Announced Wed, 15 Jul · 12:32 IST
Postal ballot results - 3 resolutions passed with over 99.9% approval
Board & Shareholder Meetings View source PDF
HILINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.4%1-day move
₹45.30
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Highway Infrastructure members approved all 3 postal ballot resolutions. Special resolution (99.96% in favor) adds Article 154a allowing waiver of dividend rights in Articles of Association. Resolutions to re-appoint Arun Kumar Jain as MD and Anoop Agrawal as Whole-Time Director for 3 years each passed with 100% in favor. 153 shareholders voted, covering 5.32 crore shares (74.18% of outstanding equity).
Likely market impact
Director re-appointments bring leadership continuity. New dividend waiver article gives shareholders flexibility to forgo future dividends.