Gayatri Highways Limited has informed the Exchange regarding Notice of Postal Ballot
GAYAHWS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gayatri Highways Limited has issued a Postal Ballot Notice seeking shareholder approval for three material related party transactions via e-voting from 21st April 2026 to 20th May 2026. The first item seeks approval to waive a redemption premium of up to Rs. 150 Crores on 12,00,217 Cumulative Redeemable Preference Shares (face value Rs. 1,000 each) held in HKR Roadways Limited, an associate company, which has negative net worth of Rs. 101.88 Crores and losses of Rs. 70.25 Crores for FY 2025-26. Items 2 and 3 seek approval for loan transactions of up to Rs. 50 Crores each with subsidiary companies Gayatri Jhansi Roadways Limited and Gayatri Lalitpur Roadways Limited. The Rs. 150 Crore waiver represents 288% of the company's annual consolidated turnover, making it a significant financial decision for shareholders. Related parties will not be permitted to vote on Item 1.
Shareholders are being asked to approve a Rs. 150 Crore write-off of redemption premium from a financially stressed associate company in exchange for recovery of principal investment, which would accelerate liquidity but forgo future income. The two additional Rs. 50 Crore loan authorizations with subsidiaries indicate capital movement within the group that warrants monitoring for arm's-length pricing and repayment terms.