Highway Infrastructure Ltd

Highway Infrastructure Limited has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the operation and collection of user fees at the Baiti Kala Fee Plaza in Uttar Pradesh. The contract is valued at Rs. 91,77,77,777/- (Rupees Ninety-One Crore Seventy-Seven Lakh Seventy-Seven Thousand Seven Hundred Seventy-Seven Only) and has a tenure of one year. This award pertains to the operation of the fee plaza on the Sultanpur-Varanasi section of National Highway 56 (New NH-731) and includes the upkeep of adjacent toilet blocks. The company has confirmed that there are no promoter interests in the awarding entity and the contract is not a related party transaction.

Highway Infrastructure Limited has received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for the operation of the Palayam Fee Plaza in Tamil Nadu. The contract is valued at Rs. 3,40,07,77,777/- (Rupees Three Hundred Forty Crore Seven Lakh Seventy-Seven Thousand Seven Hundred Seventy-Seven Only) and has a tenure of one year. The scope includes user fee collection and upkeep of adjacent toilet blocks. This award signifies a significant business development for the company in the infrastructure sector.

Highway Infrastructure Ltd has announced that its First Extraordinary General Meeting (EGM) for the financial year 2026-27 will be held on November 13, 2026, at 3:00 PM IST via video conferencing. The meeting will address business as outlined in the EGM Notice, which includes seeking approval for an increase in authorized share capital and consequential alteration of the Memorandum of Association. Shareholders can participate through remote e-voting from November 10 to November 12, 2026. CS Manish Maheshwari has been appointed as the scrutinizer for the e-voting process.

Highway Infrastructure Ltd has engaged Finportal Investments Private Limited as its Investor Relations (IR) Agency, effective October 16, 2026. The mandate covers investor communication, engagement, and outreach services. The company confirmed that Finportal Investments is an independent third-party and not a related party. This strategic move aims to enhance the company's communication with its investors and the broader financial community.

Highway Infrastructure Limited announced a series of strategic decisions following its Board of Directors meeting. The company plans to increase its authorized share capital from ₹40 crore to ₹50 crore, subject to shareholder approval. Additionally, it approved the issuance of up to 1 crore warrants to its Promoter and Promoter Group at ₹49.82 per warrant, potentially raising ₹49.82 crore. The company also resolved to acquire a 51% stake in Indore Highway Real Estates Private Limited for approximately ₹39 lakh, based on a valuation report. An Extraordinary General Meeting (EGM) will be convened to seek shareholder approval for these proposals.

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.

Highway Infrastructure Limited's Board of Directors has approved an increase in the company's authorized share capital from ₹40 Crore to ₹50 Crore. Additionally, the board has approved the issuance of up to 1,00,00,000 warrants to the Promoter and Promoter Group, convertible into equity shares within 18 months, at a price of ₹49.82 per warrant, aggregating up to ₹49,82,00,000 (₹498.20 Crore). The warrant holders will pay 25% upfront. The company also proposed to acquire a 51% stake in Indore Highway Real Estates Private Limited for ₹38,98,695. These proposals are subject to shareholder and regulatory approvals. An EGM notice has been approved to seek shareholder consent.

Highway Infrastructure Limited's Board of Directors met on October 14, 2026, approving a significant increase in authorized share capital from Rs. 40 Crore to Rs. 50 Crore, subject to shareholder approval. The board also approved the issuance of up to 1,00,00,000 warrants to the Promoter and Promoter Group at Rs. 49.82 each, potentially raising up to Rs. 49.82 Crore. Additionally, the company will acquire a 51% stake in Indore Highway Real Estates Private Limited for Rs. 38.99 Lakhs. A draft notice for an Extraordinary General Meeting (EGM) to approve these proposals was also approved.

Highway Infrastructure Ltd has announced a Board of Directors meeting scheduled for October 14, 2026. The primary agenda items include considering a proposal to increase the company's authorized share capital and evaluating various methods for raising funds. These methods may include issuing equity shares, convertible bonds, debentures, warrants, preference shares, or other equity-linked securities through private placement, qualified institutional placement, rights issue, or other combinations. Shareholder approval will be sought for the fund-raising proposal and any ancillary actions. The meeting will also address any other business with the Chairman's permission.

Highway Infrastructure Limited (HIL) has secured a work order from the National Highways Authority of India (NHAI) for the operation and collection of user fees at the Velanchettiyur Fee Plaza in Tamil Nadu. The contract, valued at Rs. 24.46 crore, covers toll fee collection and upkeep of adjacent facilities for a period of 90 days. This mandate on the Karur-Dindigul section of NH-7 strengthens HIL's presence in Southern India and its toll management segment. The company, an integrated infrastructure platform, sees this as a step towards expanding its tollway collection portfolio and enhancing medium-term revenue visibility.