PNC Infratech Limited has incorporated a wholly owned subsidiary, Barabanki Mustafabad Highway Private Limited, as a special purpose vehicle (SPV) to implement a highway project awarded by the National Highways Authority of India (NHAI). The company received the Certificate of Incorporation on June 21, 2026, for the entity incorporated on June 17, 2026. This strategic move strengthens PNC Infratech's infrastructure portfolio by adding a dedicated project vehicle for the construction of a 4-lane highway in Uttar Pradesh on the Hybrid Annuity Mode (HAM).

Subsidiary and Project Details

Barabanki Mustafabad Highway Private Limited has been established to execute the construction of a 4-lane highway from Barabanki Design Chainage Km 0+000 to Mustafabad Design Chainage Km 43+030 (Existing Chainage Km 0.000 to Chainage Km 43.700) on the section of NH-927 in Uttar Pradesh. The project will be undertaken on HAM Mode under the NH (O) Scheme (Package-I). The entity is yet to commence business operations.

Capital Structure and Shareholding

PNC Infratech Limited holds 100% of the equity shares in the new SPV. The subscription was made by the company along with its another wholly owned subsidiary, PNC Infra Holdings Limited. The initial capital structure details are as follows:

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the company's prior announcements dated April 21, 2026, and May 22, 2026. The acquisition does not fall within related party transactions, and no specific governmental approvals were required for the incorporation.

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.