Highway Infrastructure Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
HILINFRA · price
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Highway Infrastructure Limited has announced that shareholders have approved two special resolutions through postal ballot with near-unanimous consent. The resolutions involve altering the Object Clause of the Memorandum of Association and the Articles of Association of the company. Voting took place from March 13 to April 11, 2026, with 74.17% voter turnout (53.2 million shares out of 71.7 million). Both resolutions received 100% favorable votes from promoters (50.2 million shares) and 99.98% approval from public shareholders. The total votes in favor were 53,197,086 against just 572 votes against. The scrutinizer, M/s M. Maheshwari & Associates, confirmed the resolutions were passed with the requisite majority.
The alteration of MOA and AOA indicates the company is likely expanding or modifying its business objectives and governance framework. This could open new revenue streams or business activities for the company, which may be positive for long-term shareholders.