H.G. Infra Engineering Postpones Board Meeting Scheduled for May 22

H.G. Infra Engineering has postponed its Board of Directors meeting, which was originally scheduled for Friday, May 22, 2026. The company cited unavoidable circumstances for the delay and announced that the meeting will now be convened on a later date, which shall be intimated separately in due course.

The earlier meeting, notified on May 18, 2026, was convened under Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agenda had included the consideration and approval of audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, as well as a recommendation for a final dividend.

Revised Status of Agenda

With the postponement, the consideration of the following items has been deferred:

Agenda Item:	Details
Financial Results:	Consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026
Dividend Recommendation:	Recommend a final dividend, if any, for the financial year ended March 31, 2026

Trading Window Closure

The Trading Window for dealing in the securities of H.G. Infra Engineering remains closed for all designated persons and their immediate relatives. The closure, effective from April 01, 2026, will continue to be in force until 48 hours after the declaration of the financial results, which are now pending the rescheduled meeting.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.70%	-2.21%	-4.62%	-30.62%	-52.21%	+67.15%

H.G. Infra Engineering has decided to exclude two projects awarded by the Maharashtra State Road Development Corporation (MSRDC) from its executable order book. The decision follows the unexpected return of bank guarantees submitted by the company for these projects, with no reasons communicated by the authority. Consequently, the company has opted for prudence and will not account for the projects until further clarity is received from MSRDC.

The company had previously disclosed that it was declared the L1 bidder for two packages of the Nagpur-Chandrapur Access Controlled Super Communication Expressway. The projects were to be executed on an Engineering, Procurement, and Construction (EPC) mode. Despite being the lowest bidder, the company has not received a formal response from MSRDC regarding the status of the projects or the return of the bank guarantees.

Project Details

The two packages involve the construction of the expressway in the state of Maharashtra. The total length of the projects spans approximately 60 km. The table below outlines the specific details of the packages, including the estimated costs and bid amounts.

Project	MSRDC Estimated Project Cost (INR in Crore)	Mode	Length (In KM)	HGINFRA Bid Project Cost (INR in Crore)
Construction of Nagpur-Chandrapur Access Controlled Super Communication Expressway Package NC-04 from km 90+400 Chargaon Tq. Bhadravati to km 118+600 Nandgaon Kh Tq. Korpana Dist. Chandrapur	1554.45	EPC	28.20	1,991.11
Construction of Nagpur-Chandrapur Access Controlled Super Communication Expressway Package NC-05 from km 118+600 Nandgaon Kh. Tq. Korpana to km 150+350 Jogapur Tq. Ballarpur Dist. Chandrapur	1654.92	EPC	31.75	2,151.11

Current Status

The total bid project cost for the two packages amounts to ₹4,142.22 crore. Following the return of the bank guarantees and the lack of communication from MSRDC, H.G. Infra Engineering has deemed the execution status uncertain. The company stated that it will keep the stock exchanges informed of any material developments in accordance with applicable laws.