HG Infra Engineering Limited has informed stock exchanges about the voluntary dissolution of six step-down wholly owned subsidiaries, all related to solar energy projects in Rajasthan. The company filed the intimation on March 19, 2026, under Regulations 30 and 51 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Subsidiaries Being Dissolved

The six subsidiaries being dissolved are all solar project companies that were incorporated in 2024 but never commenced operations:

Dissolution Process and Timeline

The company has obtained consent from respective shareholders of all six subsidiaries for voluntary dissolution. HG Infra Engineering will now make applications for strike-off with the Registrar of Companies, Jaipur. The strike-off process for all subsidiaries is expected to be completed within 3-4 months.

Since inception, none of the mentioned companies commenced their operations, resulting in no turnover, revenue, income, or net worth contribution to the parent company during the last financial year. Upon completion of the strike-off process, these companies will cease to be step-down wholly owned subsidiaries of HG Infra Engineering Limited.

Regulatory Compliance

The dissolution process is being conducted in compliance with SEBI regulations, with detailed disclosures provided as required under Regulation 30. Since the subsidiaries never became operational and no sale transactions are involved, most regulatory requirements regarding buyer details, consideration amounts, and related party transactions are not applicable to this dissolution process.

The intimation was signed by Ankita Mehra, Company Secretary and Compliance Officer of HG Infra Engineering Limited, ensuring proper regulatory compliance throughout the dissolution process.

H.G. Infra Engineering Limited has secured a significant railway infrastructure contract worth ₹401.33 crore from Anuppur Thermal Energy (MP) Private Limited for the development of railway infrastructure at the 2x800 MW Thermal Power Project in Anuppur, Madhya Pradesh. This contract represents a major addition to the company's infrastructure portfolio and strengthens its position in the power sector infrastructure segment.

Contract Specifications

The comprehensive contract encompasses multiple aspects of railway infrastructure development for the thermal power project. The scope includes execution of civil works such as earthwork, bridges, station buildings, and permanent way (P-way) works essential for the power plant's connectivity requirements.

Project Scope and Significance

The railway infrastructure development will support the operations of the substantial 2x800 MW thermal power facility, ensuring efficient transportation and logistics connectivity. The project involves comprehensive civil engineering works including earthwork operations, bridge construction, and the development of station buildings necessary for the power plant's railway connectivity.

Regulatory Compliance

H.G. Infra Engineering Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The contract represents a domestic engagement with no related party transactions involved, ensuring transparent business operations.

The 18-month execution timeline demonstrates the company's commitment to timely project delivery while maintaining quality standards in railway infrastructure development. This contract addition strengthens the company's order book and reinforces its position in the power sector infrastructure segment.