Gayatri Highways Limited has secured shareholder approval for three material related party transactions totaling ₹250 crore through a postal ballot process. The voting results, declared on May 21, 2026, confirm the passing of all ordinary resolutions put forth by the board.

The first resolution authorizes the company to alter the terms of Cumulative Redeemable Preference Shares held in its associate company, HKR Roadways Limited. This includes a waiver of the redemption premium amount receivable up to ₹150 crore. Shareholders also approved two separate loan transactions of ₹50 crore each with subsidiary companies Gayatri Jhansi Roadways Limited and Gayatri Lalitpur Roadways Limited.

Voting Results Summary

The remote e-voting process commenced on April 21, 2026, and concluded on May 20, 2026. A total of 123 valid ballots were received, representing 61,935,775 votes, which constituted approximately 25.84% of the total outstanding shares. The resolutions received strong support from the promoter group and a majority of public shareholders.

Scrutinizer's Report

C.N. Kranthi Kumar, Company Secretary in Practice, was appointed as the scrutinizer to oversee the postal ballot voting. The report confirmed that the company engaged KFin Technologies Limited to facilitate the remote e-voting process. The scrutinizer certified that the voting was conducted in a fair and transparent manner, complying with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The detailed voting results and the scrutinizer's report have been made available on the company's website. The approvals enable the company to proceed with the specified financial transactions with its associate and subsidiary entities.

Promoters of gayatri highways have released 1,67,49,725 equity shares that were previously pledged with Catalyst Trusteeship Limited. The disclosure was made under Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares, amounting to 6.99% of the total share capital, were released on May 15, 2026.

The transaction follows an intimation sent by T. V. Sandeep Kumar Reddy on behalf of the Promoter Group. The release significantly alters the shareholding pattern, reducing the total encumbered shares held by the promoters to zero. Prior to this release, the shares were held in the nature of encumbrance in favor of Catalyst Trusteeship Limited, acting as a Debenture Trustee.

Shareholding Details

The disclosure outlines the specific changes in the encumbrance status for key promoters. T. V. Sandeep Kumar Reddy and T. Indira Reddy were the primary promoters involved in releasing the pledge. The total equity share capital of Gayatri Highways Limited remains unchanged at Rs. 47,93,03,800, comprising 23,96,51,900 equity shares with a face value of Rs 2 each.

Following the release, the post-event holding of encumbered shares for these promoters stands at zero. The shares of the company are listed on both BSE Limited and the National Stock Exchange of India Limited.