Ramky Infrastructure

Ramky Infrastructure Limited has issued a postal ballot notice seeking enhanced shareholder approval for material related party transactions with two entities. The company is requesting approval for transactions with Numen Growth Partners Private Limited (promoter group member holding 2.41% equity) worth INR 3,850 million for FY 2025-26, and with subsidiary Srinagar Banihal Expressway Limited worth INR 68,700 million including corporate guarantees and claims. The proposed transactions include inter-corporate deposits, operation and maintenance services, and corporate guarantees. Shareholders had previously approved smaller amounts at the AGM held on September 25, 2025, but the company now seeks enhanced limits due to progressing financial requirements. Key new approvals sought include INR 1,500 million ICD to Numen at 14% interest, INR 8,000 million corporate guarantee for SBEL's lenders, and increased ICD limits between Ramky and SBEL. Remote e-voting is scheduled from October 17 to November 15, 2025, with October 10, 2025 as the cut-off date for voting eligibility. Results will be announced by November 18, 2025.

Ramky Infrastructure Limited's Board of Directors approved the extension of a corporate guarantee to bankers for a loan to be availed by subsidiary Srinagar Banihal Expressway Limited (SBEL). The board also approved a postal ballot notice seeking shareholder approval for material related party transactions, including the corporate guarantee for SBEL and approval of a material related party transaction with Numen Growth Partners Private Limited. The company stated that the probability of the corporate guarantee being invoked is very remote due to NHAI annuities being given as security, and expects no impact on its financial statements. The guarantee will be backed by future annuities receivable from NHAI.

Mallannasagar Water Supply Limited, a subsidiary of Ramky Infrastructure Limited, has executed a Concessionaire Agreement with Hyderabad Metropolitan Water Supply and Sewerage Board on September 18, 2025. The project involves the HMWSSB Godavari Drinking Water Supply Scheme Phase-II & Phase-III, which includes filling Osmansagar & Himayathsagar Reservoirs with Godavari Water for Musi River rejuvenation. The contract operates under a Hybrid Annuity Model with a total value of INR 2,085 crores. The project timeline includes construction within 2 years and Manning, Operation and Maintenance for 10 years from completion. This is a domestic contract and does not constitute a related party transaction, as Ramky Infrastructure Limited and its promoters have no interest in HMWSSB.