National Highways Infra Trust has informed the Exchange regarding Outcome of Extraordinary General Meeting held on 12/03/2026
Awaiting price reaction for this filing.
National Highways Infra Trust (NHIT) held its 6th Extra-Ordinary Meeting of Unitholders on March 12, 2026, via video conferencing. Six resolutions were put to vote and all were passed unanimously with 100% votes in favour and zero votes against. The resolutions covered: (1) approval for acquisition of new assets, (2) issuance of units on a preferential basis, (3) issuance of units through Institutional Placement, (4) distribution to unitholders, (5) variation in the terms of use of proceeds raised by the Trust, and (6) revision in remuneration of statutory auditors M/s A R & Co. Out of 1,93,68,50,600 total outstanding units, 1,34,28,12,950 units (69.33%) were polled for resolutions 3-6, while 1,12,84,43,450 units (58.26%) were polled for resolutions 1-2. Public non-institutional unitholders did not participate in voting on any resolution, while the Sponsor/Project Manager voted only on resolutions 3-6. The scrutinizer's report was issued by KDA & Associates, and all results have been filed with BSE and NSE.
Unitholders have cleared the path for NHIT to acquire new highway assets and raise additional capital via preferential and institutional placement of units, which could lead to unit dilution but also portfolio expansion. The approved variation in use of proceeds is a key watchpoint, as it signals a redirection of previously raised capital. The sanctioned distribution is a positive for unitholders seeking regular income.