Highway Infrastructure Limited has informed the Exchange regarding Notice of Postal Ballot
HILINFRA · price
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Highway Infrastructure Limited has announced a postal ballot seeking shareholder approval via special resolution for two key items. First, the company proposes to alter the Object Clause of its Memorandum of Association to diversify into new business areas including hospitality (hotels, resorts, restaurants, cafes), real estate, renewable energy (solar, wind, EV charging), and infrastructure support services such as toll collection, toll plaza management, and wayside amenities along highways. Second, the company seeks to amend its Articles of Association by removing the now-redundant Common Seal provisions (since the Companies Act, 2013 no longer requires it) and redrafting the clause on promoter directors to reflect the current governance structure. E-voting runs from March 13, 2026 to April 11, 2026, with results to be announced on or before April 13, 2026. The cut-off date for eligibility is February 27, 2026.
This signals a strategic diversification beyond the company's core highway infrastructure business, opening doors to revenue from toll operations, hospitality, and renewable energy projects. Shareholders should review the expanded business scope carefully—if approved, the company could see new growth avenues but also increased execution risk from entering unrelated sectors like hotels and EV infrastructure. The AOA changes are routine and administrative in nature, with no material impact on shareholder rights.