Gayatri Highways Limited has extended the indicative timeline for the acquisition of a 23% stake in HKR Roadways Limited to September 30, 2026. The extension allows the target company to satisfy specific conditions obligated under the Securities Purchase Agreement dated February 12, 2026. The transaction involves the purchase of 10,67,729 fully paid-up equity shares from Kotak Special Situations Fund, with the completion now expected by the revised deadline following necessary compliances.

The Securities Purchase Agreement was entered into on February 12, 2026, and involves parties including Cube Highways and Infrastructure V PTE. Limited and Kotak Special Situations Fund. The consideration for the acquisition will be decided at the time of consummation of the proposed agreement. The company clarified that the transaction is not classified as a related party transaction, and the promoter or promoter group companies hold no interest in HKR Roadways Limited beyond the stake being acquired.

HKR Roadways Limited, incorporated on August 9, 2010, operates in the infrastructure sector. The company is engaged in the four-laning of the Hyderabad – Karimnagar – Ramagundam Road (SH-1) under a Public Private Partnership (PPP) on a Build, Operate, and Transfer (BOT) basis. The project involves collecting tolls and fees from users in accordance with the concession agreement with the Government of Andhra Pradesh. The necessary approval from the Roads & Buildings Department, Government of Telangana, has already been obtained.

The target company has reported a consistent increase in total revenue over the past three financial years. Gayatri Highways Limited stated that the investment aligns with its strategic operations in the infrastructure industry.

Financial Performance of HKR Roadways Limited

The updated disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Gayatri Highways Limited has closed its trading window for designated persons effective July 1, 2026, to prevent insider trading ahead of its financial results. The window will remain shut until 48 hours after the company declares its unaudited financial results for the first quarter ended June 30, 2026. This measure is enforced in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The restriction applies to all Designated Persons, including directors, Key Managerial Personnel (KMPs), designated employees, and other connected persons. These individuals are prohibited from dealing in the company's shares during the specified closure period. The decision aligns with the company's Code of Conduct for the prohibition of insider trading.

The company has stated that the date of the board meeting to approve the unaudited financial results for the quarter ended June 30, 2026, will be communicated in due course. The trading window closure is a standard regulatory procedure implemented during financial result announcements to ensure market integrity and prevent the misuse of unpublished price-sensitive information.