Highway Infrastructure Limited Announces Shareholder Approval for MOA and AOA Changes
Highway Infrastructure Limited has successfully obtained shareholder approval for significant alterations to its Memorandum and Articles of Association through a postal ballot process. The approved changes expand the company's business scope to include diverse infrastructure facilities such as hotels, hospitals, renewable energy projects, and toll collection operations, while also updating corporate governance provisions and clearly defining promoter director roles.
*this image is generated using AI for illustrative purposes only.
Highway Infrastructure Limited has officially announced the successful completion of its postal ballot process, with shareholders approving crucial alterations to the company's Memorandum of Association (MOA) and Articles of Association (AOA). The company filed its regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming strong stakeholder support for the proposed structural changes.
Official Regulatory Announcement
The company submitted its formal announcement to BSE Limited and National Stock Exchange of India Ltd on April 13, 2026, following the Board of Directors' earlier approval on March 06, 2026. Company Secretary Palak Rathore confirmed that both special resolutions were duly approved by members through the postal ballot process.
| Parameter: | Details |
|---|---|
| Filing Date: | April 13, 2026 |
| Scrip Symbol: | HILINFRA |
| Scrip Code: | 544477 |
| ISIN: | INE00RL01028 |
| Board Approval Date: | March 06, 2026 |
| E-voting Period: | March 13 - April 11, 2026 |
Key MOA Alterations Approved
The shareholders approved significant additions to Clause III A of the Memorandum of Association, expanding the company's business scope substantially. The new Clause III A (5) enables the company to develop and operate diverse infrastructure facilities including hotels, hospitals, business parks, renewable energy projects, and EV charging stations.
Major Business Expansion Areas
| Business Segment: | New Capabilities |
|---|---|
| Hospitality & Events: | Hotels, restaurants, banquet halls, marriage gardens |
| Healthcare & Wellness: | Hospitals, healthcare centers, yoga centers, rehabilitation facilities |
| Commercial Infrastructure: | Business parks, IT parks, logistics parks, industrial parks |
| Renewable Energy: | Solar parks, wind farms, hybrid renewable projects |
| Transportation: | EV charging stations, battery-swapping stations, airports, ports |
The new Clause III A (6) specifically focuses on toll collection and management operations, allowing the company to collect tolls and user charges on highways, expressways, bridges, and other infrastructure projects through various partnership models.
AOA Modifications and Corporate Governance
The approved AOA alterations include three key changes to enhance corporate governance structure. The company deleted provisions related to the Common Seal (Clauses 1(xxiv) and 145) and redrafted Clause 96 to clearly define the promoter directors.
| AOA Change: | Details |
|---|---|
| Common Seal Provisions: | Deleted from Clauses 1(xxiv) and 145 |
| Promoter Directors: | Mr. Anoop Agrawal, Mr. Arun Kumar Jain, Mr. Riddharth Jain |
| Board Structure: | Clause 96 redrafted for clarity |
Regulatory Compliance and Documentation
The company demonstrated comprehensive regulatory compliance by providing detailed annexures outlining all proposed changes. The announcement referenced the earlier intimation filed on March 09, 2026, regarding the Notice of Postal Ballot, ensuring complete transparency throughout the process.
The voting results will be separately announced upon receipt of the Scrutinizer's Report as per Regulation 44(3) of SEBI Listing Regulations. All documentation and updates are available on the company's website at www.highwayinfrastructure.in , maintaining transparency standards required under SEBI regulations.
Historical Stock Returns for Highway Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.63% | -5.43% | +12.83% | -34.39% | -57.02% | -57.02% |
What is Highway Infrastructure Limited's timeline and capital allocation strategy for entering the renewable energy and EV charging station segments?
How will the company's expansion into hospitality and healthcare sectors impact its traditional highway infrastructure revenue mix over the next 2-3 years?
Which specific toll collection projects or partnerships is Highway Infrastructure Limited likely to pursue following the MOA amendments?
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