Infra Industries Limited has notified BSE Limited of an upcoming Board of Directors meeting, scheduled for Tuesday, May 26, 2026. The intimation was filed on May 18, 2026, pursuant to Regulation 29(1)(a) of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015.

Purpose of the Board Meeting

The primary agenda of the board meeting is to consider and approve the audited financial results of the company for the quarter and year ended March 31, 2026. The filing was made to the Department of Corporate Services at BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Key details of the scheduled board meeting are outlined below:

Trading Window Closure

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company referenced its earlier intimation dated March 25, 2026, regarding the closure of the trading window. As per the company's "Code of Conduct to Regulate Monitor & Report Trading by Insiders," the trading window for all Designated Persons remains closed from the end of the quarter until 48 hours after the declaration of financial results or the outcome of the board meeting on the stock exchange.

The intimation was signed by Sanjay Jain, Whole Time Director & CFO (DIN: 00313886), on behalf of Infra Industries Limited.

Infra Industries Limited has disclosed that the Hon'ble National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, passed a clarificatory order dated 05th May, 2026, in relation to the Interlocutory Application bearing Company Appeal (AT) (Insolvency) No. 592 of 2025 and I.A. No. 2117 of 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereto. The order adds clarification to the earlier order passed in I.A. No. 2280 of 2025, dated 15th July, 2025.

Background of the Interlocutory Application

The Interlocutory Application was filed by Equator Financial Services Ltd. (Appellant) seeking clarification on the order dated 15th July, 2025, passed by the NCLAT. The Appellant's counsel referred to Paragraph 7 of the earlier order, which had observed that the prayer made by the Successful Resolution Applicant (SRA)—aimed at ensuring a minimum 5% public shareholding in the company in compliance with applicable law—ought to have been allowed.

The application included a shareholding table in Paragraph 28, outlining the proposed pre- and post-Corporate Insolvency Resolution Process (CIRP) shareholding structure. The NCLAT confirmed that the table was in conformity with its earlier observations in Paragraph 7 of the order dated 15th July, 2025.

Shareholding Structure Under the Resolution Plan

The following table, as extracted in Paragraph 28 of the Interlocutory Application and affirmed by the NCLAT, details the shareholding structure before and after the CIRP:

*100% extinguishment of shareholding of erstwhile Promoters; **the public shareholders as on record date have been reduced in the ratio of 1:8 and for every fraction, it will be rounded off to the next higher integer.

NCLAT's Clarification and Disposal

The NCLAT noted that the shareholding structure presented in the table in Paragraph 28 of the application is consistent with the tribunal's earlier directive that a minimum 5% public shareholding ought to have been permitted. Counsel for BSE Ltd., the Respondent, also submitted that there was no objection to following the table as stated in Paragraph 28. In view of the submissions by both parties, the tribunal disposed of the Interlocutory Application with the above clarifications. The order was pronounced by Justice Ashok Bhushan, Chairperson, and Barun Mitra, Member (Technical).

Regulatory Compliance

Pursuant to the NCLAT's order, the clarification permits the interpretation of the shareholding structure and amendment of the resolution plan filed by the SRA, ensuring compliance with Regulation 19A of the Securities Contracts (Regulation) Rules, 1957. The intimation was signed by Sanjay Kumar Jain, Whole-time Director & CFO (DIN: 00313886), on behalf of Infra Industries Limited, and submitted to BSE Limited under reference Ref/BSE/26-27.