Highway Infrastructure Ltd

Annual General Meeting

Highway Infrastructure Annual General Meeting

Highway Infrastructure Limited announced that shareholders approved resolutions via postal ballot to alter the company's Memorandum and Articles of Association. The changes include adding sub-clauses to the Object Clause to include hospitality, infrastructure facilities, and toll collection businesses. The voting process concluded on April 11, 2026, with the scrutinizer report submitted on April 13, 2026.

Annual General Meeting

Highway Infrastructure Annual General Meeting

Highway Infrastructure Limited announced the successful passage of two special resolutions via postal ballot with requisite majority. The resolutions involved the alteration of the company's Memorandum of Association (Object Clause) and Articles of Association. Remote e-voting concluded on April 11, 2026, with the Scrutinizer's Report submitted on April 13, 2026.

Adverse Business Impact

Highway Infrastructure Adverse Business Impact

Highway Infrastructure Limited decided to withdraw its Letter of Acceptance for the Venkatapalem Fee Plaza project in Andhra Pradesh. Consequently, NHAI has debarred the company from participating in future tenders for a period of three months. This regulatory action temporarily restricts the company's ability to secure new project awards from NHAI.

Execution

3 months

Legal & Regulatory

Highway Infrastructure Legal & Regulatory

Highway Infrastructure Limited has been penalized ₹0.26 Crore by NHAI following the company's decision to withdraw its Letter of Acceptance for the Venkatapalem Fee Plaza operations. The company cited a lack of commercial viability for the project. The penalty represents the primary financial impact of this termination.

Value

₹0.26 Cr

Other Announcement

Highway Infrastructure Other Announcement

Highway Infrastructure Limited submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations for the period ended March 31, 2026. The Registrar, Bigshare Services, confirmed that all shares are already in demat form and no rematerialisation requests were received during the quarter.