Dilip Buildcon Limited (DBL) has successfully completed the transfer of its remaining 54% equity shareholding and Non-Convertible Debentures (NCDs) in seven highway subsidiary companies to Anantam Highways Trust (InvIT). This strategic move, finalized on October 10, 2025, marks a significant development in the infrastructure sector.

Transaction Details

The transaction involved the following key aspects:

Subsidiary Companies Involved

The seven highway subsidiary companies included in this transaction are:

1. Bangalore Malur Highways Limited
2. Malur Bangarpet Highways Limited
3. Repallewada Highways Limited
4. Viluppuram Highways Limited
5. Narenpur Purnea Highways Limited
6. Dodaballapur Hoskote Highways Limited
7. Dhrol Bhadra Highways Limited

Additional Benefits

In addition to the direct transfer, Alpha Alternatives Infrastructure Fund, in which Dilip Buildcon holds a 98.48% beneficial interest, received 36,045,096 units of the InvIT.

Transaction Timeline

The sale agreement, last amended on September 22, 2025, saw the completion of all transfers on October 10, 2025. This timely execution demonstrates the company's commitment to its strategic plans.

Regulatory Compliance

It's important to note that the buyer, Anantam Highways Trust, does not belong to the promoter or group companies of Dilip Buildcon. The transaction does not fall under related party transactions, ensuring compliance with regulatory requirements.

Financial Impact

The divestment is expected to have a notable impact on Dilip Buildcon's financial structure. Based on the last financial year's data, the seven subsidiaries collectively contributed to approximately 8.18% of the company's turnover and 7.86% of its net worth.

Conclusion

This strategic move by Dilip Buildcon represents a significant shift in its asset portfolio. By transferring these highway subsidiaries to Anantam Highways Trust, the company may be positioning itself for more focused operations or exploring new growth opportunities in the infrastructure sector. Investors and market watchers will likely keep a close eye on how this transaction affects Dilip Buildcon's future financial performance and strategic direction.

Dilip Buildcon Limited (DBL), a prominent infrastructure company, has reported that the Income Tax Department recently conducted checks at its office to review certain transactions. The company has assured full cooperation with the authorities while emphasizing that its business operations remain unaffected during this process.

Details of the Inspection

According to the company's filing with the stock exchanges, the Income Tax Department officials visited Dilip Buildcon's registered office under Section 132 of the Income Tax Act. The purpose of the visit was to verify specific transactions, although the nature of these transactions was not disclosed.

Company's Response

Dilip Buildcon has stated that it is providing all necessary information and clarifications as required by the Income Tax officials. The company emphasized its commitment to transparency and cooperation with regulatory authorities.

Impact on Operations

In its communication to the stock exchanges, Dilip Buildcon assured stakeholders that its business operations remain unaffected and continue as usual. The company has not received any specific directions or orders from the Income Tax Department at this time.

Regulatory Compliance

The company has provided details of the inspection in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure is in line with SEBI's requirements for listed entities to inform shareholders about significant events that may impact the company.

Key Points of the Disclosure

Investors and stakeholders are advised to monitor further communications from the company regarding this matter. As the inspection is ongoing, more details may emerge in the coming days or weeks.