HG Infra Engineering Limited (HGIEL) has taken a significant step in its corporate restructuring efforts by executing a Securities Purchase Agreement (SPA) with Neo Infra Income Opportunities Fund. The agreement, finalized on November 6, 2025, involves the sale of HGIEL's entire shareholding in its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-6 Private Limited.

Transaction Details

The key aspects of the agreement are as follows:

This transaction marks the culmination of a process that was initially announced on August 13, 2025. At that time, HGIEL had disclosed the required regulatory details, setting the stage for this final agreement.

Corporate Disclosure

In compliance with SEBI regulations, HGIEL has promptly informed the stock exchanges about this development. The company's communication highlights:

• The agreement aligns with Regulations 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• The transaction involves the complete divestment of HGIEL's stake in the subsidiary.
• All necessary details as mandated by SEBI were previously provided in the August 13, 2025 announcement.

Upcoming Financial Results

In a separate but related corporate announcement, HGIEL has scheduled a Board of Directors meeting for November 12, 2025. The primary agenda for this meeting includes:

• Review and approval of unaudited standalone and consolidated financial results for Q2 FY2026 (quarter ending September 30, 2025).
• As per regulatory norms, the trading window for company securities remains closed from October 1, 2025, until 48 hours post the declaration of these financial results.

This strategic move by HG Infra Engineering Limited appears to be part of a broader corporate strategy, potentially aimed at streamlining operations or reallocating resources. Investors and market analysts will likely be keen to understand the financial implications of this divestment during the upcoming results announcement.

HG Infra Engineering , a prominent infrastructure development company, has received a notice from the Income Tax Department regarding a significant tax-related penalty. The company has been directed to pay a compounding fee of Rs 1.42 crore for delays in Tax Deducted at Source (TDS) remittances over a five-year period.

Key Details of the Tax Notice

The Deputy Commissioner of Income Tax Department, Circle-TDS, Jodhpur, has issued an intimation to HG Infra Engineering for the deposition of compounding charges. Here are the crucial points:

Impact on Company Operations

HG Infra Engineering has stated that apart from the specified penalty amount, there is no other impact on the company's financial or operational activities. This suggests that the company is prepared to handle the penalty without significant disruption to its business operations.

Regulatory Compliance

The company has promptly disclosed this information to the stock exchanges, adhering to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency in reporting demonstrates the company's commitment to regulatory compliance and shareholder communication.

Implications for Investors

While the penalty is substantial, the isolated nature of the issue and the company's assertion of limited impact may provide some reassurance to investors. However, stakeholders might want to monitor the company's future tax compliance practices more closely.

As HG Infra Engineering navigates this tax-related challenge, the market will be watching how efficiently the company manages the payment process and whether it implements any new measures to prevent similar issues in the future.