HG Infra Engineering has appointed Vikas Jain as its Chief Financial Officer and Key Managerial Personnel, effective June 18, 2026. This leadership transition follows an organizational restructuring that also saw the outgoing CFO, Rajeev Mishra, move to a new role within the company.

Leadership Changes

Vikas Jain assumed charge as Chief Financial Officer on June 18, 2026. He takes over from Rajeev Mishra, who ceased to be the CFO and Key Managerial Personnel effective from the close of business hours on June 17, 2026. Mishra has transitioned to the role of Head – Investor Relations and Corporate Affairs, designated as Senior Management Personnel, effective June 18, 2026.

As part of the realignment of roles, Sanjay Bafna, Head – Accounts, ceased to be categorized as Senior Management Personnel of the company with effect from June 18, 2026. Bafna continues his employment with the organization.

Appointee Details

The company stated that the detailed profiles of the new appointee and the outgoing official were provided in its earlier announcement submitted to the exchanges.

H.G. Infra Engineering Limited has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited to establish an Inter-State Transmission system in Jharkhand. The project is part of the WR-ER Inter-Regional Network Expansion Scheme – Part C and was awarded through a tariff-based competitive bidding process. This development marks a significant step for the company in expanding its presence in the transmission sector.

The LOI was received on June 13, 2026, following an earlier announcement made by the company on May 27, 2026. The disclosure was made in compliance with Regulations 30, 51, and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously provided the requisite details under SEBI Regulations and SEBI Circulars.

Project Details

The project involves the establishment of an Inter-State Transmission system for the WR-ER Inter-Regional Network Expansion Scheme – Part C. The scope of work and financial details were disclosed in the company's earlier filing dated May 27, 2026. Key project parameters are outlined below:

The company stated that the LOI receipt is for information purposes and does not require any immediate action from shareholders. The project execution timeline and other material details are expected to be finalized in due course.