Highway Infrastructure: IPO Proceeds Utilization for Q4 FY26

Highway Infrastructure Ltd reports on the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended March 31, 2026. Gross proceeds from the IPO were ₹975.20 million, with net proceeds available at ₹828.84 million after deducting IPO expenses of ₹146.36 million. The funds have been utilized for the purposes stated in the Prospectus, with no material deviations observed. As of March 31, 2026, the unutilized amount invested and earned interest is ₹2.71 million, held as balance with an earmarked bank account. The utilization statement has been reconciled with the books of account, and the unutilized balance is maintained as per SEBI (ICDR) Regulations, 2018.