PNC Infratech Ltd confirmed that its promoters and persons acting in concert have not created any encumbrance on 143,841,000 equity shares, representing 56.07% of the total equity, during the financial year ended March 31, 2026. The declaration was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure, signed by Promoter Chakresh Kumar Jain, states that the shares held by the promoter group remain free of any charge or lien, either directly or indirectly, for the specified period. This confirmation provides clarity to investors regarding the holding status of the majority stakeholders.

Shareholding Details

The declaration covers the aggregate shareholding of the promoter and promoter group. The specific details of the shares confirmed as unencumbered are outlined below:

The filing was addressed to the BSE Limited and the National Stock Exchange of India Limited to ensure regulatory compliance and transparency.

PNC Infratech Limited has incorporated a wholly owned subsidiary, Mustafabad Biswariya Highway Private Limited, to implement a highway project awarded by the National Highways Authority of India (NHAI). The new entity, incorporated as a Special Purpose Vehicle (SPV) on June 16, 2026, will execute the construction of a 4-lane highway in Uttar Pradesh on HAM Mode. The project spans from Mustafabad to Biswariya on the section of NH-927 under the NH(O) Scheme (Package-II).

The SPV received its Certificate of Incorporation on June 17, 2026. Mustafabad Biswariya Highway Private Limited is classified under the infrastructure sector and is yet to commence business operations. The entity was incorporated in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

PNC Infratech Limited, along with its wholly owned subsidiary PNC Infra Holdings Limited, holds 100% shareholding in the new SPV. The subscription was made through cash consideration at a face value of ₹10 per share. The initial subscription aggregates to ₹10,00,000, comprising 1,00,000 equity shares.

Key Details of Mustafabad Biswariya Highway Private Limited

Project Scope

The SPV has been established specifically for the "Construction of 4 Lane highway from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515 (Existing Chainage Km 43.700 to chainage Km 98.475) on the section of NH-927 in Uttar Pradesh on HAM Mode under NH(O) Scheme (Package-II)." No further governmental or regulatory approvals are required for this acquisition, and the transaction is not a related party transaction.