.

Highway Infrastructure Limited announced it has received a Letter of Acceptance (LOA) of Rs 24,45,99,930 from the National Highways Authority of India (NHAI) for operations at the Velanchettiyur Fee Plaza in Tamil Nadu, issued on September 30, 2026. The contract involves operation and collection of user fees at the plaza, upkeep of adjacent toilet blocks, and is expected to be executed within 90 days. The company confirmed that neither the promoter nor promoter group companies have any interest in NHAI, and the contract does not constitute a related party transaction.