H.G. Infra Engineering Ltd

H.G. Infra Engineering Ltd announced that its wholly-owned subsidiary, H.G. Gobindpur Tangi Highway Private Limited, has received a letter of Financial Close from the National Highways Authority of India (NHAI). This closure pertains to the construction of a new six-lane access-controlled highway in Odisha, Package-III of the Capital Region Ring Road. The project, valued at ₹1,582.11 Crore, will be developed on a Hybrid Annuity Mode (HAM) and covers a length of 40.33 KM, with a construction period of 910 days. The financial close date was September 16, 2026. This development follows earlier announcements made by the company.

H.G. Infra Engineering Ltd has executed a Share Purchase Agreement (SPA) with REC Power Development and Consultancy Limited to acquire 100% equity shares of Ranipur Chunar Power Transmission Limited. This acquisition, valued at ₹500,000, is for a Special Purpose Vehicle (SPV) established for the "Construction of 220/132/33 kV AIS Substation, Ranipur (Mau) and 220/132/33kV AIS Substation, Chunar (Mirzapur) with their associated lines" in Uttar Pradesh for 35 years. The business of the target entity aligns with H.G. Infra's infrastructure business and supports its strategic expansion in the power transmission sector. The acquisition was completed on September 26, 2026.

H.G. Infra Engineering Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is effective from October 01, 2026, and will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter ending September 30, 2026. The measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company's Code of Prohibition of Insider Trading.

H.G. Infra Engineering Ltd has received a Show Cause Notice (SCN) from the Deputy Commissioner of Commercial Taxes, Karnataka, under the Central and Karnataka Goods and Services Tax Acts, 2017. The notice, dated September 16, 2026, pertains to GST audit proceedings for FY 2022-23 and alleges discrepancies in input tax credit and turnover reconciliation, with an aggregate potential liability of ₹94,00,00,328. The company believes the observations are not sustainable and does not foresee a material financial impact at this stage, expecting a favorable outcome after filing a response.

H.G. Infra Engineering Limited held its 24th Annual General Meeting on August 19, 2026. Key resolutions passed included the re-appointment of Mr. Harendra Singh as Managing Director for a third five-year term and Mr. Vijendra Singh Choudhary as Whole Time Director for a third five-year term. The AGM also approved the increase in borrowing limits and limits for the creation of charges on company assets. The meeting was conducted via Video Conferencing and Other Audio Visual Means in compliance with regulatory guidelines. The company also declared a final dividend of ₹2 per equity share.

H.G. Infra Engineering Limited has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited, a subsidiary of REC Limited. The LOI is for the construction of 220/132/33 kV AIS Substations in Ranipur (Mau) and Chunar (Mirzapur), along with associated lines. This project was secured through a tariff-based competitive bidding process in Uttar Pradesh. The company had previously announced related details on May 26, 2026. This development signifies a new project win for H.G. Infra Engineering in the power infrastructure sector.

H.G. Infra Engineering Limited's Board of Directors convened on August 12, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Audit Committee reviewed and recommended these results. The company also noted the Limited Review Report from its Joint Statutory Auditors. These results, along with the auditor's reports and disclosures, will be published on the company's website and in newspapers. Additionally, the Board approved a revised list of Key Managerial Personnel authorized for material event disclosures, effective from the meeting date.

H.G. Infra Engineering Limited has received a Letter of Award (LOA) from the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan. The project involves the operation and management of ITI of Bhiwadi Cluster under Component-I of PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs). The estimated project cost is ₹241 Crore, with HGINFRA acting as an Anchor and Industry Partner for a 10-year management period. This award follows a previous announcement on July 13, 2026, and aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

H.G. Infra Engineering Ltd has announced an earnings conference call scheduled for Friday, August 14, 2026, at 11:00 AM IST. The call will focus on discussing the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company aims to provide insights into its financial performance for the first quarter of the fiscal year 2027. Participants can pre-register for the call to streamline access. Key management personnel, including the Chairman and Managing Director and the Chief Financial Officer, will be present to address queries.

H.G. Infra Engineering Ltd has acquired equity shares in its wholly owned subsidiary, H.G. Gujarat Bess Private Limited, through a rights issue. The investment amounts to ₹33.80 crore. H.G. Gujarat Bess Private Limited is involved in the battery energy storage system industry and was incorporated on February 5, 2025. This investment is for business expansion. The acquisition is a related party transaction as the subsidiary is wholly owned. The transaction was completed on August 6, 2026, with cash consideration.