Corporate Action14 Oct 2026, 08:50 pm
Highway Infra Increases Auth Share Capital, Plans Warrants & Investment
AI Summary
Highway Infrastructure Limited announced a significant corporate action following a Board meeting. The company plans to increase its authorized share capital from ₹40 Crore to ₹50 Crore, subject to shareholder approval. Additionally, the Board approved the issuance of up to 1 Crore warrants to the Promoter and Promoter Group at ₹49.82 per warrant, aggregating up to ₹49.82 Crore. This preferential issue is subject to shareholder and regulatory approvals. The company also proposed to acquire a 51% stake in Indore Highway Real Estates Private Limited for ₹38.99 Lakhs. An Extraordinary General Meeting (EGM) will be convened to seek shareholder approval for these proposals.
Key Highlights
- Authorized share capital to increase from ₹40 Cr to ₹50 Cr.
- Plans to issue 1 Cr warrants to promoters at ₹49.82 each.
- Proposed acquisition of 51% in Indore Highway Real Estates.
- Shareholder approval required for capital increase and warrants.
- EGM to be held for approving key corporate actions.
Price Impact
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