Announcement under Regulation 30 of SEBI LODR 2015
HILINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Highway Infrastructure Limited has received board approval to extend the deadline for deploying remaining IPO funds from 31st March 2026 to 31st May 2026. The company raised Rs. 975.20 million gross (Rs. 828.84 million net after expenses) through its IPO in August 2025. As of 31st March 2026, Rs. 831.55 million has been utilized (including Rs. 3.53 million interest earned), leaving only Rs. 0.82 million unutilized in the monitoring account. The delay is attributed to operational and business implementation reasons.
The nearly complete utilization (99.9%) means the impact on shareholders is minimal. The two-month extension is a procedural matter and unlikely to materially affect the stock. However, investors may note the reallocation pattern where toll-related working capital significantly exceeded the original proposal while EPC working capital fell short.