Postal ballot results: MD and WTD re-appointed for 3 years, dividend waiver article approved
HILINFRA · price
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Highway Infrastructure Limited shareholders approved 3 resolutions via postal ballot ending 13 July 2026. Resolution 1 (Special): Insertion of Article 154a allowing waiver of dividend right, passed with 99.96 percent votes in favor. Resolution 2: Re-appointment of Arun Kumar Jain as Managing Director for 3 more years, 100 percent in favor. Resolution 3: Re-appointment of Anoop Agrawal as Whole-Time Director for 3 more years, 100 percent in favor. Total 153 e-voters cast votes covering 5.32 crore shares, about 74 percent of outstanding equity.
Existing Managing Director and Whole-Time Director continue for 3 more years, signalling management stability. Dividend waiver article adds board flexibility on payouts.