
Corporate Governance6 Jun 2026, 12:00 pm
Highway Infrastructure Board Approves Article Alteration & Director Reappointments
AI Summary
Highway Infrastructure Ltd's Board of Directors met on June 6, 2026, approving significant corporate actions. Key decisions include the alteration of the company's Articles of Association, allowing shareholders to voluntarily waive dividend rights, subject to shareholder approval. Additionally, the Board approved the reappointment of Mr. Arun Kumar Jain as Managing Director and Mr. Anoop Agrawal as Whole-Time Director, both for a further three-year term effective May 5, 2026, also pending shareholder approval. These changes aim to enhance corporate governance and operational flexibility.
Key Highlights
- Articles of Association altered to allow voluntary dividend waivers.
- Shareholder approval sought for AOA changes.
- MD and Whole-Time Director reappointed for three-year terms.
- Reappointments are subject to shareholder approval.
- Corporate governance and operational flexibility are key objectives.
Price Impact
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